Andre Varella Mollick



Professor of Economics



University of Texas-Pan American (UTPA)

Department of Economics and Finance

College of Business Administration (COBA)

BA, Office Number 131C

1201 W. University Drive, Edinburg, TX, 78539-2999, USA.

Phone:  (956) 665 - 2494.

Fax: (956) 665 - 5020.



Ph.D.  in Economics (University of Tsukuba, Japan, 1996).

Doctoral Program in Policy and Planning Sciences. Dissertation Title: “Four Essays on the Empirical Open Economy: On Exchange Rates and the Current Account.”

MSc.  in Economics (University of Tsukuba, Japan, 1994).

BA in Economics (University of Brasilia, Brazil, 1987).




 Past Academic Position:

Director of the Ph.D. Program


Courses Teaching (Summer of 2010):
Courses Teaching (Spring of 2010):

   Homeworks - Part I (Intro and Consumer Theory)

   Homeworks - Part II (Producer Theory)

   Homeworks - Part III (Markets)

   Homeworks - Part IV (Monopoly and Monopolistic Competition)

   Review Questions


Courses Taught in the Past:  

Publications in Journals:

51. Border Region Panel Evidence on PPP Deviations, Applied Economics, 2012, forthcoming. (With Thomas Fullerton Jr.).


50. The Impact of Chinese Purchases of U.S Government Debt on the Treasury Yield Curve, Global Economy Journal, 2011, 11 (4), Article 3. (With Radhames Lizardo).


49. Convergence Rates to Output Growth in a Global World: The Roles of Openness and Government Size, International Trade Journal, 2012, forthcoming. (With René Cabral-Torres).


48. Financial Globalization and Stock Market Risk, Journal of International Financial Markets, Institutions & Money, 2012, 22 (1): 87-102. (With Omar Esqueda and Tibebe Assefa).


47. Do Central Banks Affect Tobin’s q?, International Review of Economics and Finance, 2012, 22 (1): 1-10. (With João R. Faria, Adolfo Sachsida, and Le Wang).
46."Income Inequality in the U.S.: The Kuznets's Hypothesis Revisited" (2012) Economic Systems, forthcoming.
45. "Carry-Trades on the Yen and the Swiss Franc: Are they Different?" (2012) Journal of Economics and Finance, forthcoming. (With Tibebe Assefa).
44. "Does Inflation Targeting Matter for Output Growth? Evidence from Industrial and Emerging Economies" (2011) Journal of Policy Modeling, 33: 537-551. (With Rene Cabral Torres and Francisco G. Carneiro).
43. "Mexico's Regional Output Convergence after NAFTA: A Dynamic Panel Data Analysis" (2012) Annals of Regional Science, forthcoming. (With Rene Cabral Torres).
42. "Government Size and Output Growth: The Effects of 'Averaging Out' " (2011) Kyklos, 64 (1): 122-137. (With Rene Cabral Torres).
41. "Financial Dependence of Mexican Border Municipalities" (2010) Journal of Borderlands Studies 25 (3 & 4):64-86. (With Jorge Ibarra Salazar).
40. "Currency Crisis and the Forward Discount Bias: Evidence from Emerging Economies under Breaks" (2010) Journal of International Financial Markets, Institutions & Money 20 (5): 556-574. (With Shuming Bai).
39. "The World Elasticity of Labor Substitution across Education Levels" (2012) Empirical Economics, 41 (3): 769-785.
38. "The Impact of Higher Education on Texas Population and Employment Growth" (2012) Annals of Regional Science, forthcoming. (With Marie T. Mora).
37. "Tobin's q and U.S. Inflation" (2010)  Journal of Economics and Business 62: 401-418. (With João R. Faria).
36. "Capital and Labor Mobility and their Impacts on Mexico's Regional Labor Markets" (2010) Journal of Development Studies 46 (9): 1523-1542. (With Rene Cabral Torres and João R. Faria). Downloadable WP Version

35. "The Sustainability of the U.S. Current Account Deficit: Revisiting Mann's Rule" (2009) Global Economy Journal, 9 (4): Article 4. (With Radhames Lizardo).

34. "Oil Price Fluctuations and U.S. Dollar Exchange Rates" (2010) Energy Economics, 32: 399-408. (With Radhames Lizardo).

33. "Do Foreign Puchases of U.S. Stocks Help the U.S. Stock Market?" (2009) Journal of International Financial Markets, Institutions & Money 19: 969-986. (With Radhames Lizardo).

