Research Library

Mexico Center director Tony Payan weighs in on President Trump's decision to end DACA: http://bit.ly/2wDU1Zm

NAFTA has neither been the enormous success that its supporters believe, nor the disaster that its detractors claim. Renegotiating NAFTA — or even threatening to repeal it — is not a high-stakes proposition. The treaty simply does not possess the leverage to deliver a major boost or setback to the U.S. manufacturing sector. 

Most analysis of NAFTA begins by citing the huge increase in bilateral trade between the U.S., Canada and Mexico since 1993. U.S.-Mexico trade—exports plus imports—has grown three and a half times faster than U.S. GDP since NAFTA began in 1994. If NAFTA were solely responsible for that trade, renegotiating it on more favorable terms might have big payoffs. However, there are seven problems with thinking NAFTA has mattered or can matter very much.

Recent academic research has shown that startup training institutions can greatly increase the number of startup firms receiving seed and early-stage venture capital for the first time. In this paper, the authors examine the startup training institutions in Houston, and what they are doing to open up the city’s pipeline of startups.

The authors examine ways in which disruptive technologies could potentially help improve power sector development in African countries. 

A universally agreed-upon definition of the U.S.-Mexico border region is elusive, to say the least. The boundaries vary widely depending on the government entity or academic institution involved. This brief reviews the many officially sanctioned definitions of the region, and explains why a consensus is necessary for effective border management.

Taking a health-based approach toward curbing the rising use of synthetic cannabinoids, which has caused dangerous and sometimes fatal side effects in extreme cases, may be a more effective policy for the City of Houston, postdoctoral fellow Katharine A. Neill writes in this report.

The winner’s curse — overestimating the value of an asset and therefore overpaying — is often associated with acquisitions of publicly-traded firms but not with private acquisitions. Using an event study methodology for over 22,000 private acquisitions of U.S. firms between 1985 and 2015, the authors examine a possible winner’s curse for such acquisitions, testing variables to determine what characteristics make a private company more likely to overestimate the asset's value.

The authors of this brief assert that amid mounting allegations of abuse of power at the U.S.-Mexico border, Customs and Border Protection (CBP) needs to incorporate measures to improve transparency and accountability, particularly in the matter of redressing complaints.

Authors Tony Payan and Guadalupe Correa-Cabrera lay out how Mexico must anticipate and resolve potential problems in organized crime, corruption and natural resource allocation priorities in order to successfully implement its energy reforms.