Fuel price subsidies in Gabon : fiscal cost and distributional impact /

This paper looks at the fiscal cost and distributional impact of implicit fuel price subsidies in Gabon, where fuel prices have remained largely unchanged since 2002. Using estimated implicit import parity prices, we evaluate the total fiscal cost of the subsidies at 3.2 percent of non-oil GDP in 20...

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Online Access: Full text (MCPHS users only)
Main Authors: El-Said, Moataz (Author), Leigh, Daniel (Author)
Corporate Author: International Monetary Fund. Fiscal Affairs Department
Format: Electronic eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Dept., 2006
Series:IMF working paper ; WP/06/243.
Subjects:
Local Note:ProQuest Ebook Central

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100 1 |a El-Said, Moataz,  |e author. 
245 1 0 |a Fuel price subsidies in Gabon :  |b fiscal cost and distributional impact /  |c Moataz El Said and Daniel Leigh. 
260 |a [Washington, D.C.] :  |b International Monetary Fund, Fiscal Affairs Dept.,  |c ©2006. 
300 |a 1 online resource (15 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
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490 1 |a IMF working paper ;  |v WP/06/243 
504 |a Includes bibliographical references. 
505 0 |a ""Contents""; ""I. INTRODUCTION""; ""II. THE MAGNITUDE OF FUEL PRICE SUBSIDIES IN GABON""; ""III. COMPARISON WITH SELECTED DEVELOPING AND EMERGING MARKET COUNTRIES""; ""IV. DISTRIBUTIONAL IMPACT OF FUEL PRICE SUBSIDIES""; ""V. MITIGATING THE EFFECT OF PRICE INCREASES ON THE POOR""; ""VI. CONCLUSION""; ""REFERENCES"" 
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520 |a This paper looks at the fiscal cost and distributional impact of implicit fuel price subsidies in Gabon, where fuel prices have remained largely unchanged since 2002. Using estimated implicit import parity prices, we evaluate the total fiscal cost of the subsidies at 3.2 percent of non-oil GDP in 2005-more than total public health expenditures. We also analyze the distribution of the subsidies using household survey data and find that the bulk of the subsidies benefit higher-income households. Finally, we suggest use of a number of existing programs to provide a more targeted and cost-effective means of protecting the real incomes of lower-income households from the effects of energy price increases. 
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650 0 |a Fuel  |x Prices  |x Government policy  |z Gabon. 
650 0 |a Subsidies  |z Gabon. 
700 1 |a Leigh, Daniel,  |e author. 
710 2 |a International Monetary Fund.  |b Fiscal Affairs Department. 
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