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CIEMEX-WEFA
CIEMEX-WEFA, the Center for Econometric Research on Mexico,
has been
forecasting the Mexican economy longer than any other
institution. In fact, our
econometric model of Mexico was the world’s first
forecasting model of a
developing economy.
Originally a part of the University of
Pennsylvania’s Economic Research Unit,
CIEMEX was founded in 1969 by Dr. Abel Beltran-del-Rio, a
leading Penn-trained
economist and a native of Mexico, and Dr. Lawrence R. Klein,
a Nobel prize winner
for his pioneering work in econometrics.
In the early 1970’s. CIEMEX became a
part of Wharton Econometric Forecasting
Associates (WEFA), an offshoot of Penn’s Economic Research
Unit, and its
forecasts of the Mexican economy were made commercially
available for the first
time.
Public and private institutions in
Mexico were CIEMEX’s first clients, eager for
model-based forecasts produced by the research arm of a
prestigious university.
Soon organizations in the U.S., having begun to incorporate
economic forecasts
into their business planning, added their names to CIEMEX’s
client list.
In 1986, CIEMEX-WEFA became an
independent organization. Now, as a
joint-venture partner with WEFA, CIEMEX-WEFA supplies its
highly regarded
"sister company" with analysis and forecasts of the
Mexican economy.
CIEMEX-WEFA, in turn, benefits from WEFA’s analysis and
forecasts of over 100
economies in the world.
Since its founding, CIEMEX-WEFA has
trained economists from around the world.
CIEMEX-type centers now exist in Brazil, Peru, Puerto Rico,
Spain and Venezuela.
x-wefa@i.am
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