Replacement working capital in Mexican manufacturing in the period 1999-2004

  • Miguel Cruz Vásquez
DOI: https://doi.org/10.33937/reveco.2012.37
Keywords: manufacturing industry, substitution, jobs in the informal sector, employees, capital

Abstract

The aim of this work is analyze the substitution between two productive  factors in the Mexican manufacturing industry between 1999 and 2004:  labor and capital, segmenting the labor market into formal and informal  sectors. We used information from the 282 industrial classes in the Mexican  manufacturing sector described by the 1999 and 2004 INEGI Economic  Census. Additionally, the results indicate that Mexican manufacturing  firms substitute meaningfully capital for workers in formal and informal  sectors. Additionally, empirical evidence was obtained that the workers  in formal and informal sectors are complementary or no overlapping.

Published
2012-01-04
How to Cite
Cruz Vásquez, M. (2012). Replacement working capital in Mexican manufacturing in the period 1999-2004. Journal of Economics, Faculty of Economics, Autonomous University of Yucatan, 29(78), 37. https://doi.org/10.33937/reveco.2012.37
Issue
Vol 29 No 78 (2012): Primer Semestre 2012 Vol. XXIX Num.78
Section
Original Articles

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