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Record Nr. |
UNINA9910460165303321 |
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Titolo |
Energy subsidies in Latin America and the Caribbean : stocktaking and policy challenges / / Gabriel Di Bella [and five others] ; authorized for distribution by Adrienne Cheasty |
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Pubbl/distr/stampa |
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[Washington, District of Columbia] : , : International Monetary Fund, , 2015 |
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©2015 |
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ISBN |
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1-61635-822-X |
1-4983-7991-5 |
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Descrizione fisica |
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1 online resource (80 p.) |
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Collana |
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IMF Working Paper ; ; WP/15/30 |
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Disciplina |
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Soggetti |
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Natural resources - Latin America |
Energy industries - Latin America |
Fiscal policy - Latin America |
Government business enterprises - Latin America |
Natural resources - Caribbean Area |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Cover; Contents; Executive Summary; I. Introduction; Figures; 1. Energy Subsidies: A Global Perspective (Percent of GDP); II. Taking Stock of Energy Subsidies in LAC countries; Tables; 1. Pre-tax Energy Subsidies (Percent of GDP, average 2011-13); 2. Pre-tax Energy Subsidies (Percent of GDP, average 2011-13; 2. Energy Subsidies and Economic Size (Average 2011-13); A. Fuel Subsidies in LAC; 3. Fuel Subsidies and Energy Richness (Average 2011-13); 4.Gasoline and Diesel Prices Including Taxes; 3. Selected Fuel Price Practices and Financing Regimes in LAC; B. Electricity Subsidies in LAC |
4. Selected Electricity Price Practices and Financing Regimes in LACIII. Policy Challenges for LAC Arising from Energy Subsidies; A. Fiscal Costs; 5. Electricity Subsidies and Measures of Electricity Performance (Average 2011-13); 6. Energy Subsidies and Fiscal Deficits (Percent of GDP, Average 2011-13); B. Fiscal Transparency; 7. Energy Subsidies |
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and Fiscal Revenues (Average 2011-13); C. The Energy Value Chain, SOEs, and Competitiveness; 8. Gasoline and Diesel Prices Net of Taxes; D. External Vulnerabilities; 9. Current Account and Oil Trade Balances |
E. Household Welfare and Income Distribution10. Energy Subsidies and Fiscal Spending (Average 2011-13); F. Environmental and other Negative Externalities; IV. How and When to Reform Subsidy Policy? Experience from LAC countries; 11. Fuel Taxation and Negative Externalities (Current Excise Minus Corrective Tax, US/Liter, 2010); A. How to Rationalize Subsidies?; B. When to Rationalize Subsidies?; Annexes; I: Country Groupings; II: Data Sources; III: A Summary of Energy Policies in LAC countries; Boxes; 1. Measuring Fuel Subsidies by the Price-Gap Approach; 2. Measuring Electricity Subsidies |
3. Energy Subsidies and Country Characteristics4. The Petrocaribe Arrangement; References |
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Sommario/riassunto |
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The oil price decline creates an opportunity to dismantle energy subsidies, which escalatedwith high oil prices. This paper assesses energy subsidies in Latin America and theCaribbean-about 1.8 percent of GDP in 2011-13 (approximately evenly split betweenfuel and electricity), and about 3.8 percent of GDP including negative externalities.Countries with poorer institutions subsidize more. Energy-rich countries subsidize fuelmore, but low-income countries are more likely to subsidize electricity, as are CentralAmerica and the Caribbean. Energy subsidies impose fiscal costs, hurting SOEs,competit |
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