Using a classical political economy approach we find aggregate regularities in the patterns of technical change followed by high income and developing countries (mostly from Latin America and Sub Saharan Africa) respectively. Such regularities allow us to propose an alternative definition of...

Using a Minskyian framework, we construct financial fragility indicators from a representative sample of companies listed on the Mexican stock market. Our aggregate empirical analysis shows that the financial fragility in the Mexican stock market was not a feature created by the covid-19...

In conventional economic theories, population is determined outside of the economic system. However, classical political economists such as Adam Smith and Thomas Malthus have long argued for the endogenous determination of population, hence establishing a connection between economics and...

Purpose This paper aims to focus on the distributive implications of trade by studying how manufacturing workers’ relative earnings and employment have changed in post–North American Free Trade Agreement (NAFTA) Mexico (1995-2011). Design/methodology/approach Input–Output analysis and...