Wiechers, Jorge Ludlow - In: Revista de Analisis Economico – Economic Analysis Review 28 (2013) 1, pp. 65-90
Manufacturing exhibits nonlinear trends in production levels, one being an active state and the other a passive state. We use a Markov model to estimate these two states, which are tied to United States imports of Mexican products. A regression is made in order to estimate whether there is an...