The paper studies the effects of the real exchange rate (RER) on capital accumulation in Mexico in the period since the late 1980s. By testing for the existence of potential asymmetries, the paper seeks to clarify some of the controversies surrounding the subject. It shows the RER’s long-run...

"Series of papers assessing Mexico's recent macroeconomic performance. Chapters cover the process of adjustment from the crisis of 1982 to 1992, the potential of the agricultural sector, structural problems in manufacturing, the service sector, and problems of semi-industrialized economies...

This paper studies the decline of the labour share in Mexico during the period 1990-2015. It calculates the wage share and alternative measures of the labour income share (which includes labour income of the self-employed) for the whole economy, the private business sector, and its major...