Este artículo presenta una teoría que analiza la propagación de variantes culturales que inducen la cohesión al interior de la sociedad civil y, por ende, fortalecen la capacidad de un país para resolver problemas de acción colectiva. El modelo combina elementos de la teoría de juegos...

This paper analyzes economic development through a co-evolutionary process where formal institutions linked to the rule of law are transformed jointly with cultural values. This type of dynamic makes possible to attain multiple equilibriums and, hence, economic backwardness is explained by the...

This paper presents a research program that links complexity theory with the study of socioeconomic systems. This approach of the evolutionary paradigm is referred to as sociomatics since it covers different disciplines in the social sciences and makes use of computers to simulate the behavior...

This paper shows that, in the aftermath of the 1995 banking crisis, relational financing was a two-edged sword for firms listed on the Mexican Securities Market. On the negative side, only bank-linked firms observed on average a dependence on cash stock to finance their investment projects. On...

This paper presents a model grounded on game theory with incomplete information to explain some economic events that took place in Mexico during the Echeverría administration. These are the aborted fiscal reform of 1972 and the deterioration in the relationship between the government and the...

This paper studies the consequences of using a dual exchange rate regime as an instrument of fiscal policy. The emphasis is put on economies that depend heavily on oil revenues, such as the Mexican economy.

Introducción. El sistema económico mexicano, como todo sistema, está sustentado por instituciones políticas y económicas. Los actores sociales que se desenvuelven dentro de estas instituciones (o estructuras) tienen comportamientos interdependeintes; es decir, las acciones de unos afectan...

This paper presents a theory of political change that combines structural and strategic elements which determine elites' degree of fragmentation with cultural factors that exert an influence on the cohesiveness of civil society. Therefore, political change is seen as an outcome of modifications...

In this paper an explanation is given of the observed interest rate inelasticity for mortgage demand between 1989 and 1993 in Mexico. The Dual Index Mortgages offered many individuals access to credit and the possibility of having their own housing, with relatively small installments. These...

This essay suggests that the orthodox economic theory is in a quandary because of its poor performance in explaining the international financial crisis that started in 2008. Likewise, it claims that the social complexity theory is a better paradigm to explain socioeconomic phenomena, especially...