气候变化领域集成服务门户(CCPortal): To pass (or not to pass) through international fuel price changes to domestic fuel prices in developing countries: What are the drivers?

CCPortal

DOI	10.1016/j.enpol.2020.111999
	To pass (or not to pass) through international fuel price changes to domestic fuel prices in developing countries: What are the drivers?
	Kpodar K.; Imam P.A.
发表日期	2021
ISSN	03014215
卷号	149
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
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
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205196
作者单位	International Monetary Fund and FERDI, 700, 19th Street NW, Washington, DC, United States
推荐引用方式 GB/T 7714	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],2021,149.
APA	Kpodar K.,&Imam P.A..(2021).To pass (or not to pass) through international fuel price changes to domestic fuel prices in developing countries: What are the drivers?.Energy Policy,149.
MLA	Kpodar K.,et al."To pass (or not to pass) through international fuel price changes to domestic fuel prices in developing countries: What are the drivers?".Energy Policy 149(2021).