Este capítulo comienza por describir la situación actual de las finanzas públicas en México, para luego discutir en la sección subsecuente sus perspectivas en un futuro próximo, de seguir el régimen tributario y los patrones de gasto público que prevalecen actualmente. El resto del...

This paper compares the evolution of income (GDP per capita) with utility derived welfare indices for two Mexican regions from 1992-2000. A methodology is proposed based on implicit true standard of living indices. Results show that welfare dynamics differed between regions and varied...

We propose self-employment as an explanation for the observed reduction in inequality occurring after the Mexican economic crisis of 1995. The evidence appears as a contradiction to the labour-hoarding hypothesis, which states that inequality was expected to increase because the only asset of...

Who are the self-employed in rural Mexico? This paper tries to answer that question with special emphasis on the role of human capital in self-employment decisions. The model presented suggests that the need for leisure/flexibility may have a driving effect once the household framework is...

This paper characterizes a class of multivariate distributions that includes the multinormal and is contained in the exponential family. The wide range of possible applications of these distributions is suggested by some of the characteristics germane to them: First, they maximize Shannon's...

This note warns about the careless computation of poverty indexes when the welfare of each household is measured by its net income, since this can be negative. As is illustrated in the case of Mexico, even if only a handful of households report negative incomes, the resulting poverty aggregates,...

This document analyzes the effects of recent oil shocks on the economies of Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua. The general results are as follows. First, oil demand responded elastically to economic activity, and was almost perfectly inelastic to its...

The purpose of this paper is to make an appraisal of the tax reforms that took place in Mexico in the eighties and the beginning of the nineties, putting emphasis on their macroeconomic consequences. The paper also examines the pattern of government expenditures along the last three presidential...

This paper provides omnibus tests for multivariate normality of both observations and residuals. They are derived by considering as the alternatives to the multivariate normal a class of maximum-entropy distributions studied elsewhere by the author. The tests, being Lagrange multiplier...

This paper proposes a new real exchange rate index for the Mexican economy. Unlike the methodology currently being employed by the Bank of Mexico, the new index reflects the changing patterns of trade between the country and the rest of the world. The index is calculated on a quarterly basis...