Literatura académica sobre el tema "Fuel – Prices – Government policy"

Price of international oil and gas has fluctuatively increased from time to time. The reality encourages the government of Susilo Bambang Yudhoyono (SBY) to raise (or adjust) the price of fuel in the country. Viewed from the history, since the era of President Soekarno, Soeharto, Megawati, and Gusdur fuel price increase policy has always been controversial, inviting pros and cons, although the actual adjustment is reasonable and necessary. Government policy of SBY to raise fuel prices and ultimately failed is interesting to learn. This study focused on the political communication of SBY government. The SBY government's efforts to raise fuel prices got tough challenge from several people, including members of the Parliament. The pros and cons protracted and eventually the SBY government failed to raise the fuel prices. Methodology of this article used descriptive-qualitative research. Data obtained through field observations and literature. Data were analyzed descriptively based on research purposes. Role of the writer in a descriptive qualitative study was the main thing. Results showed that the failure of SBY political communication was caused by the failure in convincing Indonesian people. SBY government needed to clarify and reinforce the authority to raise fuel prices belong to the Government. Any information (messages) should be communicated directly, clearly, and firmly through the process. Messages from the source to the target (society) needs to be maintained properly. If not, the messages can be misused. Each message can be added, subtracted (either partially or completely) which will lead to misunderstanding, biased, confusing, and protracting situasions.

The surge in world oil prices was caused by the impact of the war in Europe between Russia and Ukraine. As a result of this war impacted the increase in oil prices almost all over the world. The existence of a surge in world oil is considered to have a significant impact on economic conditions in Indonesia. From now on, referred to as BBM, the amount of subsidized fuel oil worth almost 520 trillion is very burdensome and drains the state budget. Hence, the government considers it very urgent to increase the price of subsidized and non-subsidized fuel. Carry out meticulous and accurate calculations in calculating the fuel price increases in the country. The increase in the impact of the fuel price increase will have implications for inflation, so in the end, it will also affect the number of poor people in Indonesia. This study aims to determine the impact of the policy of increasing fuel prices on increasing the number of poor people in Indonesia. This study uses a qualitative approach with a descriptive method. The results of the study show that the reason for the policy of increasing fuel prices is to reduce the world's supply of crude oil, which does not match supply and demand, also because the existing subsidies have not been well targeted, where these subsidies are enjoyed mainly by middle and upper-class people. As for the impact of the increase in fuel prices for the community, among others, the increase in the price of goods and services, increasing the fare of public transportation, raising the prices of nine basic needs, hampering the rate of economic growth and decreasing the number of unemployed. The government can take policies in response to the increase in fuel prices to control and stabilize the prices of basic needs, provide direct assistance to the underprivileged, increase fuel prices gradually and issue regulations that limit motor vehicle ownership.

The government officially increased the price of fuel oil as a result of the increase in world oil prices and made the state budget funds swell. This research was conducted with the aim of examining various considerations made by the government when raising fuel prices in Indonesia. This research uses a literature study research method with a qualitative descriptive method. The data sources used are secondary data obtained through journal articles, books, news, and websites. The results of this study found that the government felt a dilemma so that it was forced to increase fuel prices due to the swelling of state budget funds for fuel oil consumption, but on the other hand, the impact if fuel prices increased, the prices of goods and services would increase so that inflation occurred. On the other hand, there is an alternative solution to buy oil from Russia which is below the market price, however, if that happens, it can offend western countries and hurt Indonesia's foreign policy with non-aligned movements. An alternative that the government can take is to increase fuel prices while still providing assistance to ensure that the community does not experience the impact too deeply. In addition the government invite people to switch to using electric vehicles to reduce fuel consumption and reduce the impact of carbon emissions produced, as electric vehicles are considered more economical and environmentally friendly

Fuel oil (BBM) is one of the needs of the Indonesian people, which must be guaranteed when available. So the government plays a vital role in managing. Included in the policy authority for setting subsidised fuel prices, the government determines prices. During Jokowi's administration, which is entering its second term as president, the policy of changing fuel prices has been implemented several times. This study describes the traces of setting fuel prices under Jokowi's administration, using qualitative research with descriptive analysis that describes the problem using existing theory. The theory used in this study is pricing according to classical economists, namely Adam Smith and Islamic economists, namely Ibnu Taimiyah. The results of this study explain that based on Adam Smith's thoughts regarding the theory of pricing, realistic prices operate independently in a free market without interference from the authorities.In contrast, the authority is to determine subsidised fuel prices. So Adam Smith's thinking cannot be applied to conditions of changes in subsidised fuel prices in Indonesia. Meanwhile, according to Ibn Taimiyah, there is a concept of price changes due to demand and supply. The reality is that the increase in fuel prices is not due to supply and demand but budgetary issues. Then the existence of a fair price, according to Ibn Taimiyah, aims to create a sense of fairness for both the seller and the buyer. Through the reasons for managing subsidy targets, the form of fair prices, according to Ibnu Taimiyah, can be used in the current increase in fuel prices.

