Modernization or Conservation: The Role of Export Duty on Crude Oil and Petroleum Products
13 Pages Posted: 22 Oct 2012 Last revised: 31 Oct 2012
Date Written: March 15, 2012
This paper deals with the analysis of the consequences of the abolition of export duties on crude oil and petroleum products as a necessary measure to create incentives to improve energy efficiency of the Russian economy and the elimination of underdevelopment caused by the unprecedented long-term subsidies to inefficient Russian oil refining. The authors consider three possible scenarios for the abolition of export duties on crude oil and domestic market and the conservation of tax revenues at a constant level.
Keywords: resource rent, oil refining, export duty on crude oil and petroleum products, energy efficiency of the Russian economy
JEL Classification: L71
Suggested Citation: Suggested Citation