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Could Mexico become the new 'China'? [electronic resource] : Policy drivers of competitiveness and productivity / Sean Dougherty and Octavio Escobar = Le Mexique en phase de devenir la nouvelle Chine ? : Déterminants institutionnels de la compétitivité et de la productivité / Sean Dougherty et Octavio Escobar.

Author/Creator:
Dougherty, Sean, author
Publication:
Paris : OECD Publishing, 2016.
Format/Description:
Government document
Book
1 online resource (29 pages)
Series:
OECD Productivity Working Papers 24139424 ; no.4.
OECD Productivity Working Papers 24139424 ; no.4
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Other Title:
Le Mexique en phase de devenir la nouvelle Chine ? Déterminants institutionnels de la compétitivité et de la productivité
Subjects:
Economics.
Local subjects:
China, People's Republic. (search)
Summary:
Over the last decade, Mexico's unit labour costs decreased relative to other emerging markets', especially compared to China's. This decrease boosted Mexico's trade competitiveness, particularly in the manufacturing sector. However, Mexico's increasing competitiveness masks one of the country's fundamental concerns, which is the absence of productivity improvements. The aim of this paper is two-fold: first, we examine the evolution of total factor productivity in Mexico's manufacturing sector, as compared to China's. Firm-level data is employed to analyse the distribution and characteristics of productivity across Mexico's regions. Second, using regional data for the period 2005-2012, we study the policy impediments behind sluggish productivity improvements, particularly to determine how labour informality may have contributed. The study takes advantage of Mexico's heterogeneity across regions in terms of productivity, market regulation, financial constraints and firm size to identify economic policies that can help to boost productivity in the future.
Notes:
Title from title screen (viewed May 1, 2017).
Contributor:
Escobar, Octavio.
SourceOECD (Online Service)
Access Restriction:
Restricted for use by site license.