The policy of raising the price of fuel oil (BBM) again by the Government of Indonesia is causing problems. The increase in fuel prices implies an increase in commodity prices. The increase in the price of goods has an effect on purchasing power. Low or high purchasing power affects the level of people's economic welfare. This study aims to determine the effect of rising fuel prices on the level of economic welfare of the people of West Kalimantan, as well as to provide recommendations for solutions and plans for economic development to local governments. The research model is a time-series and cross-section model from panel data regression analysis. Based on this study, it was concluded that there was an influence from the increase in subsidized and non-subsidized fuel prices on Household Consumption Expenditure (PKRT) in West Kalimantan. This indicates that there are ongoing economic activities that affect economic growth in West Kalimantan.

The purpose of this article is to examine the effects of the Indonesian government's oil fuel price policy on the nation's poverty rate. This study investigates how variations in oil fuel costs affect the population's ability to make purchases, particularly those who are below the poverty line. It does so by using secondary data from a variety of sources and quantitative analysis techniques. According to the study's findings, the oil industry's gasoline pricing strategy significantly affects the poverty rate because rising fuel costs tend to make people poorer. According to this article, the government should think about the socioeconomic repercussions of its energy policy and look for ways to lessen the effects of rising fuel prices. The study adds to the body of knowledge on energy and poverty policies in Indonesia by offering new insights into the relationship between energy policy and poverty.

The policy of increasing domestic fuel oil, as a consequence of rising world oil prices, has resulted in changing economic conditions, bearing in mind that oil prices and production are wrong macroeconomic assumptions and are included in the State Revenue and Expenditure Budget. This study aims to determine the impact of rising fuel prices and government subsidies on Indonesia's economic performance. The data used in this study are time series data from 2000 to 2022. Data were obtained from the Indonesian Central Bureau of Statistics, the Ministry of Energy and Mineral Resources, the Ministry of Finance, and Bank Indonesia. This study uses an econometric model using a system of simultaneous equations. The research results show that; The main factors that caused the increase in domestic fuel prices, including crude oil prices, gasoline, diesel, kerosene and aviation fuel, were the increase in world oil prices and the previous year's oil prices. The estimation results also show that the increase in gasoline and diesel fuel can increase the number of poor people, unemployment and inflation in Indonesia. The policy simulation results show that the increase in oil prices has a significant impact on increasing the number of poor people, increasing unemployment and inflation, if this increase is not followed by subsidies in the form of non-energy.

This study aims to determine the effect of fuel subsidy policy on economic growth in Indonesia. Fuel oil (BBM) is one of the energy needed by the community as fuel for vehicles, both private and for public vehicles. In Indonesia, the fuel price increased in September 2022, where one example is the price of pertalite fuel, which was originally IDR 7,650 per liter to IDR 10,000 per liter. One of the factors causing this is the conflict between Russia-Ukraine which affects world oil prices to increase. To overcome this, the government made several policies including providing fuel subsidies to the community to launch their activities to increase economic growth in Indonesia. Keywords: Fuel, Subsidy Policy, Economic Growt

Absract: The reality of the increase in world oil prices has prompted the Indonesian government to adopt a policy of increasing the price of fuel oil (BBM) which has caused the Indonesian economy to experience a drastic decline. The increase in fuel prices will be followed by an increase in the price of goods and services. This has caused the inflation rate in Indonesia to decline and further complicate the economic conditions of the people. Since the inflation rate has increased due to the government's policy of raising fuel prices, one of the steps taken by Bank Indonesia to control the inflation rate is to raise interest rates. However, in Islamic law, to avoid operating a bank with an interest system, Islam introduces the principles of muamalat as an alternative to banking in the form of Islamic banking business activities. The approach used by the author in this study is a quantitative approach with descriptive and regional methods by comparing one variable with another. So the appropriate collection technique is library research is to collect articles, journals, books and so on. The results showed that there was an influence between the increase in BI interest rates and inflation on the financial performance of syari'ah banks and there were several factors that influenced the increase in interest rates, among others: the need for funds, competition, government policies, etc. Several factors that influence inflation include: money supply, gross domestic product, exchange rates and interest rates.

