The Political Economy of Hydrocarbon Wealth and Fuel Prices

منو

" The Political Economy of Hydrocarbon Wealth and Fuel Prices "
Mahdavi, Paasha; Ross, Michael

Document Type	:	AL
Record Number	:	910371
Doc. No	:	LA9b74d280
Title & Author	:	The Political Economy of Hydrocarbon Wealth and Fuel Prices [Article]\ Mahdavi, Paasha; Ross, Michael
Date	:	2017
Title of Periodical	:	UC Berkeley
Abstract	:	All governments either tax or subsidize the consumption of fossil fuels. These pricing policies have far-reaching consequences not only for the environment, but also for governance and economic development. In this state-of-knowledge paper, we examine previous research on fossil fuel subsidies, noting areas that are understudied in the context of determinants of price policies and causes for policy reform. We then describe new data on implicit gasoline taxes and subsidies, report global trends, and explore the relationship between oil wealth and government policies. We conclude with actionable ideas for future research projects.