Personal Website René Cabral

TEACHING (cursos impartidos)

• Master level: 

  • Economic Context of Global Business (Executive MBA, EGADE Business School & Arizona State University), International Finance (MBA in Global Business Strategy, EGADE Business School & University of North Carolina), Managerial Economics (EGADE, MBA), Macroeconomics (EGADE, MA in Finance online).

• Doctoral Program: 

  • Open Economy Macro (PhD in Finance), Econometrics (PhD in Finance), Econometric Methods for Research (PhD in Management).

PROFESSIONAL SERVICES (Comités editoriales)

• Editorial Board of Measurement: Interdisciplinary Research and Perspectives.

• Associate Editor of REMEF: Revista Mexicana de Economía y Finanzas.

• Editorial Committee of Investigación Económica (UNAM).

PUBLICATIONS IN ACADEMIC JOURNALS (publicaciones arbitradas)

[ 38]. "Crime, Economic Forces, and Truck Crossings in the U.S.-Mexico Border Region" (2026), with André Mollick & Eduardo Saucedo, Regional Studies 60 (1) 2657854. 

[ 37]. "Convergence in Colombia’s Total Factor Productivity: A Spatial Analysis 1992-2022" (2026), with Diego Cardoso & Jesús López, Humanities and Social Sciences Communications (in print). 

[ 36]. "Subnational Public Debt Sustainability in Mexico: Is the new fiscal rule working?" (2024), with Ernesto del Castillo, European Journal of Political Economy 82, 102512.

[ 35]. "Labor Productivity and Remuneration across Mexico's Manufacturing Industry: A Spatial Approach" (2023), with Jesús López Cabrera & Enrique Anselmo González Mata, Estudios Económicos (forthcoming). 

○●○ Previous version: "Relación entre Productividad Laboral y Remuneraciones: Un análisis de proximidad espacial en la Industria Manufacturera de México". (2022), with Jesús López-Cabrera & Enrique González Mata, ECLAC (United Nations Economic Commission  for Latin America) Studies and Perspectives Series 197.

[ 34]. "Energy Reform and Energy Consumption Convergence in Mexico: A Spatial Approach" (2022), with Francisco A. Castellanos-Sosa and André Mollick, Structural Change and Economic Dynamics, 61: 336-350.

[33]. "The Influence of Sentiments of Economic Agents on Pedestrians and Vehicle Crossings along the US–Mexico Border" (2022), with Francisco García and Eduardo Saucedo, Applied Science (special issue on the Future Transportation of People and Goods) 12(5), 2512. 

[32]. "The Sustainability of Mexican Municipal Public Debt" (2022), with Ernesto del Castillo & Eduardo Saucedo, Sustainability 14(11): 6558.

[31]. “The Sustainability of Subnational Public Debt: Evidence from Mexican States” (2021), with Ernesto del Castillo & Fausto Hernández-Trillo, Regional and Federal Studies (forthcoming).

[30]. "Border Crossings from Mexico to the U.S. and the Role of Border Homicides" (2021), with Eduardo Saucedo & André Mollick, Crime, Law and Social Change (forthcoming).

[29]. "The Role of FDI on Exports Performance: Evidence from the Mexican States" (2021), with Jorge Alvarado, International Regional Science Review 44(6): 684–708.

"Manufacturing Exports Determinants across Mexican States, 2007-2015", Banco de México Working Papers  ° 2019-11.

[28]. "Absolute convergence in manufacturing labor productivity in Mexico, 1993-2018" (2020), with Jesús López-Cabrera & Ramón Padilla-Pérez, ECLAC (United Nations Economic Commission for Latin America) Studies and Perspectives Series 187 (December).

[27]. "Inflation Targeting and Exchange Rate Volatility in Emerging Markets" (2020), with Francisco Galrao & André Mollick, Empirical Economics 58:605–626.

○●○ Previous version: “Inflation Targeting and Exchange Rate Volatility in Emerging Markets,” with Francisco G. Carneiro & André Mollick, World Bank Policy Research Working Paper No. 7712.

[26]. "Efficiency in Mexican elementary schools: A regional comparative" (2020), with Rocio García-Díaz & Ernesto del Castillo, Investigación Económica 79 (313):112-141.

