Research Library

This paper outlines a governance model that incorporates the participation and feedback of political, private and civic partners from Mexico’s northeast region into the implementation process.

Since the first quarter of 2014, Brazil has been living in crisis mode as the result of a severe economic crisis in conjunction with an investigation into widespread corruption that has penetrated the highest offices in the government. Although the impeachment of Dilma Rousseff in 2016 did offer some hope for recovery, recent events demonstrate that Brazil's troubles are still ongoing. Contributing expert Sergio Fausto analyzes the main factors leading to this crisis and surveys the current economic and political situation.

This paper analyzes the possible impact of Mexico’s energy reform on the country’s environment, as well as the challenges to preserving natural resources and access to water while also supporting the expanding oil and gas sector.

The winner’s curse — overestimating the value of an asset and therefore overpaying — is often associated with acquisitions of publicly-traded firms but not with private acquisitions. Using an event study methodology for over 22,000 private acquisitions of U.S. firms between 1985 and 2015, the authors examine a possible winner’s curse for such acquisitions, testing variables to determine what characteristics make a private company more likely to overestimate the asset's value.

The Affordable Care Act and changing economic conditions have encouraged the integration of physicians and hospitals. The objective of the study is to examine how hospitals and physicians have transitioned between integration levels over time.

The development of the petroleum sector has been characterized by a succession of cycles of investment and expropriation that have been particularly pronounced in Latin America. This paper analyzes the causes of these cycles and the lessons that can be derived and applied during the implementation of the petroleum reform in Mexico.

Media reports that Pemex, Mexico's state-owned petroleum company, is looking for buyers for its fertilizer subsidiary may indicate that it is seeking to scale down operations by selling assets and, perhaps more importantly, to withdraw from an economic activity seen as strategic in reducing Mexico´s dependency on imports of basic staples such as corn.

The results of a study conducted by the authors show that unconventional oil and gas development is a job creator at the state level. This document summarizes a report on these results published by Energy Economics.

Although the energy challenge is significant and requires a long-term view to be successfully addressed, long-term goals can be sustainably achieved through fundamental research and development.

Mexico’s energy reforms created a still-developing reality whereby interactions among the players require new rules, new dispute settlement procedures, and far-reaching legal expertise. Importantly, the reforms also redefined the country's prevailing culture and legal norms. This prologue serves as a guide for readers of the series of papers that follow on the impact of energy reforms on Mexico's rule of law.