Publication:
Political Determinants of Fossil Fuel Pricing

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dc.contributor.authorvan Beers, Cees
dc.contributor.authorStrand, Jon
dc.date.accessioned2013-09-04T15:57:54Z
dc.date.available2013-09-04T15:57:54Z
dc.date.issued2013-05
dc.description.abstractThis paper provides an empirical analysis of economic and political determinants of gasoline and diesel prices for about 200 countries over the period 1991-2010. A range of both political and economic variables are found to systematically influence fuel prices, and in ways that differ systematically with countries per-capita income levels. For democracies, the analysis finds that fuel prices correlate positively with both duration of democracy and tenure of democratic leaders. In non-democratic societies there is more often no such relationship or it is the opposite of that for democracies. Regime switches -- transitions from non-democratic to democratic government, or vice versa -- reduce fuel prices. Fuel prices are also lower for more corrupt, or more centralized, governments. Higher levels of gross domestic product per capita lead to higher fuel prices, while export income from selling fossil fuels reduces these prices dramatically. Higher motor fuel consumption also appears to reduce fuel prices, most for gasoline. Absolute "pass-through" of crude oil price changes to fuel prices is found to be high on average.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/05/17784262/political-determinants-fossil-fuel-pricing
dc.identifier.doi10.1596/1813-9450-6470
dc.identifier.urihttps://hdl.handle.net/10986/15569
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6470
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO ENERGY
dc.subjectAVAILABILITY
dc.subjectBARRIER
dc.subjectBENCHMARK
dc.subjectCAR
dc.subjectCAR OWNERS
dc.subjectCAR OWNERSHIP
dc.subjectCARBON EMISSIONS
dc.subjectCARS
dc.subjectCLIMATE CHANGE
dc.subjectCOMMODITIES
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMERS
dc.subjectCONSUMPTION LEVELS
dc.subjectCOST OF ENERGY
dc.subjectCOUNTRY FIXED EFFECT
dc.subjectCRUDE OIL
dc.subjectCRUDE OIL PRICE
dc.subjectDEBT
dc.subjectDEMAND FOR GASOLINE
dc.subjectDEMOCRACIES
dc.subjectDEMOCRACY
dc.subjectDEMOCRATIC SOCIETIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT POLICY
dc.subjectDEVELOPMENT PROJECTS
dc.subjectDIESEL
dc.subjectDIESEL USE
dc.subjectDOMESTIC ENERGY
dc.subjectDOMESTIC MARKET
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC SYSTEMS
dc.subjectECONOMIES OF SCALE
dc.subjectELECTRICITY
dc.subjectEMPLOYMENT
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY COSTS
dc.subjectENERGY EXPORTS
dc.subjectENERGY PRICES
dc.subjectENERGY PRICING
dc.subjectENERGY PRODUCTION
dc.subjectENERGY SUPPLY
dc.subjectENERGY USE
dc.subjectEXPORT MARKETS
dc.subjectEXPORTS
dc.subjectEXTERNALITIES
dc.subjectEXTERNALITY
dc.subjectFOSSIL
dc.subjectFOSSIL ENERGY
dc.subjectFOSSIL FUEL
dc.subjectFOSSIL FUEL CONSUMPTION
dc.subjectFOSSIL FUEL ENDOWMENTS
dc.subjectFOSSIL FUEL ENERGY
dc.subjectFOSSIL FUEL PRICES
dc.subjectFOSSIL FUEL USE
dc.subjectFOSSIL FUELS
dc.subjectFUEL CONSUMPTION
dc.subjectFUEL PRICE
dc.subjectFUEL PRICES
dc.subjectFUEL PRODUCERS
dc.subjectFUEL PUMP
dc.subjectFUEL SUBSIDIES
dc.subjectFUEL TAX
dc.subjectFUEL TAX RATES
dc.subjectFUEL TAXATION
dc.subjectFUEL TAXES
dc.subjectFUEL VOLUME
dc.subjectGAS CONSUMPTION
