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LIBRIS Formathandbok  (Information om MARC21)
FältnamnIndikatorerMetadata
00003145naa a2200325 4500
001oai:DiVA.org:ltu-66470
003SwePub
008171108s2017 | |||||||||||000 ||eng|
024a https://urn.kb.se/resolve?urn=urn:nbn:se:ltu:diva-664702 URI
024a https://doi.org/10.1016/j.eneco.2017.10.0122 DOI
040 a (SwePub)ltu
041 a engb eng
042 9 SwePub
072 7a ref2 swepub-contenttype
072 7a art2 swepub-publicationtype
100a Akimaya, Muhammadu Colorado School of Mines4 aut
2451 0a Simulation of price controls for different grade of gasoline :b The case of Indonesia
264 1b Elsevier,c 2017
338 a print2 rdacarrier
500 a Validerad;2017;Nivå 2;2017-11-08 (andbra)
520 a A gasoline subsidy is one of the most prevalent strategies for distributing welfare to the people in oil-producing countries. However well-intentioned, the policy will distort the gasoline market with the resulting inefficiencies. Furthermore, the gasoline subsidy takes a great amount of government's budget. Arguably, these funds could be spent elsewhere with a greater impact on economic growth. These governments are aware of the cost of such a policy, yet face difficulties in removing the policy because of strong resistance from the public. This paper looks at the unique case of Indonesia that only provides a subsidy for regular gasoline and in turn proposes an alternative policy that introduces a subsidy for premium gasoline at a lower rate to reduce the overall gasoline subsidy cost. There has yet to be any research that simulates price controls for gasoline with different grades. The aggregate demand for gasoline in Indonesia is replicated using a translog cost calibration approach. Simulations based on the calibrated demand are then performed and the results confirm the existence of potential savings that are largely determined by the cross-price elasticities between regular and premium gasoline. The benchmark scenario, based on a recent study of substitutability between gasoline by grades, results in an 11.5% reduction in subsidy cost of around 950 million USD with a subsidy rate of Rp 2254/liter. Furthermore, the optimal rate of subsidy for premium gasoline results in a reduction of inefficiency as consumers' welfare increase by 6.8 trillion rupiahs (or 560 million USD).
650 7a SAMHÄLLSVETENSKAPx Ekonomi och näringslivx Nationalekonomi0 (SwePub)502012 hsv//swe
650 7a SOCIAL SCIENCESx Economics and Businessx Economics0 (SwePub)502012 hsv//eng
653 a Economics
653 a Nationalekonomi
700a Dahl, Carolu Luleå tekniska universitet,Samhällsvetenskap,Mineral and Energy Economics Program and Payne Institute of Earth Resources, Division of Economics and Business, Colorado School of Mines, Golden, CO4 aut0 (Swepub:ltu)cardah
710a Colorado School of Minesb Samhällsvetenskap4 org
773t Energy Economicsd : Elsevierg 68, s. 373-382q 68<373-382x 0140-9883x 1873-6181
8564 8u https://urn.kb.se/resolve?urn=urn:nbn:se:ltu:diva-66470
8564 8u https://doi.org/10.1016/j.eneco.2017.10.012

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