Research

New technologies, theories, and ideas to improve and better understand the world. Mexico City Institute of Technology works with public and private organizations to develop and disseminate new theories, ideas and technologies to solve Mexico’s most urgent and complex problems.

Technologies shaping the future

Mexico City Institute of Technology seeks to develop and understand the adoption new technologies.

The new economic thinking

The new economic thinking is about how the economy, markets and institutions really work to design sound public policies. MexicoTech’s researchers work to develop microeconomic and macroeconomic models with this approach.

Contributing to Complexity Science

Complexity science studies physical, biological, social, and technological systems where many agents interact and adapt to one another in their environment and identifies evolutionary processes, “emergent” behaviors and order within chaos.
MexicoTech’s researchers seek to identify, understand, develop, and spread new, disruptive theories and ideas about technological, economic and social complex systems, such as cities, large firms, high technology industries, Internet, institutions, art and cultural markets, social networks, industrial clusters, technological adoption processes, innovation systems, and with this contribute to the progress of Complexity Science. At MexicoTech, we believe that Complexity Science is a powerful means to understand multifaceted social, economic and political phenomena and can provide better guidelines to solve the most pressing problems of Mexico and the world.


MexicoTech’s Methodology

To develop its ideas, MexicoTech uses modern quantitative and qualitative methodologies based on complexity theory, system dynamics, increasing returns economics, Polya processes, machine learning, data science, and other analytical tools suitable to describe evolutionary, dynamic, out-of-equilibrium processes, which are characteristic of complex systems. MexicoTech’s researchers apply these tools using sophisticated computational and simulation instruments, which have proven to be outstanding means to visualize and model complex systems.

System Dynamics

MexicoTech’s faculty is convinced that systems dynamics provides powerful tools to understand complex problems. MexicoTech has a department dedicated exclusively to the development and application of these tools.

We ask relevant questions

Since MexicoTech is interested in helping to solve Mexico’s most critical problems with sound science, its research projects seek to answer questions as the following:

  • How are innovations and technologies created, adopted and substituted?
  • Why do cities grow the way they do and self-organize?
  • How large firms grow, compete, and exit markets?
  • Why art, culture, and creative industries are important for the innovation process, the creation of wealth and the growth of cities?
  • How institutions support markets and economies?
  • What is the role of large firms and regions in international trade?
  • How and by whom economic growth is produced?
  • What are the sources and solutions of inequality and poverty?
  • Is corruption the result of a complex system?
  • Is education a real solution to poverty, income inequality and other social problems?
  • Is violence the result of an intricate interaction of individuals and processes?
  • How can democracy become a more effective way to improve society’s well-being?
  • What are the causes of deterioration of nature?
  • What is the complex process that explains migration?

To understand the most relevant economic, social, political and technological issues, MexicoTech does research and publishes books and articles in specialized journals. The interest and resources of MexicoTech are focused on the development of a new economic, financial, and management ideas.

At MexicoTech, we believe that ideas and technologies require the latest conceptual, mathematical and methodological tools and an interdisciplinary perspective where economists, engineers, mathematicians, physicists, philosophers, sociologist, anthropologists, political scientists, psychologists and theologians collaborate.

MexicoTech seeks to use and polish the following tools:

  1. Power Law Distribution, such as Zipf and Pareto.
  2. Polya (urn) processes.
  3. Machine learning, data science, and other mathematical tools to describe processes of accumulation.
  4. System dynamics to model and describe mutual causalities among variables.
  5. Economics of increasing returns.

Themes:

  1. Increasing returns microeconomics and high technology industries.
  2. Financial institutions and theories.
  3. Macroeconomics.
  4. Cities and urban economics.
  5. International trade.
  6. Institutions and economic growth
  7. Large firms, competition and anti-trust law.
  8. Business and economic ethics.
  9. Philosophy and theology of economic and social issues.

Research Topics

MexicoTech’s researchers are interested in aspects of reality where a large number of individuals, parts or elements interact with each other and create intricate interconnections. Since the research themes they address go beyond the limits of a particular discipline, they are willing to collaborate to define new scientific boundaries. MexicoTech has identified six research topics which draw together and unify their interests:

  1. Models of Complexity
  2. Complex Economic Systems
  3. Visual Data Analysis for Construction and City Simulation
  4. Data Science
  5. Creative Industries, Innovation, Technologies, Firms and Cities
  6. Complex Economic and Social Systems and Philosophy

Publishing of books

MexicoTech’s research addresses the most relevant technological, economic, social and political issues with scientific rigor, but with a simple language, to reach as many readers as possible. In the series New Economic Thought, new ideas on the behavior of companies and their industries, the functioning of markets and financial institutions, the institutions that determine economic growth, how cities grow, function, and promote the creation of innovations will be published.