[25]. "Northbound Border Crossings from Mexico to the US and the Peso/Dollar Exchange Rate" (2019), with Eduardo Saucedo & André Mollick, Research in Transportation Business & Management 33:1-10.

[24]. "Europe's income convergence and the latest global financial crisis" (2019), with Francisco Castellanos-Sosa, Research in Economics 73(1): 23-34.

[23]. "Foreign Direct Investment in Mexico, Crime and Economic Forces" (2019), with Eduardo Saucedo & André Mollick, Contemporary Economic Policy 37(1):68-85.

○●○ Previous version:  El Efecto del crimen y otras fuerzas económicas sobre la inversión extranjera en México, Banco de México Working Paper 2018-24..

[22]. "Incumbency and Distributive Politics: Intergovernmental Transfers in Mexico"(2017), with Andrew Abbott & Philip Jones, Southern Economic Journal 84 (2), 484-503

[21]. “Mexican Real Wages and the US Economy” (2017), with André V. Mollick, Economic Modelling 64: 141-152.

[20]. “Residential Water Demand and Price Perception under Increasing Block Rates” (2017), with Luciano Ayala & Victor Delgado, Economics Bulletin 37(1): 518-519.

[19]. “Does Globalization Affect Top Income Inequality?” (2016), with Rocío García-Díaz & André V. Mollick, Journal of Policy Modelling 38(5): 916-940.

○●○ Previous version: Does Globalization Affect Top Income Inequality?”, ECINEQ Working Paper No. 2015 – 372.

[18]. “School Competition and Efficiency in Elementary Schools in Mexico” (2016), with Rocío García-Díaz & Ernesto del Castillo, International Journal of Educational Development 46: 23-34. 

[17]. “Violence in Mexico and its Effects on Labor Productivity” (2016), with André V. Mollick & Eduardo Saucedo, Annals of Regional Science 56 (2): 317-339.  

[16]. “Openness and Mexico's Subnational Governments Size: Evidence from a Panel of Mexican States” (2016), Contaduría y Administración 61(4):762-776. 

○●○ Previous version: “Capital and Labor Openness Effects on the Size of Subnational Governments,” Center for International Development Working Paper No. 231.

[15]. “Who Pays the payroll-tax in Mexico? An Incidence Analysis across Mexican States (in Spanish)” (2016), with Edgardo Ayala & Joana Chapa, Finanzas Públicas 9(21): 69-112. 

○●○ Paper winner of second place in the Premio Nacional de las Finanzas Públicas awarded by Cámara de Diputados (México’s Lower Chamber).   

[14]. “Political Pressure and Procyclical Expenditure: An Analysis of the Expenditures of State Governments in Mexico” (2015), with Andrew Abbott, Philip Jones & Roberto Palacios, European Journal of Political Economy 37(1): 195-206.

[13]. “Is Fiscal Policy Coordination Desirable for a Monetary Union? An Assessment from the Perspective of a Small Open Economy” (2015), with Rocío García-Díaz, Investigación Económica 74(294): 3-41.

[12]. “Assessing Returns to Education and Labor Shocks in Mexican Regions after NAFTA” (2015), with André V. Mollick, Contemporary Economic Policy 33(1): 190-206.

[11]. “Inequality and minimum wage policy in Mexico: A comment” (2015), Investigación Económica 74(293): 27-33.

[10]. “Gasto en investigación y desarrollo y productividad en la industria manufacturera mexicana” (2014), with Franco J. González, Estudios Económicos 29(1): 27-55.

[9]. “Convergence Rates to Output Growth in a Global World: The Roles of Openness and Government Size” (2012), with André V. Mollick, International Trade Journal 26 (3): 201-222. 

[8]. “Mexico's Regional Output Convergence after NAFTA: A Dynamic Panel Data Analysis” (2012), with André V. Mollick, Annals of Regional Science 48(3): 877-895. 

[7]. “Does Inflation Targeting Matter for Output Growth? Evidence from Industrial and Emerging Economies” (2011), with Francisco G. Carneiro & André V. Mollick Journal of Policy Modelling 33(4): 537-551.

○●○ Previous version: “Does Inflation Targeting Matter for Output Growth? Evidence from Industrial and Emerging Economies” World Bank Policy Research Working Paper # 4791.           

[6]. "Government Size and Output Growth: The Effects of Averaging out” (2011), with André V. Mollick, Kyklos (International Review of Social Science) 64(1): 122-137.

