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Scenario Analysis of the Impact of Reducing the Export Duty on Oil on the Russian Economy within the Framework of the General Equilibrium Model
[Сценарный Анализ Влияния На Российскую Экономику Снижения Экспортной Пошлины На Нефть В Рамках Модели Общего Равновесия]

Author

Listed:
  • Zubarev, Andrey (Зубарев, Андрей)

    () (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Polbin, Andrey (Полбин, Андрей)

    () (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

The article studies macroeconomic effects of reducing oil export duty in the neoclassical general equilibrium model for the Russian economy. It is shown that in the current economic environment with low oil prices, this tax reform can be virtually painless for the economy. At the same time, if considered economic policy measure will force the oil refining industry to modernise its production facilities, there will be a positive effect on output in the economy and the welfare of domestic economic agents in the long run.

Suggested Citation

  • Zubarev, Andrey (Зубарев, Андрей) & Polbin, Andrey (Полбин, Андрей), 2017. "Scenario Analysis of the Impact of Reducing the Export Duty on Oil on the Russian Economy within the Framework of the General Equilibrium Model
    [Сценарный Анализ Влияния На Российскую Экономику Сни
    ," Working Papers 051734, Russian Presidential Academy of National Economy and Public Administration.
  • Handle: RePEc:rnp:wpaper:051734
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    Keywords

    экспортная пошлина на нефть; налоговый маневр; динамические модели общего равновесия; российская экономика; oil export duty; tax reform; DSGE model for the Russian economy;

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