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...

I evaluate the optimality properties of a two sector market economy consisting of a mass production sector with market power and a competitive sector with small scale production. Adam Smith's results hold: the presence of market power renders production and innovation inefficient, as higher...

Resumen: Un modelo switching aplicado a información de la encuesta ENNViH 2002 evidencia diferencias significativas en la formación de habilidad cognitiva infantil através de los estratos sociales mexicanos. Un pequeño conjunto de variables de política pública y de características...

In this article we set out a methodology for defining compensation policies to reduce inequities according to the theory of the equality of opportunities. We expand Roemer’s approach by studying the determinants of income to find the most efficient compensation policies. We apply this...

In this document we analyze the dynamics of per capita value added in manufacturing as a proxy of per capita income in Mexico’s municipalities and US counties. Specifically we seek to determine if there is convergence (absolute or conditional), divergence or stratification. A dynamic panel...