Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/174440
Authors: 
Alcaraz, Carlo
Villalvazo Martin, Sergio
Year of Publication: 
2016
Series/Report no.: 
Working Papers, Banco de México 2016-10
Abstract: 
The Mexican economy experienced a shortage of natural gas from the second quarter of 2012 through the second half of 2013. In order to deal with this problem, the state-owned national supplier of natural gas (Pemex) implemented a system that restricts the amount of natural gas used by the manufacturing sector. With this information, we have constructed a "shortage index" that represents the percentage of natural gas restricted per month in each region. We quantify the effect of natural gas shortages on the manufacturing sector and the GDP using a panel data model with state and time fixed effects. We estimate that the natural gas shortage reduced the Mexican GDP annual growth rate by 0.28 percentage points in the second quarter of 2013.
Subjects: 
Public Economy
JEL: 
D24
H40
O14
Document Type: 
Working Paper
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