Dr. René Cabral Torres  (BSc Economics, ITESM; MA Finance, EGADE; MSc Economics, York; PhD Economics, York)

Associate Professor

Tecnológico de Monterrey

EGADE Business School




Teaching (cursos impartidos)


   Graduate courses (maestría): International Finance.

   Undergraduate courses (licenciatura): Dynamic Macroeconomics (Macroeconomía Dinámica)



Publications in academic journals (publicaciones en revistas arbitradas)



[15]. “School competition and efficiency in elementary schools in Mexico” (2015), with Rocío García-Díaz and Ernesto del Castillo, International Journal of Educational Development (forthcoming).


[14]. “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.


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

[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]. “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. 

[8]. “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. 


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

○●○ Previews 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 Finance 21(3): 297-313.


 ○●○ Previews 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.

○●○ Versión previa: “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.


Book chapters (capítulos en libros)   


            [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 proceso)


[viii]. “Does Globalization Affect Top Income Inequality?” with Rocío García Díaz y André V. Mollick.


[vii]. “Public Debt Sustainability across Mexican States: 1993-2012”


[vi]. “Residential Water Demand and Price Perception under Increasing Blocks Rate”, with Luciano Ayala and Victor Delgado.


[v]. “The U.S. Economy and Mexican Real Wages”, with André V. Mollick


[iv]. “Intergovernmental Transfers in Mexico: Political Parties and Political Ambition” with Andrew Abbott and Philip Jones.


[iii]. “Violence in Mexico and its Effects on Labor Productivity" with André V. Mollick and Eduardo Saucedo.


            [ii]. “Capital and Labor Openness Effects on the Size of Subnational Governments”, Center for International Development Working Paper No. 231.


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