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    <link>https://hdl.handle.net/10419/83688</link>
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    <pubDate>Wed, 29 Apr 2026 17:56:38 GMT</pubDate>
    <dc:date>2026-04-29T17:56:38Z</dc:date>
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      <title>California gasoline demand elasticity estimated using refinery outages</title>
      <link>https://hdl.handle.net/10419/322347</link>
      <description>Title: California gasoline demand elasticity estimated using refinery outages
Authors: Colina, Armando R.; Gafarov, Bulat; Hilscher, Jens
Abstract: This research paper presents new gasoline demand price elasticity estimates for California. The study leverages the unique characteristics of California's gasoline market and introduces a new set of proposed instruments. As a first step, the study takes advantage of California's partially isolated gasoline market, which is separated from much of the U.S. by environmental regulations. The estimating equation controls for persistent demand shocks, leading to a lower bound for the long-run elasticity of demand of -0.23. In the second step, a new set of instruments is employed to address supply and demand simultaneity, using detailed information on refinery outages to capture short-run supply shocks. The results show that the long-run demand elasticity is -0.60.</description>
      <pubDate>Wed, 01 Jan 2025 00:00:00 GMT</pubDate>
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      <dc:date>2025-01-01T00:00:00Z</dc:date>
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      <title>Integration of food markets in Mexico</title>
      <link>https://hdl.handle.net/10419/322310</link>
      <description>Title: Integration of food markets in Mexico
Authors: Núñez, Héctor M.
Abstract: This research examines spatial integration in Mexican regional-food markets, with an emphasis on the degree of processing. The analysis employs a pairwise approach to evaluate the convergence of price differentials for each item across city pairs. Additionally, it examines the influence of geographical and economic factors on price convergence. Key findings reveal: 1) there is no evidence of market divergence across food processing categories; 2) unprocessed items exhibit the highest levels of market integration and the fastest adjustment rates; 3) price differentials for unprocessed items consistently demonstrate nationwide integration; and 4) factors such as geographical proximity, road infrastructure, and the similarity in store density between cities significantly enhance the speed of price convergence toward long-run equilibrium.</description>
      <pubDate>Wed, 01 Jan 2025 00:00:00 GMT</pubDate>
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      <dc:date>2025-01-01T00:00:00Z</dc:date>
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    <item>
      <title>Energy efficiency and mitigation of greenhouse gas emissions in Mexico's manufacturing sector</title>
      <link>https://hdl.handle.net/10419/322382</link>
      <description>Title: Energy efficiency and mitigation of greenhouse gas emissions in Mexico's manufacturing sector
Authors: Mata, Anna D.; Núñez, Héctor M.
Abstract: This study examines the energy efficiency and environmental performance of Mexico's manufacturing sector across regions. We employ a Data Envelopment Analysis model that optimizes the weighted output-input ratio for each decision-making unit. Specifically, a non-radial directional distance function model is used to account for both desirable outputs and undesirable outputs, represented by greenhouse gas emissions. The findings show that including undesirable outputs reduces the estimated economic efficiency. Over the analysis period, the production frontier shifted only modestly. Regionally, northern states perform best, while southern states lag behind, revealing considerable potential for national energy and emission savings.</description>
      <pubDate>Wed, 01 Jan 2025 00:00:00 GMT</pubDate>
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      <dc:date>2025-01-01T00:00:00Z</dc:date>
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      <title>Windfalls for all? International elasticities and Dutch disease in a commodity exporting economy</title>
      <link>https://hdl.handle.net/10419/322349</link>
      <description>Title: Windfalls for all? International elasticities and Dutch disease in a commodity exporting economy
Authors: Stern, Mauricio
Abstract: This paper analyzes the effect of commodity price fluctuations on a commodity-exporting economy. Using Chilean and international copper market data, I find that positive copper price changes resulting from copper-specific demand shocks generate a broad GDP expansion, with no visible decline in manufacturing exports. These results provide evidence against the Dutch disease hypothesis, which posits the crowding-out effect of commodity price increases on the manufacturing sector. I then estimate a small open economy business-cycle model and find that a low degree of substitution between domestic and foreign goods explains the positive sectoral effect of a commodity price shock. Finally, I evaluate how tariffs on imports determine the volatility of total output in response to commodity price shocks, and find that lower tariffs reduce the volatility of total production when commodity prices fluctuate.</description>
      <pubDate>Wed, 01 Jan 2025 00:00:00 GMT</pubDate>
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      <dc:date>2025-01-01T00:00:00Z</dc:date>
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