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Issues in Domestic Petroleum Pricing in Oil-Producing Countries

Mr.Benedict J. ClementsMr.Kevin FletcherMr.Sanjeev GuptaMs.Gabriela Inchauste

出版	International Monetary Fund, 2002-08-01
主題	Business & Economics / Economics / MacroeconomicsBusiness & Economics / Investments & Securities / Commodities / EnergyBusiness & Economics / Public Finance
ISBN	145185613X9781451856132
URL	http://books.google.com.hk/books?id=POlfwgEACAAJ&hl=&source=gbs_api

註釋

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.