Modernization or Conservation: The Role of Export Duty on Crude Oil and Petroleum Products
AbstractThis paper deals with the analysis of the consequences of the abolition of export duties on crude oil and petroleum products as a necessary measure to create incentives to improve energy efficiency of the Russian economy and the elimination of underdevelopment caused by the unprecedented long-term subsidies to inefficient Russian oil refining. The authors consider three possible scenarios for the abolition of export duties on crude oil and domestic market and the conservation of tax revenues at a constant level.
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Bibliographic InfoPaper provided by Gaidar Institute for Economic Policy in its series Working Papers with number 0042.
Length: 13 pages
Date of creation: 2012
Date of revision: 2012
resource rent; oil refining; export duty on crude oil and petroleum products; energy efficiency of the Russian economy;
Find related papers by JEL classification:
- L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-12-10 (All new papers)
- NEP-CIS-2012-12-10 (Confederation of Independent States)
- NEP-CWA-2012-12-10 (Central & Western Asia)
- NEP-ENE-2012-12-10 (Energy Economics)
- NEP-ENV-2012-12-10 (Environmental Economics)
- NEP-TRA-2012-12-10 (Transition Economics)
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- Georgy Idrisov & Sergey Sinelnikov-Murylev, 2013.
"Budget Policy and Economic Growth,"
0076, Gaidar Institute for Economic Policy, revised 2013.
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