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Price and rate regulations for the Mexican natural gas industry: comments on policy decisions
(Centro de Investigación y Docencia Ecónomicas, 1998)
After the regulatory reform experienced in the Mexican gas sector, three areas with market power remained. Production is a legal monopoly of Pemex. Transportation and distribution are natural monopolies. Distributor’s gas ...
Productividad en grandes y pequeños establecimientos con distintas intensidades en la utilización de insumos
(Centro de Investigación y Docencia Ecónomicas, 1998)
La intención del presente trabajo es analizar los cambios en la productividad de la industria mexicana tomando como punto de partida las disparidades entre las empresas por su tamaño y por la intensidad en el uso de los ...
Conditional transfers to promote local government participation in Mexico
(Centro de Investigación y Docencia Ecónomicas, 1998)
Mexico is a very centralized country mainly as a result of the involvement of the federal government (FG) in functions that would be more efficiently provided by subnational governments (SG). The concentration of activities ...
The role of public infrastructure capital in Mexican economic growth
(Centro de Investigación y Docencia Ecónomicas, 1998)
This paper develops and empirically implements a neoclassical growth model in which output depends on private capital and human capital as well as the quantity, means of financing, and efficiency of use of public capital. ...
Financial market regulation, imperfect capital markets, and industrial concentration: Mexico in comparative perspective, 1830-1930
(Centro de Investigación y Docencia Ecónomicas, 1998)
This article argues that there is a strong relationship between the efficiency with which a country mobilized capital for industrial development and the industrial structure that country developed. Differences in capital ...
Conditional indexation bias in yields reported on inflation-indexed securities with special reference to UDIBONOS and TIPS
(Centro de Investigación y Docencia Ecónomicas, 1998)
The real rate of return on inflation-indexed government securities is calculated and published as if indexation succeeded perfectly in keeping the real value of coupon and principal payments unchanged. In fact the procedure ...
El papel de la estrategia cambiaria en el comportamiento económico de países en desarrollo: evidencia para 1997
(Centro de Investigación y Docencia Ecónomicas, 1998)
Examinamos el efecto de diferentes regímenes de tipo de cambio sobre el comportamiento económico de 16 países en desarrollo durante 1997. Mientras los déficit de la cuenta corriente son un buen pronóstico del grado subsecuente ...
Exchange rate policy credibility in Mexico, 1991-1994
(Centro de Investigación y Docencia Ecónomicas, 1998)
An econometric examination of interest rate differentials reveals the existence of a significant relationship between the level of Exchange rate policy credibility in Mexico during 1991-1994, and the country’s macroeconomic ...