TY  - BOOK
AU  - Gupta,Sanjeev
AU  - Clements,Benedict
AU  - Fletcher,Kevin
AU  - Inchauste,Gabriela
TI  - Issues in domestic petroleum pricing in oil-producing countries
T2  - IMF working paper
U1  - 338.436655 21
PY  - 2002///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - PAISES EXPORTADORES DE PETROLEO
KW  - PRECIOS DEL PETROLEO
KW  - SUBSIDIOS
N1  - Bibliografía: p. 28-31
N2  - 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
UR  - http://www.imf.org/external/pubs/ft/wp/2002/wp02140.pdf
ER  -