UID:
almafu_9958123204602883
Umfang:
1 online resource (31 pages)
ISBN:
9786613801654
,
9781462318612
,
1462318614
,
9781452785530
,
1452785538
,
9781282108301
,
1282108301
,
9781451901290
,
1451901291
Serie:
IMF Working Papers
Inhalt:
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.
Anmerkung:
Bibliographic Level Mode of Issuance: Monograph
,
English
Weitere Ausg.:
ISBN 9781451856132
Weitere Ausg.:
ISBN 145185613X
Sprache:
Englisch
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