Texas border areas face a variety of economic challenges. In today's labor markets, income performance depends increasingly on productivity, which is primarily a function of educational attainment. To examine the extent to which education influences border region incomes, a cross-section...

Utilizing a unique sample of 253 microenterprise border retailers from El Paso, Texas, this paper explores the possibility of cash payment from cross-border shoppers using Mexican pesos. We find that one-fifth of microenterprise retailers in El Paso accept payment in Mexican pesos. Increased...

This research analyzes short-run payroll dynamics associated with the maquiladora export sector of Reynosa, Tamaulipas, Mexico. Parameter estimation is carried out using linear transfer function ARIMA analysis. In contrast to other metropolitan economies for which similar econometric analyses...

The literature concerning bilateral trade flows between Mexico and the United States is comparatively small. With the growing importance of international commerce between these economies, potential trade flow responses to changes in relative prices and income performance deserves more attention....

An ongoing and difficult policy issue confronting monetary .authorities in many developing economies is how to maintain stable prices. Unstable prices create uncertainty, lower investment, and raise costs of doing business, thus lowering rates of growth. As a result, when a country, it is...

This paper examines changes in intra-industry trade, IIT, in manufactured goods between the US and Mexico over the first five years of the North American Free Trade Agreement. Most industries experienced large increases in, IIT. An examination of various indexes of intra-industry specialization...

This paper focuses on actively managed portfolios of VIX derivatives constructed to reduce portfolio correlation with the equity market. We find that the best results are obtained using Kalman filter-based dynamic CAPM. The portfolio construction method is capable of constructing zero-beta...

Studies that estimate the Phillips curve for the U.S. use mainly national-level data and find mixed evidence of nonlinearity, with some recent studies either rejecting nonlinearity or estimating only modest convexity. In addition, most studies do not make a distinction between the relative...

This paper studies the e ffects of oil producing countries' fuel subsidies on the oil market and the world economy. We identify 24 oil producing countries with fuel subsidies where retail fuel prices are about 34 percent of the world price. We construct a two-country model where one country...