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"Like the rest of the poor periphery, Mexico had to deal with de-industrialization forces between 1750 and 1913, those … such huge dimensions. Yet, from independence to mid-century Mexico did better on this score than did most countries around …, and to those attributable to domestic forces specific to Mexico. It uses a neo-Ricardian model (with non …
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We present cross-country evidence that a country's macroeconomic volatility, measured either by the standard deviation of output growth or the occurrence of trend-growth breaks, is significantly affected by the country's historical variables. In particular, countries with longer histories of...
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