Scenario Analysis of the Impact of Reducing the Export Duty on Oil on the Russian Economy within the Framework of the General Equilibrium Model

Сценарный анализ влияния на российскую экономику снижения экспортной пошлины на нефть в рамках модели общего равновесия

Andrey Zubarev and Andrey Polbin

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: The article studies macroeconomic effects of reducing oil export duty in the neoclassical general equilibrium model for the Russian economy. It is shown that in the current economic environment with low oil prices, this tax reform can be virtually painless for the economy. At the same time, if considered economic policy measure will force the oil refining industry to modernise its production facilities, there will be a positive effect on output in the economy and the welfare of domestic economic agents in the long run.

Keywords: экспортная пошлина на нефть; налоговый маневр; динамические модели общего равновесия; российская экономика; oil export duty; tax reform; DSGE model for the Russian economy (search for similar items in EconPapers)
Pages: 30 pages
Date: 2017-05
New Economics Papers: this item is included in nep-cis, nep-dge, nep-ene, nep-int, nep-mac and nep-tra
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