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William D. Watson, “Economic Prospects for the Gulf Cooperation Council.” This paper discusses the economic prospects for the six members of the Gu...
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William D. Watson, “Economic Prospects for the Gulf Cooperation Council.” This paper discusses the economic prospects for the six members of the Gulf Cooperation Council (GCC): Saudi Arabia, Kuwait, the United Arab Emirates (U.A.E.), Oman, Qatar, and Bahrain in the aftermath of the first Gulf War.
Abdul-razak F. Al-Faris, “Income and Price Elasticities of Gasoline Demand in the Organization of Arab Petroleum Exporting Countries.” This paper looks at elasticities of demand for gasoline in the 11 countries that compose the Organization of Arab Petroleum Exporting Countries (OAPEC), which includes Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Qatar, Iraq, Egypt, Syria, Algeria, Libya, and Tunisia.
Noel D. Uri and Roy Boyd, “Redistributing the Energy Tax Burden in the Philippines.” Crude oil and refined petroleum products are taxed in a variety of ways by the Philippine government and constitute approximately 25 percent of the government’s total revenue. Concern has been raised that this concentration of the tax base on a single industry is very inefficient and has potentially debilitating effects for the overall growth of the economy. This paper seeks to address the true costs to the Philippine economy of a policy that taxes the petroleum industry so heavily, in terms of lost output, lower expenditures on consumer goods and services, and reduced household income,.
Bhaskar Natarajan and Bhavna Bhatia, “Comparison of Energy Prices for Different End-Use Sectors in Bangladesh.” Energy pricing in developing countries differs dramatically from that in developed countries. In large part this is because in developing countries the government controls energy pricing, often times fixing prices over long periods of time and with little or no relation to the globally set market price for energy. For policy makers in developing countries, political and social considerations frequently outweigh economic considerations in energy pricing, resulting in a complex mix of taxation and subsidies. Thus, having an efficient energy pricing mechanism is extremely important in developing countries as it will affect energy demand patterns, investments in energy and use of alternatives, and social equity. This paper looks at these issues in the case of Bangladesh and evaluates how that country’s economy should move with respect to alternative energy sources of commercial energy for different end uses.
B.W. Ang, “Restraining Automobile Ownership and Usage and Transportation Energy Demand: The Case of Singapore.” This paper looks at the impact of transportation and traffic management approaches that have been implemented in Singapore.
Javed Ashraf and Farhan Sabih, “Welfare Implications of Ramsey-Boiteux Pricing of Electricity in Pakistan.” This study analyzes the economic and welfare implications of electricity pricing in the Pakistan. The authors use Ramsey-Boiteux pricing for different sectors of the Pakistani economy to assess how closely existing pricing in the electricity sector is to second-best optimal pricing.
Suleiman A. Bengharsa, “The Egyptian Natural Gas Remedy.” Egypt’s economy is challenged with a rapidly increasing demand in energy consumption while the country’s domestic crude oil production has been stagnating and is anticipated to decline in the future. Given that Egypt is a net oil exporter, rising internal demand for oil coupled with less production could translate into less oil available for export resulting in decreased foreign-exchange supplies and difficulty in repaying the nation’s external debt. This paper looks at the ways in which Egyptian energy subsidies have distorted the true economic costs and led to artificially-high energy demand and usage.
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