Cabral, Rene; Mollick, Andre Varella; Faria, Joao Ricardo - In: Journal of Development Studies 46 (2010) 9, pp. 1523-1542
This paper studies the effects of capital and labor mobility on real wages across Mexican states for the period 1997-2006. Employing dynamic panel data methods, we find: (1) strong positive effects on real wages from foreign direct investment (FDI) and from migration; (2) domestic and foreign...