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Benjamin Garcia-Paez

College positions:
Visiting Fellow
Development Economics
National University of Mexico (UNAM)
Contact details:

Professor Benjamin Garcia-Paez

Benjamín García-Páez is a Professor of Economics at the National University of Mexico (UNAM).

He earned a PhD in Economics at UNAM (1993) and holds one MSc degree from the Imperial College of Science, Technology and Medicine (IMPCOL,1987), likewise a Diploma in Economics of Energy and Development from Surrey University, England (1986). His academic training has been enhanced being an academic visitor in the Université de Grenoble, France (1992), Kent University at Canterbury (2000/2001), and in The Centre of Development Studies of Cambridge University, England, (2010-2011 and 2013-2014). Since 1988 he has been a lecturer in Economic Theory and related subjects such as Growth and Development and Econometrics at the Faculty of Economics, UNAM, where he also has formed many research teams and supervised plenty of theses at the undergraduate level and postgraduate level as well. His current academic research lines include Financing of the Economic Development Process, Industrialisation and Re-industrialisation Strategies, Manufacturing Productivity, Industrial Policy and on Natural Resources Economics. He is a senior Fellow of the UK Energy Institute; belongs to the Old Centralians Alumni of IMPCOL (1999) and recently becomes a Lifetime Fellow Member of the International Society for Development Sustainability (2022). His publications, let alone several research articles, include the following books as author: The Oil Policy in México; Environmental Economics; The Education Merits; Skills for Economics Study, The Economist Professional Praxis; External Capital and Economic Growth in México (2007); Consultancy in Management, Economy, and Finance (2010); and Microeconomics; Basic Principles and Extensions (2020). Finally, among the institutional posts fulfilled standout: Head of the Specialisation Programme in Economics (2004-2008) and Coordinator of the Economic Development Knowledge Field (2017-2021), both in the Economics Faculty, UNAM. At present, he used to live in Mexico City, Mexico.

Benjamin is accompanied by his partner, Leticia Armenta, a partially-retired elementary school teacher with emphasis in child-friendly inducement.

Select publications

  • “How the Crowding-out Effect Hypothesis Stands Under a Financial System Liberalised: The Mexican Economy Case” International Journal of Financial Research Vol. 12, No. 5, doi:10.5430/ijfr.v12n5p246 URL:; November 2021
  • “How plausible the predicted superiority of private over public investment still stands, if
    ever?” International Journal of Economics and Finance, Canadian Center of Science and Education., October 2021.
  • “Capability of Financial Variables to Raise the Productivity of Investment: A Reassessment for the Mexican Economy”, International Journal of Academic Research in Economics and Management Sciences, June 29, 2021. DOI:10.6007/IJAREMS/v10-i2/10069.
  • “An Economic Analysis of the Environmental Impact of PM2.5 Exposure on Health Status in Three North-western Mexican Cities”, Sustainability (ISSN 2071-1050) ttp://, on 21 September 2021.
  • “De-industrialization and Industrial Policy Options for Mexico and Latin America, 1990–2017”, Journal of Economics and Development Studies, American Research Institute for Policy Development; December 2018, Vol. 6, No. 4, pp. 38-53, ISSN: 2334-2382 (Print), 2334-2390 (Online); DOI: 10.15640/jeds.v6n4a4; URL:
  • “The Effects of Foreign Direct Investment on the Mexican Economy, 1982 – 2010”, International Journal of Academic Research in Economics and Management Sciences September 2012, Vol. 1, No. 5 ISSN: 2226-3624.
  • “Theoretical Discussion of the Financial Liberalization: The Political Economy of a Policy’s Paradox”, the International Journal of Economics and Finance, Vol.4, No. 7: July 2012.

Select Awards

  • “Investigador Prometeo”, Secretaría Nacional de Educación Superior, Ciencia, Tecnología e Innovación, Ecuador, marzo 27, 2013.
  • “Al Mérito Académico”, UNAM, mayo 15, 2012.
  • “Profesor Honoris Causa, Universidad Nacional de Piura, Perú, 2010.
  • Premio Universidad Nacional 2005 en el Área de Docencia en Ciencias Económico-Administrativas, UNAM, noviembre 7, 2005.

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