Distributional Effects of Oil Price Changes on Household Income - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Distributional Effects of Oil Price Changes on Household Income write by Kangni Kpodar. This book was released on 2010. Distributional Effects of Oil Price Changes on Household Income available in PDF, EPUB and Kindle.
Distributional Effects of Oil Price Changes on Household Expenditures: Evidence from Mali
Distributional Effects of Oil Price Changes on Household Expenditures: Evidence from Mali - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Distributional Effects of Oil Price Changes on Household Expenditures: Evidence from Mali write by Kangni Kpodar. This book was released on 2006-03. Distributional Effects of Oil Price Changes on Household Expenditures: Evidence from Mali available in PDF, EPUB and Kindle. Using an input-output approach, this paper assesses the distributional effects of a rise in various petroleum product prices in Mali. The results show that, although rising gasoline and diesel prices affect mainly nonpoor households, rising kerosene prices are most harmful to the poor. Overall, the impact of fuel prices on household budgets displays a U-shaped relationship with expenditure per capita. Regardless of the oil product considered, highincome households would benefit disproportionately from oil price subsidies. This suggests that a petroleum price subsidy is an ineffective mechanism for protecting the income of poor households compared with a targeted subsidy.
The Distributional Implications of the Impact of Fuel Price Increases on Inflation
The Distributional Implications of the Impact of Fuel Price Increases on Inflation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Distributional Implications of the Impact of Fuel Price Increases on Inflation write by Mr. Kangni R Kpodar. This book was released on 2021-11-12. The Distributional Implications of the Impact of Fuel Price Increases on Inflation available in PDF, EPUB and Kindle. This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Economy-wide and Distributional Impacts of an Oil Price Shock on the South African Economy
Economy-wide and Distributional Impacts of an Oil Price Shock on the South African Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economy-wide and Distributional Impacts of an Oil Price Shock on the South African Economy write by B. Essama-Nssah. This book was released on 2007. Economy-wide and Distributional Impacts of an Oil Price Shock on the South African Economy available in PDF, EPUB and Kindle. Abstract: As crude oil prices reach new highs, there is renewed concern about how external shocks will affect growth and poverty in developing countries. This paper describes a macro-micro framework for examining the structural and distributional consequences of a significant external shock-an increase in the world price of oil-on the South African economy. The authors merge results from a highly disaggregative computable general equilibrium model and a micro-simulation analysis of earnings and occupational choice based on socio-demographic characteristics of the household. The model provides changes in employment, wages, and prices that are used in the micro-simulation. The analysis finds that a 125 percent increase in the price of crude oil and refined petroleum reduces employment and GDP by approximately 2 percent, and reduces household consumption by approximately 7 percent. The oil price shock tends to increase the disparity between rich and poor. The adverse impact of the oil price shock is felt by the poorer segment of the formal labor market in the form of declining wages and increased unemployment. Unemployment hits mostly low and medium-skilled workers in the services sector. High-skilled households, on average, gain from the oil price shock. Their income rises and their spending basket is less skewed toward food and other goods that are most affected by changes in oil prices.
Economy-Wide and Distributional Impacts of an Oil Price Shock on the South African Economy
Economy-Wide and Distributional Impacts of an Oil Price Shock on the South African Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economy-Wide and Distributional Impacts of an Oil Price Shock on the South African Economy write by B. Essama-Nssah. This book was released on 2017. Economy-Wide and Distributional Impacts of an Oil Price Shock on the South African Economy available in PDF, EPUB and Kindle. As crude oil prices reach new highs, there is renewed concern about how external shocks will affect growth and poverty in developing countries. This paper describes a macro-micro framework for examining the structural and distributional consequences of a significant external shock-an increase in the world price of oil-on the South African economy. The authors merge results from a highly disaggregative computable general equilibrium model and a micro-simulation analysis of earnings and occupational choice based on socio-demographic characteristics of the household. The model provides changes in employment, wages, and prices that are used in the micro-simulation. The analysis finds that a 125 percent increase in the price of crude oil and refined petroleum reduces employment and GDP by approximately 2 percent, and reduces household consumption by approximately 7 percent. The oil price shock tends to increase the disparity between rich and poor. The adverse impact of the oil price shock is felt by the poorer segment of the formal labor market in the form of declining wages and increased unemployment. Unemployment hits mostly low and medium-skilled workers in the services sector. High-skilled households, on average, gain from the oil price shock. Their income rises and their spending basket is less skewed toward food and other goods that are most affected by changes in oil prices.
