Dr. René Cabral Torres 

(PhD Economics, York; MSc Economics, York; MA Finance, EGADE; BSc Economics, Tec de Monterrey)


Associate Professor

EGADE Business School

Tecnológico de Monterrey





Teaching (cursos impartidos)


   International Finance (master), Principles of Economics (master) and Econometric Methods for Research (doctoral).



Publications in academic journals (publicaciones arbitradas)


[23]. "Incumbency and Distributive Politics: Intergovernmental Transfers in Mexico"(2017), with Andrew Abbott and Philip Jones, Southern Economic Journal (forthcoming).


[22]. “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).  


[21]. “Mexican Real Wages, the U.S. Economy, and the Financial Crisis of 2008-2009” (2017), with André V. Mollick, Economic Modelling 64: 141-152.


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


[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]. “Incentives to Spend when Jurisdictions Receive Intergovernmental Transfers: The ‘Flypaper Effect’ in Mexico” with Andrew Abbott and Philip Jones.


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