ABOUT 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.