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150128 ||| eng |
| 020 |
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|a 9781451856132
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| 100 |
1 |
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|a Gupta, Sanjeev
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| 245 |
0 |
0 |
|a Issues in Domestic Petroleum Pricing in Oil-Producing Countries
|c Sanjeev Gupta, Benedict Clements, Kevin Fletcher, Gabriela Inchauste
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2002
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| 300 |
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|a 31 pages
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| 651 |
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4 |
|a Ecuador
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| 653 |
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|a Energy: Demand and Supply
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| 653 |
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|a Wealth
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| 653 |
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|a Oil prices
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| 653 |
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|a Oil
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| 653 |
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|a Investments: Energy
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| 653 |
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|a Saving
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| 653 |
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|a Energy subsidies
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| 653 |
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|a Fuel prices
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| 653 |
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|a Cost-Benefit Analysis
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| 653 |
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|a Petroleum industry and trade
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| 653 |
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|a National accounts
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| 653 |
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|a Expenditure
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| 653 |
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|a Commodities
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| 653 |
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|a Energy: General
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| 653 |
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|a Consumption; Economics
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| 653 |
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|a Expenditures, Public
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| 653 |
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|a Consumption
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| 653 |
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|a Energy and the Macroeconomy
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics: Consumption
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| 653 |
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|a Investment & securities
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| 653 |
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|a Energy industries & utilities
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| 653 |
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|a Public Finance
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| 653 |
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|a Allocative Efficiency
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| 653 |
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|a Energy: Government Policy
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| 700 |
1 |
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|a Clements, Benedict
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| 700 |
1 |
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|a Fletcher, Kevin
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| 700 |
1 |
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|a Inchauste, Gabriela
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781451856132.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2002/140/001.2002.issue-140-en.xml?cid=15963-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a 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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