32. "Crisis and Volatility in Asian versus Latin American Real Exchange Rates: 1976 to 2006" (2009) Economie Internationale117: 5-29.

31. "The Effect of Oil Price on China's Exports" (2009) Chinese Economic Review20: 793-805. (With João R. Faria, Pedro H. Albuquerque and Miguel A. León-Ledesma).

30. " Intra-Industry Trade Effects on Mexican Manufacturing Productivity before and after NAFTA" (2011) The Journal of International Trade & Economic Development 20 (1): 87-112. (With Rene Cabral Torres). Downloadable WP Version

29. "Can Latin America Prosper by Reducing the Size of Government?" (2009)  The Cato Journal 29 (2): 247-266. (With Radhames Lizardo). Downloadable WP Version

28. "The Employment Responses at Mexican Maquiladoras: The Effects of External Factors" (2009) World Development 37 (7): 1285-1296.  

27. "Productivity Effects of Mexican Manufacturing Employment" (2009)  North American Journal of Economics and Finance 20: 66-81. (With Rene Cabral Torres). Downloadable WP Version

26. "Human Capital Development, War, and FDI in Sub-Saharan Africa" (2009) Oxford Development Studies 37 (1): 47-61. (With Adil Suliman).  Downloadable WP Version

25. “The Rise of the Skill Premium in Mexican Maquiladoras” (2008) Journal of Development Studies 44 (9): 1382-1404. Downloadable WP Version

24. "Can Globalization Stop the Decline in the Terms of Trade? The Prebisch-Singer Hypothesis Revisited" (2008) Cambridge Journal of Economics 32 (5): 683-701. (With João R. Faria, Pedro H. Albuquerque and Miguel A. León-Ledesma). Downloadable WP Version

23. "Convergence in Eastern Caribbean States" (2008) Annals of Regional Science 42 (4): 893-909. (With Emiliano Giudici). Downloadable WP Version

22. "Capital and Labor in the Long-Run: Evidence from Tobin's q for the U.S." (2010) Applied Economics Letters 17: 11-14. (With João R. Faria). Downloadable WP Version

21. "Common Nonlinearities in Long-Horizon Stock Returns: Evidence from the G-7 Stock Markets" (2008)  Global Finance Journal 19: 19-31. (With Sei-Wan Kim & Kiseok Nam). Downloadable WP Version

20. "Relative Wages, Labor Supplies and Trade in Mexican Manufacturing: Evidence from Two Samples" (2008) The Journal of International Trade & Economic Development 17 (2): 213-241. Downloadable WP Version

19. "The Impact of Japanese Purchases of U.S. Treasuries on the U.S. Dollar/Yen" (2008) Global Economy Journal  8 (1), Article 4. (With Gokce Soydemir). Downloadable WP Version

18. “What Explains Unemployment in U.S.-Mexico Border Cities?” (2008) Annals of Regional Science 42 (1): 169-182. Downloadable WP Version

17. "Random Walks and Half-Lives in Chilean and Mexican Peso Real Exchange Rates: 1980-2003" (2007) Journal of Applied Economics X (1): 185-211. Downloadable WP Version

16. “Inventory Control in the Japanese Vehicle Industry” (2007) International Journal of Technology, Policy and Management 7 (1): 32-48. Downloadable WP Version

15. "The Growth of Texas Counties in the 1990s: The Roles of County Size and Industry Clusters" (2006) Review of Regional Studies 36 (1): 87-120. Downloadable WP Version

14. "Mexican Northern Border Municipalities, Financial Dependence and Institutions" (2006) Annals of Regional Science  40: 859-874. (With Jorge Ibarra Salazar). Downloadable WP Version

13. “Local Labor Markets in U.S.-Mexican Border Cities and the Impact of Maquiladora Production” (2006) Annals of Regional Science 40: 95-116. (With Abigail Cortez Rayas and Rosa Angelica Olivas Moncisvais). Downloadable WP Version

12. “Chinese Competition and its Effects on Mexican Maquiladoras” (2006) Journal of Comparative Economics 34: 130-145 (With Karina Wvalle Vázquez). Downloadable WP Version

11. “Infrastructure and FDI Inflows into Mexico: A Panel Data Approach” (2006) Global Economy Journal 6 (1): Article 6 (With René Alberto Ramos Durán and Esteban Silva Ochoa). Downloadable WP Version

10. “The Nominal Theory of Interest under Habit Formation: Evidence for the U.S., 1959-2002” (2004) North American Journal of Economics and Finance 15: 333-354 (With João R. Faria). Downloadable WP Version

9. "Production Smoothing in the Japanese Vehicle Industry" (2004) International Journal of Production Economics 91 (1): 63-74.

