The Impact of the Crude Oil Subsidy on Economic Efficiency in Canada
Bibliographic Data
| ID | 11969464 |
|---|---|
| Authors | Wayne R Thirsk (corresponding author), Robert R Wright (0000-0002-4101-7840) |
| Year | 1977 |
| Volume | 3 |
| Issue | 3 |
| Pages | 355-355 |
| Publication date | 1977-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Canadian Public Policy (JOURNAL) |
| Journal identifiers | ISSN: 0317-0861 • E-ISSN: 1911-9917 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/3549275 |
| OpenAlex | W2043207153 |
| Language | EN |
| Citations received | 3 |
| References cited | 3 |
The price of crude oil in Canada has been maintained at levels considerably below international prices since 1974. This policy satisfied a number of short-term objectives but, given the apparent long-term nature of high world oil prices, has led to considerable distortions in the Canadian economy. By cancelling incentives to adjust to higher world prices the oil subsidy encourages wasteful consumption and discourages socially profitable production of crude oil in Canada. In this paper we consider the nature and possible extent of the costs to the Canadian economy attributable to this distorted decision making
Agricultural economics · Business · Crude oil · Economics · Market economy · Natural resource economics · Petroleum engineering · Pulp and paper industry · Subsidy · Energy, Environment, and Transportation Policies · Engineering · Environmental Science · Global Energy and Sustainability Research · Market Dynamics and Volatility
| Citations per year | 0.07 |
|---|---|
| Citation span | 1981 - 1989 (9) |
| Highly cited | No |