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NAFTA and Mexico'S Less-than-Stellar Performance

Tornell, Aaron; Westermann, Frank; Martínez Trigueros, … - 2021

Mexico, a prominent liberalizer, failed to attain stellar gross domestic product (GDP) growth in the 1990s, and since … 2001 its GDP and exports have stagnated. In this paper we argue that the lack of spectacular growth in Mexico cannot be … extraordinary growth of exports and foreign domestic investment (FDI). The key to the Mexican puzzle lies in Mexico's response to …

Persistent link: https://www.econbiz.de/10013247434

Real Business Cycles in Emerging Countries?

Garcia-Cicco, Javier - 2010

We use more than one century of Argentine and Mexican data to estimate the structural parameters of a small-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job at explaining business cycles in emerging countries. We then...

Persistent link: https://www.econbiz.de/10012760602

A Decade Lost and Found : Mexico and Chile in the 1980s

Bergoeing, Raphael - 2008

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

Outsourcing and Volatility

Bergin, Paul R. - 2007

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

The Role of Bank Restructuring in Recovering from Crises : Mexico 1995-98

Krueger, Anne O.; Tornell, Aaron - 2021

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

Terms of Trade, Exchange Rates and Labor Markets Adjustment in Developing Countries

Edwards, Sebastian - 2021

This paper uses three models of a small open economy to analyze the effects of terms of trade and exchange rate changes (i.e. devaluations) on labor market adjustment. First, a three goods (exportables, importables, non-tradables), four factors model is developed and used to investigate how an...

Persistent link: https://www.econbiz.de/10013234385

The Economics of Labor Coercion

Acemoglu, Daron - 2010

The majority of labor transactions throughout much of history and a significant fraction of such transactions in many developing countries today are "coercive", in the sense that force or the threat of force plays a central role in convincing workers to accept employment or its terms. We propose...

Persistent link: https://www.econbiz.de/10013149827

Labor Market Distortions and Structural Adjustments in Developing Countries

Edwards, Sebastian; Edwards, Alejandra Cox - 2021

The purpose of this paper is to provide a typology of different labor market configurations and investigate how two major structural adjustment policies, namely a trade liberalization reform and the relaxation of capital controls, affect the level of aggregate employment and the rate of...

Persistent link: https://www.econbiz.de/10013246070

When Does Trade Hurt? Market, Transition and Developing Economies

Krishna, Kala; Sahin, Cemile - 2021

This paper argues that labor market distortions in transition and developing economies help explain differential impacts of trade liberalization. We assume that workers differ in ability. In a market economy their earnings depend on their ability. However, earnings are independent of ability due...

Persistent link: https://www.econbiz.de/10013249346

Labor Markets and the Choice of Technology in an Open Developing Economy

Aizenman, Joshua - 2007

This paper highlights economic factors determining the choice of technology andopenness in an intertemporal context in the presence of Institutional constraints Inthe labor market. It considers the case in which a more aggressive - developmentstrategy involves an investment in a modern...

Persistent link: https://www.econbiz.de/10012777169