Abstract

MEJIA, Pablo; OCHOA, Sandra  and  DIAZ, Miguel Ángel. From Recession to Recovery: Production and Employment in Mexico and The State of Mexico. Prob. Des [online]. 2013, vol.44, n.173, pp.133-162. ISSN 0301-7036.

The objective of this text is to measure the magnitude and analyze the causes of the drop and increase in sector production and employment in Mexico and the State of Mexico during the current international economic cycle. Our main results are as follows: 1) foreign trade has played a central role in the drop and recovery in employment and production throughout the entire cycle, while foreign direct investment and remittances have only been determining factors in the recessive phase; 2) the fluctuations in industrial and manufacturing production are greater than those of the service sector, and all three are greater than those of employment; 3) there has been a reorganization of employment in favor of temporary jobs, especially in the tertiary sector, even during times of expansion.

Keywords : international economic cycles; expansion; recession; production; employment.