A STOCHASTIC WALK DOWN MEXICO’S MESOAMERICAN FRONTIER, 1990-2011
Gregory Brock () and
Applied Econometrics and International Development, 2015, vol. 15, issue 2, 99-114
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.
Keywords: Border Economy; Municipios; Efficiency. (search for similar items in EconPapers)
JEL-codes: O18 O47 R11 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eaa:aeinde:v:15:y:2015:i:2_8
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