There exists an ongoing debate about the economic impact induced by credit programs, mainly in developing countries. However, it has been less discussed the impact on welfare derived from the ownership of informal or formal credit. In this paper it is studied the impact of credit on the...

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...

Mexico is a highly centralized federation. The states and municipalities are highly dependent on federal transfers and so equally at risk to the country’s fiscal dependence on oil. Although Mexico has become more truly federal since multiparty competition has become vibrant and several states...

Although there exist the conditions and reasons to let Pemex become a trully state owned, commercialy oriented, oil company, in reality Pemex does not behave as such, due to the limitations posed by its legal framework. Such legal framework poses severe limitations to Pemex’s capacity in...

Theft is the major component of crime rates in Mexico City and its reporting remains low and stable even when the budget assigned to federal public security reached an increase of 202.23% in 2006-2010. We develop a utility maximization model that attempts to explain the incentives that...

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...

Mexico is a highly centralized federation. The states and municipalities are highly dependent on federal transfers and so equally at risk to the country’s fiscal dependence on oil. Although Mexico has become more truly federal since multiparty competition has become vibrant and several states...

Although there exist the conditions and reasons to let Pemex become a trully state owned, commercialy oriented, oil company, in reality Pemex does not behave as such, due to the limitations posed by its legal framework. Such legal framework poses severe limitations to Pemex’s capacity in...

We develop the trivariate probit model in which the sample incidentally truncates twice —i.e. in the first and in the second equations—, which is not solved in the literature. The model is analogue to the so called Bivariate Probit with Sample Selection (also referred as Bivariate Probit...

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...