Capital Flows and Trade in Mexico: A Model of Institutional Dynamics
This paper builds a system-dynamics model of the Mexican economy and tests several propositions regarding policy and income inequality. It concludes, among other things, that one of the most significant developments over the past twenty years has been the declining wage paid to those in the manufacturing export sector. As a consequence, policies aimed at increasing developing states participation in the internationalization of production have been less helpful than supposed.
|Date of creation:||Jan 2004|
|Date of revision:|
|Publication status:||Published in International Journal of Development Issues, June 2004, pages 1-28|
|Contact details of provider:|| Web page: http://www.econ.tcu.edu/|
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