DOI: 10.1016/j.enpol.2020.111999
论文题名: To pass (or not to pass) through international fuel price changes to domestic fuel prices in developing countries: What are the drivers?
作者: Kpodar K. ; Imam P.A.
刊名: Energy Policy
ISSN: 03014215
出版年: 2021
卷: 149 语种: 英语
中文关键词: Fuel subsidies
; Pass-through
; Retail fuel prices
英文关键词: Briquetting
; Climate change
; Costs
; Developing countries
; Economic analysis
; Environmental protection
; Sustainable development
; Domestic fuels
; Domestic prices
; Environmental policy
; Exchange rates
; Fuel products
; Income distribution
; Political variables
; Pricing mechanism
; Fuels
; developing world
; exchange rate
; fuel consumption
; price dynamics
; retailing
; subsidy system
英文摘要: This paper attempts to shed light on the drivers causing international fuel prices to be passed through to domestic retail fuel prices. While many developing countries limit the international fuel price pass through to domestic fuel prices, others do not. In the former, large fuel subsidies can emerge, thereby threatening fiscal sustainability, worsening income distribution and setting back efforts to fight climate change. Against this backdrop, we examine the factors that determine whether governments allow international fuel price changes to be passed through to domestic prices in developing countries using a dataset spanning 109 developing countries from 2000 to 2014. The paper finds that the pass-through is higher when changes in international prices are moderate and less volatile. In addition, the flexibility of the pricing mechanism allows for higher pass-through while exchange rate depreciation and lower retail fuel prices in neighboring countries inhibit it. The econometric results also underscore the fact that countries with inflation tend to experience lower pass-through, whereas those with high public debt exhibit larger pass-through. Finally, no evidence is found that political variables or environmental policies matter with regard to fuel price dynamics in the short-term. These findings, which are consistent across fuel products (gasoline, diesel and kerosene), allow us to draw important policy lessons for fuel subsidy reforms. © 2020 Elsevier Ltd Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167872
Appears in Collections: 气候变化与战略
There are no files associated with this item.
作者单位: International Monetary Fund and FERDI, 700, 19th Street NW, Washington, DC, United States
Recommended Citation:
Kpodar K.,Imam P.A.. To pass (or not to pass) through international fuel price changes to domestic fuel prices in developing countries: What are the drivers?[J]. Energy Policy,2021-01-01,149