THE EFFECT OF THE ANALYSIS OF CRUDE OIL PRICE AND PETROLEUM PRODUCTS PRICE TAX ON THE MARKET PRICE AND DEMAND VOLUME OF OECD COUNTRY MEMBERS

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SHERAFAT JAHROMI MOHAMMAD NASER; SHAKERI MOHAMMAD

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Journal: JOURNAL OF ECONOMICS AND MODELING (JOURNAL OF ECONOMICS) Year:2010 | Volume:1 | Issue:1 Page(s): 1-21

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Title

THE EFFECT OF THE ANALYSIS OF CRUDE OIL PRICE AND PETROLEUM PRODUCTS PRICE TAX ON THE MARKET PRICE AND DEMAND VOLUME OF OECD COUNTRY MEMBERS

Author(s)

SHERAFAT JAHROMI MOHAMMAD NASER | SHAKERI MOHAMMAD | Issue Writer Certificate

Keywords

OIL PRODUCTSQ2

TAX ON OIL PRODUCTSQ3

ENERGYQ2

OECD MEMBER COUNTRIESQ3

Abstract

Industrial Countries in their Negotiation with oil producing countries particularly OPEC, in view of the fact that an Increase in the price of oil is conducive to the reduction of economic growth, expect efforts on the parts of these countries to control price through increase in production.This paper presents an economy assessing model through reviewing ENERGY policy and goals of price taxes on the petroleum products in OECD countries and petroleum taxes on the petroleum market price.The study reveals that an increase of one percent of crude oil prices will lead to 0.22 percent increase in the market price of the OIL PRODUCTS if the other factors are kept constant. one percent increase in tax leads to 0.61 percent increase in the market price of OIL PRODUCTS and this is exactly three times increase as a result of one percent increase in the price of crude oil. It should be added that if all factors don't change, there would be 0.03 percent reduction in oil demands. An increase of one percent on tax leads to reduction of 0.07 percent product demand (which is a very important factor in the economy of industrialized countries) and its outcome is twice the result of the increase of crude oil. As a result, oil producing countries can argue and barging on the role of tax on OIL PRODUCTS and expect them to fix the price and bring about any modification on taxes.

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APA: Copy

SHERAFAT JAHROMI, MOHAMMAD NASER, & SHAKERI, MOHAMMAD. (2010). THE EFFECT OF THE ANALYSIS OF CRUDE OIL PRICE AND PETROLEUM PRODUCTS PRICE TAX ON THE MARKET PRICE AND DEMAND VOLUME OF OECD COUNTRY MEMBERS. JOURNAL OF ECONOMICS AND MODELING (JOURNAL OF ECONOMICS), 1(1), 1-21. SID. https://sid.ir/paper/216489/en

Vancouver: Copy

SHERAFAT JAHROMI MOHAMMAD NASER, SHAKERI MOHAMMAD. THE EFFECT OF THE ANALYSIS OF CRUDE OIL PRICE AND PETROLEUM PRODUCTS PRICE TAX ON THE MARKET PRICE AND DEMAND VOLUME OF OECD COUNTRY MEMBERS. JOURNAL OF ECONOMICS AND MODELING (JOURNAL OF ECONOMICS)[Internet]. 2010;1(1):1-21. Available from: https://sid.ir/paper/216489/en

IEEE: Copy

MOHAMMAD NASER SHERAFAT JAHROMI, and MOHAMMAD SHAKERI, “THE EFFECT OF THE ANALYSIS OF CRUDE OIL PRICE AND PETROLEUM PRODUCTS PRICE TAX ON THE MARKET PRICE AND DEMAND VOLUME OF OECD COUNTRY MEMBERS,” JOURNAL OF ECONOMICS AND MODELING (JOURNAL OF ECONOMICS), vol. 1, no. 1, pp. 1–21, 2010, [Online]. Available: https://sid.ir/paper/216489/en

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