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This paper analyzes the conditions facing the oil refining industry in Mexico and the factors that shaped its overhaul in the context of the 2013 Energy Reform. To do so, the paper examines the main challenges that refining companies must tackle to stay in the market, evaluating the specific cases of the United States and Canada. Similarly, it offers a diagnosis of refining in Mexico, identifying its principal determinants in order to, finally, analyze its prospects, considering the role of private initiatives in the open market, as well as Petróleos Mexicanos (Pemex), as a placeholder in those areas where private enterprises do not participate. [ABSTRACT FROM AUTHOR]

The objective of this paper is to examine the relationship between fiscal and monetary policy coordination and fiscal multipliers in Argentina, Brazil, Chile, and Mexico. To do so, we first look at the theoretical framework of the New Consensus Macroeconomics (NCM), and then analyze the trends in the four countries for variables including consumption, investment, government spending, and interest rates. Finally, we present an estimate of the spending and monetary multipliers with proxy variables. The contribution of this paper consists of one, showing the inexistence of the crowding out effect, and two, quantifying the multipliers for the aforementioned countries. [ABSTRACT FROM AUTHOR]

This paper studies the link between economic growth and state industrial capital stock accumulation using panel data techniques in the time period 1960-2012. The analysis is done in two moments: the age of national industrialization (1960-1982) and the structural reform era (1983-2012). The results point to a long-term relationship in both periods, but with a sign opposite of the expected sign in the latter, suggesting that the deceleration of industrial capital can explain the slowdown over the past three decades. This result is confirmed with the decline of manufacturing, as well as other economic indicators. The causality tests demonstrate two-way causality between the two variables, evincing a virtuous cycle between growth and accumulation. [ABSTRACT FROM AUTHOR]

Below, this paper analyzes and identifies some of the determinants that explain cement industry production in Mexico. The objective of this study was to identify the effect of exports and external competition on cement production, as well as internal drivers, such as investment, employment, and overall economic activity. As a function of augmented production, error correction models were estimated. The results indicate that the cement production exchange rate is positively related with exports and negatively with external competition. Overall economic activity showed a strong effect on production. Assuming that the industry operates as an oligopoly, the results imply that there are no incentives to favor the entrance of competitors. [ABSTRACT FROM AUTHOR]

Major oil fields have played an essential role in the global hydrocarbon supply, but the majority are now in decline. The Cantarell macro-reserve has produced significant volumes of hydrocarbons and brought countless benefits to the country, but starting in 2004, the exhaustion of the Cantarell supply began to affect the oil production platform. This research studies all of the factors that have had an impact on the performance of this macro-reserve, which are fundamental to explain the current state of affairs. The conclusion is that the management of the Cantarell oil field was less than optimal during the three time periods identified in the paper, as decisions were made on a nontechnical basis, which contributed to the decline and the series of challenges facing the oil complex today. These difficulties could, in turn, be mitigated through the use of technology. [ABSTRACT FROM AUTHOR]