In the near term, a ban on shale development in Mexico will have little impact since factors like limited infrastructure and access to water would likely stall progress in any case, the authors conclude. In the long-run, a ban may adversely affect efforts to diversify Mexico’s gas supply.
Adrian Duhalt, Anna B. Mikulska, Michael D. MaherMay 3, 2019
The revival of domestic production of urea (i.e., nitrogen fertilizer) in Mexico could become one of the key elements to delivering food sovereignty, one of President-elect Andrés Manuel López Obrador major campaign promises, postdoctoral fellow Adrian Duhalt writes in this issue brief.
The 2017 Tax Cuts and Jobs Acts offers a starting point for compromise to revitalize the corporate income tax, fellows Jorge Barro and Joyce Beebe write in this issue brief.
This issue brief presents the results of a dynamic model similar in nature to the macroeconomic models used by the Congressional Budget Office and Joint Committee on Taxation in evaluating the Tax Cuts and Jobs Act of 2017. The model shows a modest decline in wealth inequality due to the corporate tax cuts in the TCJA.
Mexico’s Ministry of the Interior estimates there could be 430,000 to 600,000 children and youth who are U.S. citizens but now reside in Mexico. Without the necessary documents, they become a vulnerable population without proper access to schools or social and health services. This brief explores the issues related to this population and calls for more research to be done to understand its impact.
Since 2010, Mexico’s demand for natural gas has been accompanied by a decline in domestic production, making imports of this resource increasingly vital. The author of this brief argues that private and state-owned firms — from producers to pipeline operators — and a solid governmental regulatory apparatus must now help guarantee the consistent supply of natural gas.
Many argue that sales and excise taxes are regressive based on the strict relationship between annual income and taxes paid, but the burden of higher sales taxes may actually fall more heavily on households with higher lifetime incomes.
The landscape is changing for foreign direct investment in Latin America. Investments flow not only from north to south, but also from south to south and south to north. What's more, relatively small firms in developing countries are becoming as likely as multinationals to invest abroad.
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.