| Description |
1 online resource (31 pages) |
| Series |
1\ IMF Working Papers; Working Paper ; No. 02/140, 1018-5941 |
|
IMF Working Papers; Working Paper ; No. 02/140
|
| Summary |
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 |
| Notes |
English |
|
Description based on print version record |
| Form |
Electronic book
|
| Author |
Clements, Benedict J
|
|
Fletcher, Kevin
|
|
Gupta, Sanjeev
|
|
Inchauste, Gabriela
|
| ISBN |
145185613X |
|
9781451856132 |
|
1462318614 |
|
9781462318612 |
|
1452785538 |
|
9781452785530 |
|
1282108301 |
|
9781282108301 |
|
9786613801654 |
|
6613801658 |
|
1451901291 |
|
9781451901290 |
|
