Dr. René Cabral Torres 

(BSc Economics, ITESM; MA Finance, EGADE;

MSc Economics, York; PhD Economics, York)


Associate Professor

EGADE Business School

Tecnológico de Monterrey





Teaching (cursos impartidos)


   Graduate courses: International Finance (master), Econometric Methods for Research (doctoral).

   Undergraduate courses: Dynamic Macroeconomics (Macroeconomía Dinámica)


Publications in academic journals (publicaciones arbitradas)


[22]. “Mexican Real Wages, the U.S. Economy, and the Financial Crisis of 2008-2009” (2017), with André V. Mollick, Economic Modelling (forthcoming).


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


[20]. “Who Pays the payroll-tax in Mexico? An Incidence Analysis across Mexican States (in Spanish)” (2017), with Edgardo Ayala and Joana Chapa, Finanzas Públicas (forthcoming).


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


[19]. 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.


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


[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]. “Inflation Targeting and Exchange Rate Volatility in Emerging Markets” (2016), with Francisco G. Carneiro & André Mollick, World Bank Policy Research Working Paper No. 7712.


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



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


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


[14].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.


[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 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 en proceso)


 [vi]. “Inflation Targeting and Exchange Rate Volatility in the Context of Emerging Market Economies” with André Mollick and Francisco G. Carneiro.


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


[iii]. “The Role of FDI on Mexican Manufacturing Exports: 2007-2015”, with Jorge Alvarado.


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


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