BIBLIOTECA MANUEL BELGRANO - Facultad de Ciencias Económicas - UNC

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Issues in domestic petroleum pricing in oil-producing countries / Sanjeev Gupta, Benedict Clements, Kevin Fletcher, and Gabriela Inchauste.

Colaborador(es): Tipo de material: TextoTextoSeries IMF working paper ; no. WP/02/140Detalles de publicación: Washington, D.C. : International Monetary Fund, 2002Descripción: 31 pTema(s): Clasificación CDD:
  • 21 338.436655
Recursos en línea: Resumen: 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.
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Documento Documento Biblioteca Manuel Belgrano F 338.436655 I 20828 (Navegar estantería(Abre debajo)) Disponible 20828 F

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.

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