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Capital Flows and Trade in Mexico: A Model of Institutional Dynamics

Author

Listed:
  • John Harvey

    (Department of Economics, Texas Christian University)

Abstract

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.

Suggested Citation

  • John Harvey, 2004. "Capital Flows and Trade in Mexico: A Model of Institutional Dynamics," Working Papers 200401, Texas Christian University, Department of Economics.
    • Handle: RePEc:tcu:wpaper:200401
    as

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    File URL: http://www.econ.tcu.edu/RePEc/tcu/wpaper/wp04-01.pdf
    File Function: First version, 2004
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    References listed on IDEAS

    as
    1. John T. Harvey & Kristin Klopfenstein, 2001. "International Capital and Mexican Development: A System-Dynamics Model," Journal of Economic Issues, Taylor & Francis Journals, vol. 35(2), pages 439-449, June.
    2. Charles K. Wilber & Robert S. Harrison, 1978. "The Methodological Basis of Institutional Economics: Pattern Model, Storytelling, and Holism," Journal of Economic Issues, Taylor & Francis Journals, vol. 12(1), pages 61-89, March.
    3. Michael J. Radzicki, 1988. "Institutional Dynamics: An Extension of the Institutionalist Approach to Socioeconomic Analysis," Journal of Economic Issues, Taylor & Francis Journals, vol. 22(3), pages 633-665, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Mexico; income inequality; computer simulation;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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