A Stochastic Walk Down Mexico’S Mesoamerican Frontier, 1990-201
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Gregory Brock [1] ; Constantin Ogloblin. [1]
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[1] Georgia Southern University
Georgia Southern University
Estados Unidos
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- Localización: Applied econometrics and international development, ISSN 1578-4487, Vol. 15, Nº. 2, 2015, págs. 99-114
- Idioma: inglés
- Enlaces
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Resumen
Local economic growth 1990-2011 along Mexico’s southern border is analyzed using a stochastic production function with subject-specific fixed effects and the convergence literature. An underlying Translog technology fits the data well with excess physical capital and labor evident. Local border economies converged following a neoclassical growth paradigm though growth in total factor productivity was negative due to diseconomies of scale. Mean technical efficiency is quite low (31%) with relatively lower efficiency on the Mexican side of the frontier. A greater focus on the economic development of municipios located directly on either side of the border is suggested along with investments designed to improve technical change.
