In this paper we estimate the competitiveness of the Región Bajío. The overall assessment is that Bajío lacks competitiveness, lagging in both labor productivity and wage levels (a proxy of human capital). However, there are heterogeneous competitive conditions. Only three of the cities and...

This article presents a Monte Carlo EM algorithm to estimate multivariate endogenous switching regression models with censored and/or discrete responses and heteroscedastic errors. Advantages of the algorithm include: (1) it does not require numerical integration; (2) it reduces the estimation...

In this paper, we analyze the electricity generation trend in Mexico. We consider explicitly the technological innovation as the key element in the growth rate of new capacity with lower costs. We find that this rate has not induced lower generation tariffs or lower emissions of noxious wastes,...

We address investment in regulated natural gas pipelines when investment is lumpy and the demand for gas is stochastic. This is a problem that can be solved in theory as a dynamic program, but a practical solution depends on functions and parameters that are either subjective or cannot be...

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...

This paper develops a model of costly information acquisition by agents who are connected through a network. For a exogenously given network, each agent decides first on information acquisition from his neighbors and then, after processing the information acquired, takes an action. Each agent is...

This paper provides a new mechanism on how to overcome transmission expansion in the specific European context. We test the Hogan-Rosellón-Vogelsang (2007) (HRV) incentive mechanism for different network topologies. The HRV mechanism is based on redefining the output of transmission in terms of...

This article outlines the economics of non communicable chronic diseases (NCDs), necessary for designing evidence-based health policies to reduce the prevalence of NCDs. The main risk factors of NCDs are manmade: abuse of alcohol, tobacco, junk food, and lack of exercise. Hence we define an...

The development of economic institutions characterizes economic growth and promotes efficiency. For example, formal credit institutions operate in the credit market in a more efficient way than informal money lenders because they are better in reducing costs associated with financial market...

In this document we analyze the infrastructure and human resources (hospitals, beds, ORs, doctors and nurses, among others), both in the public and the private sector, to determine the installed capacity in the country to meet the potential demand that will be faced in case of universal...