is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant …

The present paper investigates whether tourism specialization is a viable strategy for development. We estimate … standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques … for a large cross-section of countries for the period 1980-2002. We introduce an instrument for tourism based on the …

is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant … are islands have limited growth. Policies aimed at improving productivity, further development of the tourism sector, and …

This paper assesses the real effects of the energy reform in Mexico by looking at its impact on manufacturing output …

We assess the aggregate productivity impact of distortions arising from labor regulations in Mexico and how they … about informal firms in Mexico. We then construct and estimate a model of heterogeneous firms and endogenous informality to …

This paper analyzes the sources of Mexico''s economic growth since the 1960s and compares various decompositions of …

This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The … effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners … facts and recent empirical research. The paper concludes by drawing lessons from Mexico''s NAFTA experience for policymakers …