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Journal Article
Maquiladora recovery: lessons for the future
Journal Article
Workers' remittances to Mexico
Working Paper
Did NAFTA really cause Mexico's high maquiladora growth?
Although Mexico's maquiladora or in-bond plant system is an important and well-recognized component of Mexico-U.S. trade, the connection between the acceleration in maquiladora growth and NAFTA is less clearly understood. A broad cross-section of maquiladora observers - including journalists, political activists, industry analysts, and professors -- argue that Mexico's maquiladoras have been strongly influenced by NAFTA and have grown rapidly as a result. There are reasons to wonder if these conjectures are correct. I test for the contribution of NAFTA to fluctuations in maquiladora ...
Journal Article
Banking industry evolution along the Texas-Mexico border
Journal Article
Trade conference explores U.S.–Mexico 'common bonds'
The El Paso Branch of the Federal Reserve Bank of Dallas held a daylong conference, ?U.S.?Mexico Manufacturing: Common Bonds,? in November 2010 to assess the future of U.S.?Mexico trade in manufactured goods following the global recession. Speakers reviewed the prospects for bilateral trade and Mexico?s maquiladora plants, which typically take inputs from the U.S. and assemble them into products for export back to the U.S.
Working Paper
Limited enforcement and the organization of production
This paper describes a dynamic, general equilibrium model designed to assess whether contractual imperfections in the form of limited enforcement can account for international differences in the organization of production. In the model, limited enforcement constrains some agents to operate establishments below their optimal scale. As a result, economies where contracts are enforced more efficiently tend to be richer and emphasize large scale production. Calibrated simulations of the model reveal that these effects can be large and account for a sizeable part of the observed differences in ...
Working Paper
Production sharing and real business cycles in a small open economy
Production sharing and vertical specialization account for a significant share of trade between developed and developing countries. The Mexican maquiladora industry provides an ideal example of production sharing in a small open economy. The typical "maquila" imports most of its inputs from and exports all its output to the United States.> ; This article tries to determine to what extent production sharing, as in the Mexican maquiladora, can serve as a transmission mechanism of business cycles in small open economies. We utilize a simple two-sector small open economy model of real business ...
Journal Article
Maquiladora industry: past, present and future
Journal Article
Midyear update: major metros driving Texas expansion