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The Economy in its Labyrinth: A Structuralist View of the Mexican Economy in the 21st Century

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  • Monroy-Gómez-Franco, Luis A.

    (Department of Economics, University of Massachusetts, Amherst, MA)

Abstract

In this paper, I analyze the performance of the Mexican economy during the two decades of the 21st century. I focus on the aggregate and sectoral dynamics of the economy to understand the underlying dynamics behind the aggregate performance of the economy. With these results in mind, I analyze the changes and continuities in the conduction of macroeconomic and labor market policy with the arrival of a new administration in 2018. The goal of analyzing both elements is to provide an integrated view of the situation in which the Mexican economy will face three structural challenges: the medium and long-run effects of the COVID-19 pandemic, the integration of artificial intelligence into the production process, and climate change.

Suggested Citation

  • Monroy-Gómez-Franco, Luis A., 2024. "The Economy in its Labyrinth: A Structuralist View of the Mexican Economy in the 21st Century," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 77(2), pages 181-206.
    • Handle: RePEc:ris:ecoint:0968
    as

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    References listed on IDEAS

    as
    1. Raymundo M. Campos-Vazquez & Luis F. Lopez-Calva & Nora Lustig, 2015. "Declining Wages for College-Educated Workers in Mexico: Are Younger or Older Cohorts Hurt the Most?," Working Papers 1522, Tulane University, Department of Economics.
    2. Carlos A. Ibarra, 2020. "Real exchange rate and relative profit margins: Evidence from non-linear ARDL models for Mexico," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 29(4), pages 373-398, May.
    3. David H. Autor & Frank Levy & Richard J. Murnane, 2003. "The skill content of recent technological change: an empirical exploration," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.
    4. Luis Monroy‐Gómez‐Franco & Paloma Villagómez‐Ornelas, 2024. "Stratification economics in the land of persistent inequalities," American Journal of Economics and Sociology, Wiley Blackwell, vol. 83(1), pages 157-175, January.
    5. François Cohen & Antoine Dechezleprêtre, 2022. "Mortality, Temperature, and Public Health Provision: Evidence from Mexico," American Economic Journal: Economic Policy, American Economic Association, vol. 14(2), pages 161-192, May.
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    9. Campos-Vazquez, Raymundo M. & Esquivel, Gerardo, 2021. "The effect of doubling the minimum wage on employment and earnings in Mexico," Economics Letters, Elsevier, vol. 209(C).
    10. Campos-Vazquez Raymundo M. & Delgado Victor & Rodas Alexis, 2020. "The effects of a place-based tax cut and minimum wage increase on labor market outcomes," IZA Journal of Labor Policy, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 10(1), pages 1-24, March.
    11. Campos Vázquez, Raymundo Miguel & Rodas Milián, James Alexis, 2020. "El efecto faro del salario mínimo en la estructura salarial: evidencias para México," El Trimestre Económico, Fondo de Cultura Económica, vol. 87(345), pages 51-97, enero-mar.
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    More about this item

    Keywords

    Shift-Share Analysis; COVID-19; Automation;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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