Regional effect of energy reform in Mexico: A model of regional computable general equilibrium

  • Aída B. Armenta R. Universidad Juárez Autónoma de Tabasco
  • Diane Flaherty University of Massachusetts, Amherst
  • Bill Gibson University of Vermont
  • Jorge Salazar-Carrillo Florida International University
Keywords: compact computable general equilibrium, social accounting matrix, education, skilled labor, human capital
JEL Classification: C68, E37, I22, O21, Q32, Q38

Abstract

This paper presents a compact, dynamic computable general equilibrium model for the state of Tabasco, Mexico, calibrated to a social accounting matrix for 2003. Two simulations are presented: la reforma studies the impact of the recent energy reform in Mexico with more income from the petroleum production retained and invested in the educational sector. A second simulation, aguas profundas, invests in advanced petroleum technology. La reforma results in greater production, employment, equality and less poverty while aguas profundas generates more skilled employment and attracts more resources, national and international, to the region.

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Published
01-01-2020