[5]. “Intra-industry Trade Effects on Mexican Manufacturing Productivity before and after NAFTA” (2011), with André V. Mollick, Journal of International Trade and Economic Development 20(1):87-112.

[4]. “Why Dollarization Didn't Succeed: Comparing Credibility and the Impact of Real Shocks on Small Open Economies" (2010), North American Journal of Economics and Finance21(3): 297-313.

 ○●○ Previous version: "Assessing the Impact of Real Shocks on Small Dollarized Economies,” University of York Discussion Paper Series No. 05/27. 

[3]. “Capital and Labor Mobility and their Impacts on Mexico’s Regional Labor Markets” (2010), with André V. Mollick y Joao Faria, Journal of Development Studies 46(9):1532-1542.

[2]. “Productivity Effects on Mexican Manufacturing Employment” (2009), with André V. Mollick, North American Journal of Economics and Finance 20(1): 66-81. 

○●○ Previous version: “Productivity Effects on Mexican Manufacturing Employment before and after NAFTA,” CID Working Paper No. 152. 

[1]. “Price Stability, Inflation Targets, and Public Debt Policy” (2008), with Gulcin Ozkan, Economics Bulletin 5(32): 1-12.

BOOKS

Cabral, R. (2024). Subnational Public Finances in Mexico: Challenges and Opportunities. Fundación IMEF (in press).

BOOK CHAPTERS (capítulos en libros)    

[6].  Cabral, R. y Cadena Espinoza, U. (2026). “Medición de la inclusión financiera: Comparación de los métodos tradicionales con los de aprendizaje automático”, en Pérez Akaki et al. (editores), Hacia un Sistema Financiero Inclusivo en México, Editorial Tirant lo Blanch.

[5]. Saucedo de la Fuente, E. y Cabral Torres, R. (2024). Inversión extranjera directa y comercio internacional de México ante el nearshoring. En O. H. Zavaleta Vázquez (Coord.), Nearshoring. Retos y oportunidades para la integración y el fortalecimiento de las cadenas globales de valor en México (Cap. 10). Tirant lo Blanch.

[4]. Alvardo, J. y Cabral, R. (2024). “La inversión extranjera directa en el sector manufacturero y su efecto en el empleo: un análisis para México”. En Gálvez Santillán, E., Gutiérrez Garza, E., & Picazzo Palencia, E. (Coords.). (2024). El empleo en México: Contrastes y políticas. Plaza y Valdés.

[3].  “Wage Convergence in Mexico”. (2017) con André Mollick, in Conference Proceedings of NAFTA at 20:  Effects on the North American Market, Orrenius, P; Cañas, J and Weiss, M. (Editors), Federal Reserve Bank of Dallas Research Department, Houston Branch, Houston, Texas, November 2017.

[2]. “Determinantes de la demanda de marihuana y su elasticidad precio.” (2014) con Herrán, Elizabeth y Ortega Díaz, Araceli, pp.165-197, in: González – Arechiga, B. (Editor), El mal menor en la Gestión de las Drogas: De la prohibición a la regulación, McGraw Hill, México.

[1]. “The EU-Mexico Agreement: What Has Happened to Trade and Capital Flows since 2000?” (2012) with Daniel Villarreal Cabello, in Niedrist, Gerhard (Editor), EU-Mexican, Legal, Commercial, and Business Relations, Macmillan (forthcoming).

WORK IN PROGRESS (trabajo de investigación en proceso)

[vi]. "Inflation Targeting and Debt Sustainability across Industrial and Emerging Markets", with Peter Hening Karlström.

[iv]. "Convergence in manufacturing productivity in Mexico 1993 - 20018: A spatial approach", with  Jesús López-Cabrera & Ramón Padilla-Pérez.

[iii]. "Relación entre la productividad laboral y remuneraciones: un análisis de proximidad espacial a nivel estatal en la industria manufacturera de México“, with Jesús López-Cabrera y Enrique González.

[ii]. “Incentives to Spend when Jurisdictions Receive Intergovernmental Transfers: The ‘Flypaper Effect’ in Mexico” with Andrew Abbott & Philip Jones. 

[i]. “Margins of Adjustment and Productivity in Mexican Maquiladoras” with André V. Mollick.