New Economic Geography (NEG) focuses on the question of whether trade leads to a greater concentration of economic activity. Little empirical work has been done on assessing the regional distribution of the impact of trade. Therefore, this paper looks at the regional distribution in Mexico of...

This paper shows that the evolution of the level of Mexico real and real per capita output between 1895 and 2008 can be adequately described through a trend stationary model, affected by 4 structural breaks, which ocurred at dates that seem to coincide with domestic institutional arrangements,...

The lack of historical macroeconomic series for regional economies hinders the knowledge of explanatory factors of their economic evolution. The aim of this study is work with series on annual Gross Domestic Product for Andalusia in twentieth century. We find significant evidence that there are...

In this paper, we analyze the changes in the Chilean economy specialization patterns mainly in the period of fastest economic growth and taking into account its relative abundance of productive factors. There are three important findings in this paper that are relevant for natural resources...

If finance is crucial to growth, as a large literature has demonstrated, then why is there wide variance in financial development across countries? Why have governments not put the appropriate policies into place to encourage the development of banks and securities markets? This paper addresses...

The Input-Output model assumes that as economic systems develops, the technical coefficient matrix changes following either of two tendencies; one, the entries of the matrix shrink due to increased efficiency on the production lines; two, they expand, while productivity gains concentrate in the...

This paper compares growth conditions in China and Latin America to assess fears that China will displace Latin America in the coming decades. China’s strengths include the size of the economy, macroeconomic stability, abundant low-cost labor, the rapid expansion of physical infrastructure,...

This paper discusses the growth slowdown of the Mexican economy during the reform and post reform periods. It addresses four possible factors behind the growth deceleration. First, the role of international trade integration showing that the trade policy reforms of the 1980s and 1990s were in...

In this document we analyze the dynamics of per capita value added in manufacturing as a proxy of per capita income in Mexico’s municipalities and US counties. Specifically we seek to determine if there is convergence (absolute or conditional), divergence or stratification. A dynamic panel...

Latin America has been dominated by growth expansions that, more often than not, have ended in crises and protracted periods of stagnation. This has led to poor growth performance during most of the past century. This paper reviews Latin American growth experiences and discusses some particular...