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Publications (2)
Working Paper
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– Explaining the demise of a successful growth model and what to do about it
Success in development over the past half-century was based on manufacturing-led export growth. Because the share of global employment in manufacturing will decline, manufacturing won’t play the same role in the coming decades. An increase in manufacturing employment won’t suffice to meet the need...
Working Paper
pdf
– 1990–2015
This paper studies the decline of the labour share in Mexico during the period 1990–2015. It calculates the wage share and alternative measures of the labour income share (which includes labour income of the self-employed) for the whole economy, the private business sector, and its major economic...
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