Issues in domestic petroleum pricing in oil-producing countries /
Issues in domestic petroleum pricing in oil-producing countries /
Sanjeev Gupta, Benedict Clements, Kevin Fletcher, and Gabriela Inchauste.
- Washington, D.C. : International Monetary Fund, 2002
- 31 p.
- IMF working paper ; no. WP/02/140 .
Bibliografía: p. 28-31.
This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in most major oil-exporting countries, government policies keep domestic prices below free-market levels, resulting in implicit subsidies that equaled 3.0 percent of GDP, on average, in 1999. Moreover, the paper argues, these petroleum subsidies are inefficient and inequitable-entailing substantial opportunity costs in terms of forgone revenue or productive spending-and also procyclical, complicating macroeconomic management. Nonetheless, the elimination of petroleum subsidies is often politically difficult, although countervailing measures and publicity campaigns can help engender support for reform.
PAISES EXPORTADORES DE PETROLEO
PRECIOS DEL PETROLEO
SUBSIDIOS
338.436655
Bibliografía: p. 28-31.
This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in most major oil-exporting countries, government policies keep domestic prices below free-market levels, resulting in implicit subsidies that equaled 3.0 percent of GDP, on average, in 1999. Moreover, the paper argues, these petroleum subsidies are inefficient and inequitable-entailing substantial opportunity costs in terms of forgone revenue or productive spending-and also procyclical, complicating macroeconomic management. Nonetheless, the elimination of petroleum subsidies is often politically difficult, although countervailing measures and publicity campaigns can help engender support for reform.
PAISES EXPORTADORES DE PETROLEO
PRECIOS DEL PETROLEO
SUBSIDIOS
338.436655