dc.subjectGAS PRICES
dc.subjectGASOLINE
dc.subjectGASOLINE CONSUMPTION
dc.subjectGASOLINE PRICES
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL CLIMATE
dc.subjectGLOBAL CLIMATE CHANGE
dc.subjectGOVERNANCE INDICATORS
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGRID CONNECTIONS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS DOMESTIC PRODUCT PER CAPITA
dc.subjectINCOME
dc.subjectINCOME GROUP
dc.subjectINCOME GROUPS
dc.subjectINCOME LEVELS
dc.subjectKEROSENE
dc.subjectKEROSENE SUBSIDIES
dc.subjectLESS DEVELOPED COUNTRIES
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMARKET PRICE
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMONOPOLIES
dc.subjectMOTOR FUEL
dc.subjectMOTOR FUELS
dc.subjectMOTOR VEHICLE
dc.subjectMOTOR VEHICLE TRAFFIC
dc.subjectMOTOR VEHICLE USE
dc.subjectMOTOR VEHICLES
dc.subjectNATURAL GAS
dc.subjectNEGATIVE EXTERNALITIES
dc.subjectNET OIL
dc.subjectOIL EXPORTER
dc.subjectOIL EXPORTERS
dc.subjectOIL IMPORTING COUNTRIES
dc.subjectOIL OUTPUT
dc.subjectOIL PRICES
dc.subjectOIL SUPPLY
dc.subjectOPPORTUNITY COSTS
dc.subjectPASSENGER CARS
dc.subjectPOLITICAL BUSINESS CYCLE
dc.subjectPOLITICAL DETERMINANTS
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL POWER
dc.subjectPOLITICAL REGIME
dc.subjectPOLITICAL STABILITY
dc.subjectPOLITICAL SYSTEM
dc.subjectPOLLUTION
dc.subjectPOLLUTION LEVELS
dc.subjectPOSITIVE EFFECTS
dc.subjectPOVERTY ALLEVIATION
dc.subjectPOWER
dc.subjectPOWER DISTRIBUTION
dc.subjectPOWER PARITY
dc.subjectPRICE CHANGES
dc.subjectPRICE DISTORTIONS
dc.subjectPRICE INCREASES
dc.subjectPRICE LEVELS
dc.subjectPRIVATE TRANSPORT
dc.subjectPROPORTIONAL REPRESENTATION
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC GOOD
dc.subjectPURCHASING POWER
dc.subjectREGIME CHANGE
dc.subjectREGULAR GASOLINE
dc.subjectRESTRICTIONS
dc.subjectROAD
dc.subjectROAD TRAFFIC
dc.subjectROAD TRANSPORT
dc.subjectROADS
dc.subjectSAFETY
dc.subjectTAX
dc.subjectTAX REVENUE
dc.subjectTAX REVENUES
dc.subjectTRANSPORTATION
dc.subjectTRAVEL DISTANCES
dc.subjectTRUE
dc.subjectUTILITIES
dc.subjectVEHICLES
dc.subjectVOTERS
dc.subjectWEALTH
dc.subjectWORLD MARKET
dc.titlePolitical Determinants of Fossil Fuel Pricingen
dspace.entity.typePublication
okr.crossref.titlePolitical Determinants of Fossil Fuel Pricing
okr.date.disclosure2013-05-01
okr.date.doiregistration2025-04-10T11:48:02.937755Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2013/05/17784262/political-determinants-fossil-fuel-pricing
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.globalpracticeEnergy and Extractives
okr.guid675861468168852442
okr.identifier.doi10.1596/1813-9450-6470
okr.identifier.externaldocumentum000158349_20130531103221
okr.identifier.internaldocumentum17784262
okr.identifier.reportWPS6470
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/05/31/000158349_20130531103221/Rendered/PDF/WPS6470.pdfen
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicTransport Economics Policy and Planning
okr.topicTransport and Environment
okr.topicEnergy::Energy Production and Transportation
okr.topicMacroeconomics and Economic Growth
okr.topicTransport
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublicationc9d5219c-9076-5386-b0d2-03bab820c61d
relation.isAuthorOfPublication.latestForDiscoveryc9d5219c-9076-5386-b0d2-03bab820c61d
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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