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stress in Mexico and this retards the growth of skills of its workforce. (2) The informal sector is large, mostly due to the …
Persistent link: https://www.econbiz.de/10013135761
Mexico's conditional cash transfer program. We find that transfers had a large effect on asset accumulation among the low …
Persistent link: https://www.econbiz.de/10013081243
Growth and structural transformation of the manufacturing sector in developing countries are generally considered to be the result of the expansion of the "modem" (large-scale) sector relative to the "traditional" (small-scale) sector. Examining the sources of labor productivity growth in...
Persistent link: https://www.econbiz.de/10013247412
In this paper we investigate the sources of the important shifts in the volatility of U.S. macroeconomic variables in the postwar period. To this end, we propose the estimation of DSGE models allowing for time variation in the volatility of the structural innovations. We apply our estimation...
Persistent link: https://www.econbiz.de/10012767428
A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...
Persistent link: https://www.econbiz.de/10013030631
The Argentine economy was transformed in the late nineteenth century by the mass migration of millions of Europeans. Various ideas have surfaced concerning the likely impact of this labor inflow: that it favored the wheat revolution on the pampas; that it promoted urbanization and the rapid...
Persistent link: https://www.econbiz.de/10013213106
Chile and Mexico experienced severe economic crises in the early 1980s. This paper analyzes four possible explanations … for why Chile recovered much faster than did Mexico. Comparing data from the two countries allows us to rule out a …
Persistent link: https://www.econbiz.de/10012774728
While outsourcing of production from the U.S. to Mexico has been hailed in Mexico as a valuable engine of growth … outsourcing industries in Mexico experience fluctuations in value added that are roughly twice as volatile as the corresponding …
Persistent link: https://www.econbiz.de/10012776813
Mexico has experienced since 1995. Although fresh domestic bank lending dried up, tradable firms obtained financing in the …
Persistent link: https://www.econbiz.de/10013210661
Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at … that the relation between openness and growth is not a simple one. Using standard trade theory, we find that Mexico has … continuing reforms, Chinese growth is likely to slow down sharply, perhaps leaving China at a level less than Mexico's real GDP …
Persistent link: https://www.econbiz.de/10013135399