In Mexico, during 2004, came into effect the Law to Promote Transparent Financial Services. We describe the most salient dispositions of this law and the key measures that central bank of Mexico has implemented, as well as the usage patterns of checks, electronic funds transfers and payments...

We analyze the data of credit card holding and usage in Mexico, through a sample selection model. We find that some features of the household, such as income, head's education level and ownership of assets that can be used as collateral are related with the decision of having a credit card, as...

This paper attempts to characterize the convergence process among the Mexican state during the period 1970-1995.The proposed methodology uses dynamic panel data models without exogenous regressors,under the stationarity assumption.It is argued that the Breusch-Pagan (1980) LM-test and the F-test...

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...

The most common approach used in international comparisons of agricultural productivity and technological change is generally based on Cobb-Douglas production functions. Similarly, the technological level is usually modeled as a linear deterministic trend. In this paper, we propose more general...