The paper explores the influences of financial development on economic growth and its volatility. First, it discusses the theoretical literature that attempts to explain these relationships. Then, it presents time series evidence for the cases of Mexico and the US. We use GARCH models, which...

In this paper we study the process of economic growth and convergence in Central America over the period 1960-2000. We specify a dynamic panel data model with fixed effects and evaluate the impact of the factors typically considered in the empirical growth literature, including human capital and...

In this article, we evaluate the relationship and the interaction between financial development, grades of cooperation, in terms of trust and reciprocity, and participation in social networks of the members of a savings and loan association. We used exchanged money quantities according to the...

In Mexico, the electricity sector is one of the most important for the economy. It is a crucial input for the industry. The standard of living of the mexican population depends on the access to electricity. This relevance has generated, since former Mexican President Ernesto Zedillo’s proposal...

The legacy of Adam Smith leads to a false confidence on the optimality of laissez faire policies for the global market economy. Instead, the polarized character of current globalization deeply affects both developed and underdeveloped economies. Current globalization is characterized by factor...

This paper identifies one of the main determinants of the dynamics in employment. NAFTA has not benefited substantially the conditions for economic growth and, consequently, the opportunities for new employment. Contrary to expectations, the analysis reveals lower importance for manufacturing in...

The purpose of this work is to get some basic facts from the interaction between economic growth, age structure, macroeconomic environment and growth, taking into account the heterogeneity of both the demographic structure and the levels of development in the world. First we discuss the...

In Mexico, the electricity sector is one of the most important for the economy. It is a crucial input for the industry. The standard of living of the mexican population depends on the access to electricity. This relevance has generated, since former Mexican President Ernesto Zedillo’s proposal...

Although the literature about economic growth began to boom in the 1990s, this has not meant that a consensus has been reached about recommendations, much less in the view of the Mexican public. The aim of this article is to analyze different countries’ growth experiences, particularly in the...