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Business and Economics > Industries: Energy

You are looking at 1 - 4 of 4 items for :

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  • Manufacturing industries x
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Cover IMF Working Papers
Winning the Oil Lottery: The Impact of Natural Resource Extraction on Growth
Mr. Tiago Cavalcanti, Daniel Da Mata, and Mr. Frederik G Toscani
This paper provides evidence of the causal impact of oil discoveries on development. Novel data on the drilling of 20,000 oil wells in Brazil allows us to exploit a quasi-experiment: Municipalities where oil was discovered constitute the treatment group, while municipalities with drilling but no discovery are the control group. The results show that oil discoveries significantly increase per capita GDP and urbanization. We find positive spillovers to non-oil sectors, specifically, an increase in services GDP which stems from higher output per worker. The results are consistent with greater local demand for non-tradable services driven by highly paid oil workers.
Keywords:
WP; oil discovery; oil sector; oil municipality; oil worker; oil service; oil-producing firm; Oil and Gas; Economic Growth; Urbanization; oil deposit; oil MCAS; oil lottery; Oil; Oil production; Natural resources; Services sector; Manufacturing; Global
Cover Power Play
Power Play
Energy and Manufacturing in North America
Mr. Roberto Cardarelli and Ms. Lusine Lusinyan

Abstract

The recent boom in unconventional energy production is transforming the energy landscape in North America, with important implications for global energy markets and the broader competitiveness outlook. This book, within a unifying policy perspective, examines the impact the upsurge in energy production has had on the manufacturing sectors of the United States, Canada, and Mexico, and of the region as a whole, which produces nearly a quarter of the world’s energy.

Keywords:
BOOK; price; Canada; energy production; electricity price; commodity price; real GDP; energy price; Natural gas sector; Manufacturing; Energy sector; Energy prices; Oil; North America; Global; Asia and Pacific; South America; energy reform; share of U.S.; energy relationship; indirect effect; U.S. Energy Information Administration
Cover IMF Working Papers
Made in Mexico: Energy Reform and Manufacturing Growth
Mr. Jorge A Alvarez and Mr. Fabian Valencia
This paper assesses the real effects of the energy reform in Mexico by looking at its impact on manufacturing output through changes in energy prices. Using sub-sector and state-level manufacturing output data, along with past variation in energy prices, we find electricity prices––relative to oil and gas––to be more important in the manufacturing process, with a one standard deviation reduction in electricity prices leading to a 2.8 percent increase in manufacturing output. Our estimated elasticities together with plausible reductions in electricity tariffs derived from the energy reform, could increase manufacturing output by up to 3.6 percent, and overall real GDP by 0.6 percent. Larger reductions are possible over the long run if increased efficiency in the sector leads electricity prices to converge to U.S. levels. Moreover, including the impact of lower electricity tariffs on the services sector, could lead to significantly larger effects on GDP. Accounting for endogeneity of unit labor costs in a panel VAR setting leads to an additional indirect channel which amplifies the impact of electricity prices on output.
Keywords:
WP; electricity price; energy price; oil price; price effect; growth; energy reform; manufacturing output; electricity; gas; Mexico; panel VAR; transportation cost; input price; oil derivatives price; Manufacturing; Natural gas sector; Energy prices; Oil prices; Global
Cover IMF Staff Country Reports
Brunei Darussalam: Statistical Appendix
International Monetary Fund
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Keywords:
ISCR; CR; gross domestic product; Q1; Q2; consumption expenditure; Brunei Darussalam statistical yearbook; exports of goods; Brunei authorities; Singapore dollar; Transportation; Oil; Gross fixed investment; Oil sector