IDEAS home Printed from https://ideas.repec.org/p/bdr/borrec/287.html
   My bibliography  Save this paper

Mercado Actual de la Gasolina y del ACPM en Colombia e Inflación

Author

Listed:
  • Hernán Rincón
  • Aaron Garavito

Abstract

El objetivo del documento es realizar un análisis descriptivo del mercado de los combustibles en el país, en particular de la gasolina y el ACPM, de la política de precios, los subsidios y los efectos inflacionarios de su desmonte parcial en 2004. De acuerdo al mercado internacional de combustibles, Colombia es uno de los países con los precios y los impuestos más bajo del mundo. Se estima que los subsidios de ECOPETROl al consumo de combustibles le han costado anualmente a la empresa alrededor del 1% del PIB en los últimos cinco años. Si se tienen en cuenta los impuestos al consumo de dichos bienes cobrados por los diferentes niveles de la administración pública, el subsidio real recibido por los consumidores se reduce considerablemente, inclusive al punto de convertirse para algunos años en un verdadero impuesto. Se estima que un incremento en los precios de la gasolina y el ACPM del 20% en 2004 implican una inflación adicional de 0.54%, 0.44% proveniente de la gasolina y 0.1% del ACPM.

Suggested Citation

  • Hernán Rincón & Aaron Garavito, 2004. "Mercado Actual de la Gasolina y del ACPM en Colombia e Inflación," Borradores de Economia 287, Banco de la Republica de Colombia.
  • Handle: RePEc:bdr:borrec:287
    DOI: 10.32468/be.287
    as

    Download full text from publisher

    File URL: https://doi.org/10.32468/be.287
    Download Restriction: no

    File URL: https://libkey.io/10.32468/be.287?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Mr. Gerd Schwartz & Réjane Hugounenq & Mr. Benedict J. Clements, 1995. "Government Subsidies: Concepts, International Trends, and Reform Options," IMF Working Papers 1995/091, International Monetary Fund.
    2. Schwartz, Gerd & Clements, Benedict, 1999. "Government Subsidies," Journal of Economic Surveys, Wiley Blackwell, vol. 13(2), pages 119-147, April.
    3. Guillermo Perry & Eduardo Lora, 1992. "Estrategias de manejo de los precios de los hidrocarburos en el corto y el largo plazo," Coyuntura Económica, Fedesarrollo, vol. 22(2), pages 125-147, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mendoza, Miguel Ángel, 2014. "Panorama preliminar de los subsidios y los impuestos a las gasolinas y diésel en los países de América Latina," Documentos de Proyectos 37431, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Hernán Rincón & Ignacio Lozano & Jorge Ramos, 2008. "Rentas petroleras, subsidios e impuestos a los combustibles en Colombia: ¿Qué ocurrió durante el choque reciente de precios?," Borradores de Economia 541, Banco de la Republica de Colombia.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Enrique Ospina G., 1998. "Importaciones Agropecuarias: A Que Responden?," Borradores de Economia 2817, Banco de la Republica.
    2. Huther, Jeff & Shah, Anwar, 2000. "Anti-corruption policies and programs : a framework for evaluation," Policy Research Working Paper Series 2501, The World Bank.
    3. Su, Zhong-qin & Xiao, Zuoping & Yu, Lin, 2019. "Do political connections enhance or impede corporate innovation?," International Review of Economics & Finance, Elsevier, vol. 63(C), pages 94-110.
    4. Jiang, Haiyan & Hu, Yuanyuan & Zhang, Honghui & Zhou, Donghua, 2018. "Benefits of Downward Earnings Management and Political Connection: Evidence from Government Subsidy and Market Pricing," The International Journal of Accounting, Elsevier, vol. 53(4), pages 255-273.
    5. Yu, Feifei & Wang, Liting & Li, Xiaotong, 2020. "The effects of government subsidies on new energy vehicle enterprises: The moderating role of intelligent transformation," Energy Policy, Elsevier, vol. 141(C).
    6. Sajjad & Zahoor Ul Haq & Zia Ullah, 2018. "Food Price Subsidy and its Effects on Poverty in Khyber Pakhtunkhwa, Pakistan," Global Social Sciences Review, Humanity Only, vol. 3(3), pages 54-73, September.
    7. Barbosa, Luciana & Rodrigues, Artur & Sardinha, Alberto, 2022. "Optimal price subsidies under uncertainty," European Journal of Operational Research, Elsevier, vol. 303(1), pages 471-479.
    8. Yau, Ruey & Chen, Guan-Han, 2021. "Assessing energy subsidy policies in a structural macroeconomic model," Energy Economics, Elsevier, vol. 103(C).
    9. Ardjouma Sombie, 2023. "An empirical analysis using new instrumental variable methods of distributional effects of corruption on public expenditures in developing countries," SN Business & Economics, Springer, vol. 3(3), pages 1-26, March.
    10. Hu, Jinshuai & Jiang, Haiyan & Holmes, Mark, 2019. "Government subsidies and corporate investment efficiency: Evidence from China," Emerging Markets Review, Elsevier, vol. 41(C).
    11. Pierre-André Buigues & Khalid Sekkat, 2011. "Public Subsidies to Business: An International Comparison," Journal of Industry, Competition and Trade, Springer, vol. 11(1), pages 1-24, March.
    12. Lim, Chu Yeong & Wang, Jiwei & Zeng, Cheng (Colin), 2018. "China's “Mercantilist” Government Subsidies, the Cost of Debt and Firm Performance," Journal of Banking & Finance, Elsevier, vol. 86(C), pages 37-52.
    13. Mandal, Biswajit & Ghosh, Sujata, 2019. "Reformatory Policies and Factor Prices in a Developing Economy with Informal Sector," GLO Discussion Paper Series 367, Global Labor Organization (GLO).
    14. Mulder, Arjen, 2008. "Do economic instruments matter? Wind turbine investments in the EU(15)," Energy Economics, Elsevier, vol. 30(6), pages 2980-2991, November.
    15. Richard Harris & Shengyu Li, 2016. "Government Assistance and Total Factor Productivity: Firm-level Evidence from China, 1998-2007," CEGAP Working Papers 2016_04, Durham University Business School.
    16. Wang, Yang & Zhang, Yifei, 2020. "Do state subsidies increase corporate environmental spending?," International Review of Financial Analysis, Elsevier, vol. 72(C).
    17. Qiao, Lu & Fei, Junjun, 2022. "Government subsidies, enterprise operating efficiency, and “stiff but deathless” zombie firms," Economic Modelling, Elsevier, vol. 107(C).
    18. Gandhi, Ved P & Gray, Dale & McMorran, Ronald, 1997. "A comprehensive approach to domestic resource mobilization for sustainable development," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34311, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    19. Richard Harris & Shengyu Li, 2019. "Government assistance and total factor productivity: firm-level evidence from China," Journal of Productivity Analysis, Springer, vol. 52(1), pages 1-27, December.
    20. Huang, Wei, 2020. "Government subsidies, dividend and stock market refinancing of Chinese firms," Finance Research Letters, Elsevier, vol. 37(C).

    More about this item

    Keywords

    Estructura de Mercado; Política de Precios; Precio de Paridad de Importación; Subsidio; Inflación.;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdr:borrec:287. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Clorith Angélica Bahos Olivera (email available below). General contact details of provider: https://edirc.repec.org/data/brcgvco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.