8. “The Mexican Peso and the Korean Won Real Exchange Rates: Evidence from Productivity Models” (2004) Journal of Economic Development 29 (1): 189-208 (With Margot Quijano).

 7. “Employment Determination at Mexican Maquiladoras: Does Location Matter?” (2003) Journal of Borderlands Studies 18 (2): 45 -67.

6. "Real Exchange Rates and Target Interest Rates in a Simple VAR Model" (2003) Portuguese Economic Journal 2: 195-218.

15. "Real Exchange Rate Shocks on Tradables, Nontradables, and the Current Account: Mexico, 1980-2000" (2003) Empirical Economics 28: 615-638.

4. "Effects of U.S. Interest Rates on the Real Exchange Rate in Mexico" (2002) Economics Bulletin  6: 1-15.

3. "Current Account and Fiscal Policy in Japan: 1885 - 1991" (1999) Open Economies Review 10: 185-201.

2. "The Real Exchange Rate in Brazil: Random-Walk or Mean Reversion in the Long-Run?" (1999) International Review of Economics and Finance 8: 115-126.

1. "Urbanization, Economic Growth, and Welfare" (1996) Economics Letters 52:109-115 (With João R. Faria).

Publications in Local Journals (Mexico and Brazil):

6. "An Empirical Examination of Firearm Users in Brasilia, DF" (2010) Economia Aplicada, forthcoming (With Adolfo Sachsidaand Mario Jorge Cardoso de Mendoça).

5. "Fiscal Illusion and Local Government Spending in Mexico: 1975-2000" (2008) Planejamento e Politicas Publicas 31: 21-36 (With Jorge Ibarra Salazar).

4. "Externalidades de las Exportaciones en la Produccion Manufacturera en Mexico" (2004) Comercio Exterior 54 (8): 681-689 (With Jose de Jesus Salazar).

3. "Dependencia Financiera de los Municipios Mexicanos: Determinantes Regionales e Institucionales" (2004) Comercio Exterior 54 (8): 690-702 (With Jorge Ibarra Salazar).

2. "The Stability of Money Demand Functions: Mexico, 1986-2002" (2003) Revista Brasileira de Economia de Empresas 3 (3), September-December: 63-89.

1. "Las Importaciones Mexicanas y el Tipo de Cambio: El Papel de las Expectativas, 1985-2000" (2002) Momento Economico 122: 20-31 (With Jose Urciaga Garcia).


Book Reviews (invited review requests):

Completed Book Review for Journal of Regional Science.

Publications in Books (invited articles):

3. "Comparing U.S.-Mexican Border Unemployment Rates to Non-Border Large MSAs" (2009), in: Marie T. Mora and Alberto Dávila (editors), Labor Market Issues along the U.S.-Mexico Border. The University of Arizona Press, Tucson, U.S., 190-198.

2. "Panel Data Analysis of Maquiladora Employment" (2006), in: Martha Patricia Barraza de Anda and Thomas M. Fullerton Jr. (editors), Basic Border Econometrics. Universidad Autónoma de Ciudad Juárez: Ciudad Juárez, Chihuahua, Mexico, 162-182.

1. "Relative Wages and Trade in a Growing Small Open Economy: Mexico, 1987-1995" (2002), in: João Faria and Amnon Levy (editors), Economic Growth, Inequality and Migration. Edward Elgar: Chelteham, U.K.; Northampton, U.S.A., 291-309. 

Publications in Special Collections (invited articles):

2. "Lucas Critique" (2008), in: Darity, William A., Jr. (editor in chief), International Encyclopedia of the Social Sciences, 2nd. edition. 9 vols. Detroit: Macmillan Reference USA. 

1."Adaptive Expectations" (2008), in: Darity, William A., Jr. (editor in chief), International Encyclopedia of the Social Sciences, 2nd. edition. 9 vols. Detroit: Macmillan Reference USA.


Publications in Proceedings of International Conferences:

1. "Leaning Against the Wind: Does it Explain Anomalies in Foreign Exchange Markets?" (1996), in: Denise Dimon, Irene Gutiérrez Tomlinson and Susan Nichols (editors), Competitiveness in International Business and Trade, Volume I, Texas A&M University, Laredo, USA, 169-186. 

