01841cas a2200265 a 4500 AALejournalIMF002668 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451874525 1018-5941 BD-DhAAL BD-DhAAL Clements, Benedict. Real and Distributive Effects of Petroleum Price Liberalization : The Case of Indonesia / Benedict Clements, Sanjeev Gupta, Hong-Sang Jung. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (19 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The impact of higher petroleum prices on the aggregate price level, real growth, and income distribution is appraised within a multisector computable general equilibrium (CGE) model. A reduction in the government subsidy raises petroleum prices and production costs throughout the economy. Consumer demand, production, and income decline as output prices increase and consumer purchasing power decreases. The model is applied to and calibrated for Indonesia. The simulated results predict a slight increase in price level and a slight decrease in output. An important result is that urban household groups will be the most significantly affected by the subsidy reduction. Mode of access: Internet Gupta, Sanjeev. Jung, Hong-Sang. IMF Working Papers; Working Paper ; No. 2003/204 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/204/001.2003.issue-204-en.xml IMF e-Library