Issues in Domestic Petroleum Pricing in Oil-Producing Countries:
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Bibliographic Details
Main Author: Gupta, Sanjeev (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 2002
Series:IMF Working Papers Working Paper No. 02/140
Links:http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
http://elibrary.imf.org/view/IMF001/03947-9781451856132/03947-9781451856132/03947-9781451856132.xml
Abstract: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
Physical Description:1 Online-Ressource (31 p)
ISBN:145185613X
9781451856132