Pemex, its corporate, financial and productive restructuring and its effects on the oil trade balance
Por:
Martinez Hernandez, Francisco A., Herrera Aguilar, Saul
Publicada:
1 ene 2021
Categoría:
Economics and econometrics
Resumen:
In this investigation we show how the different energy reforms that have
been implemented in Mexico, by gradually linking the price of domestic
fuels to international market prices and to the domestic tax structure,
have tended to distort the domestic price and production of gasoline,
all of which has been inclined to decapitalize Pemex, to reduce domestic
refining capacity, and to accelerate the amount of gasoline imports.
This investigation is divided in four sections. The first analyzes the
evolution of both the organization and the business model of Pemex,
where a criteria of economic efficiency, openness and increasing
dependence on private capital currently predominate. The second studies
the intra-organism prices and the factors that have generated
distortions in the components of these prices. The third is dedicated to
the analysis of the most important components of the country's oil trade
balance. From this analysis and with econometric models, we obtained two
estimates of the changes in income and price elasticities of demand for
oil imports. The fourth section presents the final reflections with the
objective of proposing energy policy alternatives applicable to the
reality facing the country.
Filiaciones:
Martinez Hernandez, Francisco A.:
Univ Anahuac, Fac Econ & Negocios, Naucalpan De Juarez, Mexico
Herrera Aguilar, Saul:
Univ Nacl Autonoma Mexico, Fac Econ, Mexico City, DF, Mexico
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