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This paper explores the Mexico City Government's accountability with respect to public debt in the time period 1999-2015. The questions we pose are as follows: To which projects were resources emanating from public debt allocated? Did the accountability mechanisms make it possible to evaluate the projects funded with public debt? Although the laws stipulate that entities are bound to be transparent about their allocation of debt, there is clearly only partial accountability when it comes to all of the funding models, including: private banking, development banking, the stock market, and public-private partnerships (PPP). Moreover, the opacity is total where evaluating outcomes is concerned. Using a cointegration test for debt and public investment, we assert that total public debt has some effect on the behavior of public investment in Mexico City. [ABSTRACT FROM AUTHOR]

In the Mexico City Metropolitan Zone (MCMZ) the generation of employment spillovers may be associated with the adoption of new technologies (via foreign direct investment), the immigration of qualified or talented people, and/or the presence of research and development centers, among other factors. In the present paper we analyze the role of employment spillovers in the manufacturing and professional service sectors using two groups which we have classified as creative and technological. The core result we reach is that the patterns of employment spillovers have changed over the last two decades and have been conditioned by the intensification of the outsourcing process experienced by the MCMZ. In particular, it is proposed that this process of economic conversion in the metropolis has meant that the spillover employment effects occur over short distances of spatial diffusion. [ABSTRACT FROM AUTHOR]