We account for the appreciation of the real exchange rate in Mexico between 1988 and 2002 using a two sector dynamic …

This paper finds convergence of real per capita GDP in Mexico’s states and regions during the period of higher average …

low in Mexico. Using panel data methods linking credit growth and fundamentals, this paper estimates a long-term gap … finds that supply factors are particularly important as determinants of credit in Mexico. Recent financial reforms address …

Despite Mexico’s recent remarkable progress in adjusting its fiscal and external accounts and in restructuring its … economy, the recovery of growth has remained elusive. This paper reviews some aspects of Mexico’s recent performance and …

undermine the effect of Foreign Direct Investment (FDI), official development assistance (ODA) and migrants' remittances on … economic expansion. Based on neoclassical growth framework, the theoretical model indicates that FDI, ODA, and remittances …

This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and … markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we … show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in …