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Title Oil spill(over)s : linkages in petroleum product pricing policies in West African countries / Antonio C. David [and others].
Imprint [Washington, D.C.] : International Monetary Fund, 2011.

LOCATION CALL # STATUS MESSAGE
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LOCATION CALL # STATUS MESSAGE
 OHIOLINK IMF EBOOKS    ONLINE  
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Series IMF working paper ; WP/11/102
IMF working paper ; WP/11/102.
Subject Petroleum products -- Prices -- Africa, West -- Econometric models.
Alt Name David, Antonio C.,
International Monetary Fund,
Description 1 online resource (33 pages) : color illustrations
Summary This paper addresses a number of issues regarding petroleum product pricing in Western Africa emphasizing international spillovers. We use panel unit root rests and long-run modeling based on vector error correction models to assess links and convergence in petroleum product prices across countries. Our results indicate that in general over the long-run there is convergence in prices across the countries. The estimation results for gasoline and diesel prices suggest the presence of long-run links between retail prices among the different country groupings with long-run multipliers ranging from 11 to -6.66. The speed of Adjustment to equilibrium varies significantly according to the country groupings considered. In contrast, the econometric results for kerosene prices not only indicate a weaker link between prices across countries, but also a much slower adjustment to equilibrium. In light of these important spillovers, the need to better coordinate pricings and tax policies towards petroleum products at the regional level becomes apparent.
Bibliography Note Includes bibliographical references.
Contents Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Cross-Country Experiences on Petroleum Pricing Policies; III. Linkages and Convergence in Petroleum Product Prices in West Africa; IV. Conclusions and Policy Implications; A. Annex: Variables Definitions and Sources; B. Annex: Panel Unit Root Tests for Gasoline, Kerosene and Diesel Prices; C. Annex: Panel Unit Root Tests for International Relative Prices; V. References; Footnotes.
Note English.
ISBN 1455256331
9781455256334
9781455260379
1455260371
1283552582
9781283552585
9781462387922
1462387926
1462395996
9781462395996
9786613865038
6613865036
ISBN/ISSN 10.5089/9781455256334.001
OCLC # 746494665
Additional Format Print version: El Harrak, Mohamed. Oil Spill(over)s: Linkages in Petroleum Product Pricing Policies in West African Countries. Washington : International Monetary Fund, 2011 9781455260379



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