We address the role that deep, structural factors may have as determinants of Mexico's economic growth. We argue that … Mexico's poor growth performance appears to be associated not only with shorter-run events such as the "lost decade" of the … eighties, but also with supply-side features of the economy that have been present for at least four decades. Mexico's low …

' productivity. This effect is larger for those firms with access to bank credit and investment opportunities than for firms that … only have either investment perspectives or bank credit. The potential problem of endogeneity in the empirical estimates is …

estimates, and evaluate the impact of the trade liberalization that took place in Mexico in the period 1984-1990 on the …