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|z 9781455260379
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a El Harrak, Mohamed.
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|a Oil Spill(over)s :
|b Linkages in Petroleum Product Pricing Policies in West African Countries /
|c Mohamed El Harrak, Antonio David, Lorraine Ocampos, Marshall Mills.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2011.
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|a 1 online resource (30 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 addresses a number of issues regarding petroleum product pricing in Western Africaemphasizing international spillovers. We use panel unit root rests and long-run modeling based on vector error correction models to assess links and convergence in petroleum product prices across countries. Our results indicate that in general over the long-run there is convergence in prices across the countries. The estimation results for gasoline and diesel prices suggest the presence of long-run links between retail prices among the different country groupings with long-run multipliers ranging from 11 to -6.66. The speed of Adjustment to equilibrium varies significantly according to the countrygroupings considered. In contrast, the econometric results for kerosene prices not only indicate a weaker link between prices across countries, but also a much slower adjustment to equilibrium. Inlight of these important spillovers, the need to better coordinate pricing s and tax policies towards petroleum products at the regional level becomes apparent.
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|a Mode of access: Internet
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|a David, Antonio.
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|a Mills, Marshall.
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|a Ocampos, Lorraine.
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|a IMF Working Papers; Working Paper ;
|v No. 2011/102
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2011/102/001.2011.issue-102-en.xml
|z IMF e-Library
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