This work analyzes the incidence of mathematical abilities in financial literacy for Mexicans between 15 and 18 years old attending school in Mexico City and the State of Mexico. Our results confirm that the levels of financial literacy are low. Considering the “L&M Focus”, only 6.6% of the...

In this paper we estimate the technical efficiency of Mexican states using several stochastic production frontier models. The empirical section uses panel data over the period 1988-2008. A distinctive feature of the paper is to use socioeconomic and location data in order to control for the...

We develop an incentive contracting model of firm formation. Entrepreneurs of private equity firms who differ in net worth are required to borrow from institutional investors in order to finance start up projects. Investors, who differ in monitoring efficiency, may choose to monitor their...

This document describes some of the methodologies used in economics to analyze the relationship between use of natural resources, poverty and inequality. Data from a representative sample of rural households from the South-southeast region of Mexico are used to illustrate the methodologies as...

The study confirms the existence of a bequest motive, or intergenerational value, closely related to the conservation of forests in poor rural communities with communal forests under logging. A survey with contingent valuation type of questions was applied to the households of two populations...

In this paper we outline the hypothesis that innovation is fundamental to develop and to maintain sustainable economic competitiveness. The underlying premise is that competitiveness of firms, sectors, states, and countries is closely linked to innovation actions as a source of competitive...

This paper studies short-run individual earnings mobility in urban Mexico from 1987 to 2002. It analyzes whether initially advantaged individuals experience more positive earnings mobility than the initially disadvantaged ones. It also studies whether earnings converge over time to their...

The 2008 economic crisis has long-term causes that are rooted in the economic dynamics of globalization. I construct a Solow-style endogenous model of capital accumulation, technological change, trade and cheap-factor-seeking foreign direct investment (FDI), based on myopic agents. Combining...

En este trabajo analizamos si es posible incrementar el ahorro para el retiro por medio de alfabetismo financiero en México. Con información de la Encuesta Nacional de los Niveles de Vida de los Hogares 2005 (ENNVIH-2) construimos un índice de alfabetizo financiero siguiendo la metodología...

We develop a model of competition among socially motivated microfinance institutions (MFIs), where the MFIs offer repayment-based incentive contracts to credit agents. The agents gather information regarding a borrower, and may, or may not collude with the borrower, taking bribes in return for...