Taxation of Oil Products and GDP Dynamics of Oil-Rich Countries

Daubanes, Julien (2009) Taxation of Oil Products and GDP Dynamics of Oil-Rich Countries. TSE Working Paper, n. 09-012

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Official URL: http://tse-fr.eu/pub/22138

Abstract

This article proposes a complementary explanation for why oil-rich economies have experienced a relative low GDP growth over the last decades: the proportion of taxes in the prices of petroleum products have been globally increasing in the last four decades, making oil revenues grow slower than output from manufacturing and yielding a low GDP growth for oil-exporting countries. This is illustrated in a two-country model of oil depletion which examines why a net oil-exporting
country and a net oil-importing country are differently affected by increased taxes on resource use. The hypothesis is constructed on the theory of non-renewableresources taxation. The argument is based on the distributional effects of taxes on exhaustible resources, which are mainly borne by the suppliers. The theoretical predictions are not invalidated by available statistics.

Item Type: Monograph (Working Paper)
Language: French
Date: 12 February 2009
Uncontrolled Keywords: oil curse, non-renewable resources, taxes, oil revenues, GDP
JEL codes: F4 - Macroeconomic Aspects of International Trade and Finance
O4 - Economic Growth and Aggregate Productivity
Q3 - Nonrenewable Resources and Conservation
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 09 Jul 2014 17:06
Last Modified: 07 Mar 2018 13:22
OAI ID: oai:tse-fr.eu:22138
URI: http://publications.ut-capitole.fr/id/eprint/15011

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