The authors review the impact of the Paycheck Protection Program (PPP), a government initiative that allowed small businesses to apply for low-interest loans during the COVID-19 pandemic. While the PPP helped cover employment-related expenses and mitigated unemployment for some businesses, it remained inaccessible to others, they conclude.
This brief examines the legality of the decrees issued by the National Center for the Control of Energy (CENACE) and the Department of Energy (SENER) in Mexico earlier this year, which were intended to prevent renewable energy companies from connecting to the transmission grid.
Public health and economic measures enacted to prevent the spread of Covid-19 and mitigate the financial impact on families have unintended consequences for low-income women and their children. The authors explain why.
This paper tracks a change in the direction of Mexico’s energy policy under President Andrés Manuel López Obrador — a change that inhibits private investment while attempting to restore Pemex’s oil monopoly.
Mexico’s 2013 energy reform, which opened its hydrocarbon and electricity industries to private investors, increased the autonomy and independence of its regulatory commissions. However, recent decisions by President Andrés Manuel López Obrador now threaten these institutions, writes nonresident scholar Miriam Grunstein.
In this issue brief, the authors examine the amount of growth and transactional venture capital (VC) in Houston, finding the the city lacks sufficient levels of growth VC needed to support its goals of establishing a high-growth, high technology startup ecosystem.
While academic and popular debates tend to focus on differential benefits and costs of trade across countries or industries, this brief highlights winners and losers at the level of individual firms. The authors demonstrate that preferential liberalization produces concentrated benefits among a relatively small number of very large and productive firms.
Pablo M. Pinto, Leonardo Baccini, Stephen WeymouthNovember 21, 2017
To gain public support for Mexico’s energy reforms, the government promised a future of low gas prices. The author documents the fallout when gas prices instead shot up 20 percent.
Energy regulation under Mexico's energy-sector reforms are of great interest to investors, since autonomous regulators—protected from political pressures and able to make and sustain technical decisions—can guarantee greater legal consistency than government authorities exposed to political pressures. The difficulty was finding an alternative model that ensured the institutional strengthening of the agencies without relinquishing too much control of the executive branch.