Working Papers
15. "Does Globalization Affect Top Income Inequality?", November of 2011. (With René Cabral and Rocío García-Díaz).
14. "Output Growth and Unexpected Government Expenditures", October of 2011. (With Diego Escobari).
13. "Productivity Effects on the Wage Premium of Mexican Maquiladoras", July of 2011. (With Jorge Ibarra Salazar).
12. "U.S. Stock Returns and Oil Prices: The Tale from Daily Data and the 2008-2009 Financial Crisis", July of 2011. (With Tibebe Assefa).
11. "Migration and Capital Mobility in Mexico after NAFTA: Do they Affect Output and Wage Convergence?", June of 2011. (With René Cabral-Torres and João R. Faria).
10. "Personal Bankruptcy Filings in the U.S.-Mexico Border Counties", May of 2011. (With Chintal A. Desai).
9. "Adoption of the Gold Standard and Real Exchange Rates in the Core and Periphery, 1870-1913", (2010) Department of Economics & Finance, University of Texas – Pan American.
8. "Did the U.S. Treasury’s Capital Purchase Program (CPP) Help Bank Lending?", August of 2010. (With Peter Egly).


7. "Urbanization and Financial Dependency of Mexican Municipalities", July of 2009. (With Jorge Ibarra Salazar).

6. "A Study of the U.S.-Mexico Border Earnings Penalty between 2000 and 2005" (2007) Department of Economics & Finance, University of Texas – Pan American. (With Marie T. Mora and Alberto Dávila).

5. “The Gender Earnings Gap among Mexican Immigrants along the U.S.-Mexico Border” (2007) Department of Economics & Finance, University of Texas – Pan American. (With Marie T. Mora and Alberto Dávila).

4. “The Price Puzzle under Changing Monetary Policy Regimes” (2008) Department of Economics & Finance, University of Texas – Pan American. (With Adolfo Sachsida).

3. "Housing Starts and New Home Sales across U.S. Regions" (2008) Department of Economics & Finance, University of Texas – Pan American. (With Carlos Vargas-Silva).

2. "Relative Wages, Skill Upgrading and Export Intensity in Mexican Manufacturing: 1987-1995" (2006) Department of Economics & Finance, University of Texas – Pan American.
1. "Policy Rules and Time-Varying Parameters for the Pound, the Yen, and the Mark", August of 2002.
   Working Paper in Policy Series :
Does Inflation Targeting Matter for Output Growth? Evidence from Industrial and Emerging Economies. (With René Cabral-Torres and Francisco G. Carneiro) appeared as: World Bank Working Policy Paper (WP # 4791) in December of 2008.
Refereeing  Activities for Journals
American Journal of Agricultural Economics,Applied Economics*, Bulletin of Economic Research, Contemporary Economic Policy*, Eastern Economic Journal*, Economia Aplicada*, El Trimestre Económico, Emerging Markets Finance and TradeEmpirical Economics, Energy Economics*, Estudios Economicos*, European Journal of Operational Research, The Financial ReviewGlobal Economy Journal*, International Trade Journal*, Journal of Applied Economics, Journal of Development Studies*, Journal of International Financial Markets, Institutions & Money, Journal of International Trade and Economic DevelopmentJournal of Macroeconomics*, North American Journal of Economics and FinancePortuguese Economic Journal, Publius, The Journal of Federalism, Review of Urban & Regional Development Studies, State and Local Government Review, and World Development
(* indicates more than one refereeing activities)
Please refer to my vita for other refereeing activities than to peer-reviewed journals.
Other Professional Activities:
Member of the American Economic Association since 1993.

Member of the American Society of Hispanic Economists since 2008.

Associate Editor of the Revista Brasileira de Economia de Empresas (from 2002).

Coordinator of Research Groups:

Second Cross-Border Workshop in Economics and Finance, University of Texas-Pan American, Edinburg, TX, April of 2006.

Participations in Sponsored Research Groups:

The Economic Agenda of Mexican Northern Border, (Cátedra de Investigación: Agenda Economica de la Frontera Norte de Mexico), ITESM-Campus Monterrey, from January of 2003 to July of 2004.

Participations as Visiting Professor:

School of Business Administration, University of Puerto Rico-Rio Piedras, San Juan, PR, September of 2009.
Department of Economics, Catholic University of Brasília, Brasília, DF, Brazil, June of 2002.
Department of Economics, Trinity University, San Antonio, TX, USA, March of 2001.