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Modernization or Conservation: The Role of Export Duty on Crude Oil and Petroleum Products

Author

Listed:
  • Georgy Idrisov

    (Gaidar Institute for Economic Policy)

  • Sergey Sinelnikov-Murylev

    (Gaidar Institute for Economic Policy)

Abstract

This 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.

Suggested Citation

  • Georgy Idrisov & Sergey Sinelnikov-Murylev, 2012. "Modernization or Conservation: The Role of Export Duty on Crude Oil and Petroleum Products," Working Papers 0042, Gaidar Institute for Economic Policy, revised 2012.
  • Handle: RePEc:gai:wpaper:0042
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    File URL: http://www.iep.ru/files/RePEc/gai/wpaper/0042Sinelnikov.pdf
    File Function: Revised version, 2012
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    Cited by:

    1. Georgy Idrisov & Sergey Sinelnikov-Murylev, 2014. "Forming Sources for a Long-run Growth: How to Understand Them?," Working Papers 0096, Gaidar Institute for Economic Policy, revised 2014.
    2. G. Idrisov & S. Sinelnikov-Murylev., 2013. "Budget Policy and Economic Growth," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.

    More about this item

    Keywords

    resource rent; oil refining; export duty on crude oil and petroleum products; energy efficiency of the Russian economy;

    JEL classification:

    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels

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