Some Aspects of Petroleum Product Price Adjustment in the Context of Fund Programs, 1980-1982 [electronic resource]

International Monetary Fund
Washington, D.C. : International Monetary Fund, 1987.
IMF eLibrary
IMF Working Papers
Government document
1 online resource (35 p.)
Local subjects:
Adjustment period. (search)
Adjustment process. (search)
Balance of payments. (search)
Current account balance. (search)
Domestic price. (search)
Domestic prices. (search)
Exchange rate movements. (search)
Exchange rate policies. (search)
Exchange rate regimes. (search)
Export price. (search)
Export prices. (search)
Exporting countries. (search)
External financing. (search)
External position. (search)
External shocks. (search)
Gasoline taxation. (search)
Higher oil prices. (search)
Import taxes. (search)
Importing countries. (search)
Member country. (search)
Oil consumers. (search)
Oil demand. (search)
Oil developing countries. (search)
Oil exporters. (search)
Oil exporting countries. (search)
Oil facility. (search)
Oil import. (search)
Oil importers. (search)
Oil importing countries. (search)
Oil imports. (search)
Oil price changes. (search)
Oil prices. (search)
Oil producers. (search)
Oil producing. (search)
Oil products. (search)
Oil sector. (search)
Oil shock. (search)
Oil subsidies. (search)
Petroleum imports. (search)
Petroleum prices. (search)
Petroleum pricing. (search)
Petroleum product prices. (search)
Petroleum product pricing. (search)
Petroleum product taxation. (search)
Petroleum production. (search)
Petroleum products. (search)
Political economy. (search)
Process of development. (search)
Terms of trade. (search)
Trading partners. (search)
Transport tariffs. (search)
World economy. (search)
World market. (search)
World oil prices. (search)
World prices. (search)
Botswana. (search)
Burkina Faso. (search)
Cameroon. (search)
Congo, Democratic Republic of the. (search)
El Salvador. (search)
Equatorial Guinea. (search)
Guinea. (search)
Samoa. (search)
Sri Lanka. (search)
This paper reviews adjustment in oil imports and domestic pricing policies affecting petroleum under Fund-supported programs. The adjustment of countries with Fund-supported programs (during 1980–82) following the two oil price shocks is compared with that of the nonprogram countries, to evaluate the impact of the Fund’s decision to emphasize adjustment after 1979–80 as opposed to providing more financing after 1973–74. The relatively stronger adjustment to the second oil price shock, by program countries underpinned by evidence of adoption of important petroleum pricing policies and support measures in a program context, provides evidence that the Fund contributed to the adjustment and energy conservation effort.
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