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Informal or formal regulation: what works for toxics emitting industries in Mexico?
(Centro de Investigación y Docencia Económicas, División de Economía, 2017)
In this paper, we study whether formal regulatory pressure as opposed to informal community pressure are predominant factors in determining environmental compliance. Our sample of 2 889 major toxics releasing industries ...
Purchasing power parity in Mexico since 1933
(Centro de Investigación y Docencia Económicas, 2017-06-02)
A new approach to cointegration developed by Enders et al. (Cointegration tests using instrumental variables with an example of the U.K. demand for money. Unpublished working paper. http://wenders.people.ua.edu/time-seri ...
Changes in rural poverty in Perú 2004–2012
(Centro de Investigación y Docencia Económicas, 2017-01-30)
This paper disaggregates the various sources of rural income growth in Peru between 2004 and 2012 and shows that about 80% of the increase came from rising earnings and only 15% from transfer programs. This increase in ...
A dynamic factor model for the Mexican economy: are common trends useful when predicting economic activity?
(Centro de Investigación y Docencia Económicas, 2017-09-15)
In this paper we propose to use the common trends of the Mexican economy in order to predict economic activity one and two steps ahead. We exploit the cointegration properties of the macroeconomic time series, such that, ...
Complejidad, competitividad e innovación en los estados mexicanos: la urgencia de una política industrial integral y diferenciada
(Centro de Investigación y Docencia Económicas, División de Economía, 2017)
En este trabajo se buscó demostrar que la competitividad de empresas, sectores, estados y países en el largo plazo, guardan estrecha relación con las buenas prácticas de innovación en el presente y con el desarrollo que ...
Interest rate pass-through in the Dominican Republic
(Centro de Investigación y Docencia Económicas, 2017-04-05)
A well-functioning monetary transmission mechanism is critical for monetary policy. As the Dominican Republic recently adopted an inflation targeting regime, it is even more relevant to guarantee that changes in the monetary ...
The rise and fall of income inequality in Chile
(Centro de Investigación y Docencia Económicas, 2017-02-13)
This paper presents evidence on a rise and fall in income inequality in Chile during the past two decades. We show that income inequality rises from 1990 to 2000 and then falls from 2000 to 2011. We perform simple but ...
The technology gradient in the market economy
(Centro de Investigación y Docencia Económicas, División de Economía, 2017)
Technological creation and mass production are usually associated with large-scale production, while technological absorption is found more often in small-scale competitive firms. Thus, the link between the innovative and ...