The quarterly empirical relationship between Mexican manufacturing labor productivity and salaries 1993-2015 is examined for causality and whether first order labor market equilibrium is evident. An equilibrium would mean salaries and labor productivity are cointegrated. Wages above productivity...

Economic growth and β-convergence of American states 1963–2015 is analyzed adjusting for significant spatial autocorrelation with system-GMM by considering the four Census macro regions individually. The Census regions converged over the last 50 years with both physical and human capital...

The profitability-growth relationship is examined at the sectoral level of the Mexican manufacturing industry. For the theories that explain this connection, business growth drives profitability (classical), profitability explains business growth (evolutionary), or a negative link is a rule...