Monday, January 2, 2012

Two interesting papers today

The first paper is "Catch-up Growth Followed by Stagnation: Mexico, 1950-2010" by Timothy J. Kehoe and Felipe Meza and analyzes the economic history of Mexico from 1877 to 2010. The country grew rapidly from 1950 to 1981, where despite the liberalization of foreign trade and investment growth was stalled by the crises of 1982 and 1995. If Mexico want to resume higher levels today, it needs further reforms.


The second article "The Rise of the Disability UnSustained Rolls in the United States: Causes, Consequences, and Policy Options" by David H. Autor analyzes the feasibility, lack of efficiency and the challenges of the Social Security Disability Insurance program (SSDI).




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