During the last years, Mexico has registered relatively large output falls. The business cycle accounting method of Chari, Kehoe and McGrattan (2007) is applied to the two most recent recessions in Mexico (including the 'Tequila crisis') in order to understand what are the most important wedges...

This paper examines the relationship between exports, productivity, and technological innovation. It first analyzes the causality between the firms’ export behavior and productivity. Unlike other papers using a similar methodology, our results show no evidence of learning by exporting. In...

During the last years, Mexico has registered relatively large output falls. The business cycle accounting method of Chari, Kehoe and McGrattan (2007) is applied to the two most recent recessions in Mexico (including the “Tequila crisis”) in order to understand what are the most important...