<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1870-6622</journal-id>
<journal-title><![CDATA[EconoQuantum]]></journal-title>
<abbrev-journal-title><![CDATA[EconoQuantum]]></abbrev-journal-title>
<issn>1870-6622</issn>
<publisher>
<publisher-name><![CDATA[Universidad de Guadalajara]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1870-66222015000200025</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Effects of the Great Recession on state output in Mexico]]></article-title>
<article-title xml:lang="es"><![CDATA[Efectos de la Gran Recesión en la producción estatal en México]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Mejía-Reyes]]></surname>
<given-names><![CDATA[Pablo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Díaz-Carreño]]></surname>
<given-names><![CDATA[Miguel Ángel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma del Estado de México Facultad de Economía Centro de Investigación en Ciencias Económicas]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma del Estado de México Facultad de Economía Centro de Investigación en Ciencias Económicas]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2015</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2015</year>
</pub-date>
<volume>12</volume>
<numero>2</numero>
<fpage>25</fpage>
<lpage>45</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1870-66222015000200025&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1870-66222015000200025&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1870-66222015000200025&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This paper investigates the effects of a battery of variables on total and sector output drops in the Mexican states during the Great Recession by estimating spatial and cross-section regression models. Our main results can be summarized as follows. First, there is evidence of spatial autocorrelation only in the case of total production and it seems to be negative, which does not support the hypothesis of interstate transmission of the recession. Second, total and sector production falls can be explained by the specialization in the production of tradable (mainly durable) goods. Third, exposure to external shocks plays an important role in the cases of industrial and services production, but not in total output. Fourth, there seems to be that federal fiscal policy has actually been pro-cyclical while state fiscal policies have contributed to mitigate the recession.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este artículo busca explicar la caída acumulada de la producción total y sectorial (industrial y de servicios) de los estados de México durante la Gran Recesión mediante la estimación de modelos de regresión espacial y de corte transversal. Los resultados sugieren, primero, que existe auto-correlación espacial negativa sólo en el caso de la producción total, lo que no sustenta la hipótesis de transmisión interestatal de la recesión. Segundo, la exposición estructural externa contribuye a explicar la caída en la producción industrial y de servicios. Tercero, la especialización en la producción de bienes comerciables (durables) contribuye a explicar las caídas en todos los casos. Cuarto, la baja en la demanda externa provocada por la Gran Recesión explica en parte las reducciones en la producción industrial y total. Quinto, la política fiscal ha tenido efectos limitados y diferenciados, mostrando un carácter pro-cíclico en el caso federal y uno opuesto en el estatal.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Regional Business Cycles]]></kwd>
<kwd lng="en"><![CDATA[Great Recession]]></kwd>
<kwd lng="en"><![CDATA[Spatial Regression]]></kwd>
<kwd lng="es"><![CDATA[Ciclos económicos regionales]]></kwd>
<kwd lng="es"><![CDATA[Gran Recesión]]></kwd>
<kwd lng="es"><![CDATA[Regresión espacial]]></kwd>
</kwd-group>
</article-meta>
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