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|c 5.00 USD
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|z 9781451856132
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|a 1018-5941
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|a BD-DhAAL
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|a Gupta, Sanjeev.
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|a Issues in Domestic Petroleum Pricing in Oil-Producing Countries /
|c Sanjeev Gupta, Benedict Clements, Kevin Fletcher, Gabriela Inchauste.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2002.
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|a 1 online resource (31 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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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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|a Mode of access: Internet
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|a Clements, Benedict.
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|a Fletcher, Kevin.
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|a Inchauste, Gabriela.
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|a IMF Working Papers; Working Paper ;
|v No. 2002/140
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2002/140/001.2002.issue-140-en.xml
|z IMF e-Library
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