Because of high world oil prices during 2008-2013, the government must adjust domestic fuel price several times. One of the fuel price adjustments occurred in 2013. The increase in fuel prices caused high inflation. The purpose of this study is to analyze the impact of rising fuel prices on calorie consumption as a main source of energy intake in Central Java Province. The results of this study indicate that calorie income elasticity increased both in urban and rural areas after the increase in fuel price. However, urban households are more responsive than rural households. An increase in calorie income elasticity means that households must allocate more expenditure on food consumption in order to fulfill minimum energy intake. These findings imply that cash transfer policies such as direct cash transfer for poor households known as BLT as well as rice policy for poor households as called Raskin are very effective to maintain minimum calorie intake during price crisis.

The objective of this thesis is to examine price performance, and estimate the aggregate export and food crop output response to output price and non-price variables in tropical Africa and its four main agro-climatic regions. The analysis of real producer prices indicates that there are more countries that exhibited a statistically significant decrease in real producer prices than a significant increase. Moreover, nominal protection coefficient analysis shows that African crop exporters, on average, received a small proportion (50 to 60 percent) of border prices. Using pooled cross-section and time series data, a partial adjustment model was then specified to estimate agricultural export and food output response. The results show that aggregate agricultural export and food supply responses to output prices in tropical Africa are both positive and significant but inelastic. The price elasticity for the export crop output in Tropical Africa is 0.02 in the short run and 0.04 in the long run, and for the food crop output 0.05 in the short-run and 0.07 in the long-run. The responsiveness of agriculture varies, however, across the main agro-climatic regions in tropical Africa. The estimated coefficient of the price variable and price elasticity estimates regions reveal that producers in the Eastern and Southern Africa, and Western Africa regions were responsive to price incentives, while producers in the semi-arid Sudano Sahel and Central Africa regions were not. The trend variable, as proxy of technology, is positive and significant in most regions, suggesting that the provision of non-price factors along with favourable price incentives, could be very effective in raising agricultural production in these regions.

The high cost of prescription drugs has been an issue that numerous federal agencies have examined for years. In 2003, Congress passed the Medicare Prescription Drug, Improvement, and Modernization Act, better known as Medicare Part D, in an effort to ease the burden of skyrocketing prescription prices for citizens 65 and older. While much of the discussion has focused on the impact on Medicare and Medicaid, the search for the source of high prescription drug prices has possible benefits for all patients. Unfortunately, the vast majority of research into this topic focuses only on the manufacturers of prescription drugs. This thesis examined the relationship between wholesale and retail prices of prescription drugs to discover whether this is another possible source of high prescription drug costs that policy makers need to consider. The findings suggest that more research is warranted. Many of the pharmacies surveyed reported unexpected negative mark-ups. Moreover, the Average Wholesale Rice evidently is not an accurate basis for comparison with actual retail prices. The findings suggest that more research is warranted, including studies by federal legislative and executive branch actors with investigatory authority.
Master of Arts

In Swaziland, maize is important for food security, yet its production is low and the country has not achieved self-sufficiency. Swaziland has had a shortfall in domestic maize production since independence. About 80 percent of the rural population never has enough maize for consumption. The National Maize Corporation (NMC) was established as a self-sufficiency mechanism in 1985. The NMC is the only white maize importer and is also responsible for the stabilisation of domestic prices. The organisation has endeavoured to stabilise Swaziland's maize prices, though they are still high by regional comparisons. This study seeks to investigate the relationship between Swaziland and South African white maize prices in the presence of maize marketing and pricing policy, as implemented by the NMC. The maize marketing policy controls flow of maize imports and exports in Swaziland, while the pricing policy controls the domestic white maize prices. The current pricing relationship between the two countries was compared with a scenario where marketing and pricing policies in Swaziland are absent. This was done in order to gauge the effect that these policies have on the integration of Swaziland into the regional maize market and ultimately how Swaziland maize prices are affected by price transmission process in the presence and absence of these policies. The study used secondary data from the NMC, the Ministry of Agriculture, and journals. Monthly data from 2000 to 2014 are used and econometric time series techniques are applied. The study hypothesised that there is a long-run relationship between Swaziland and South African maize prices, given the current market structure. It also hypothesised the short-run dynamics correct deviations from the long run in a fast and efficient manner. Lastly, it is hypothesised that current policies are not hampering marketing integration or impeding regional price signals to flow through to Swaziland maize markets. The results confirm the presence of a long-run price relationship between the above-mentioned markets. In the presence of the current maize marketing and pricing policy, the error correction term corrected or adjusted the disequilibrium, from long-run equilibrium levels, at a speed of 3.8 per cent per period, indicating relatively slow correction. This could serve as evidence of inefficient integration between the two markets and an indication of weak arbitrage process. Weak arbitrage, in turn, has definite welfare implications in that it leads to inefficient allocation of resources. In comparison to the other scenario, there is a slight difference: when analysing the relationship between import parity and Swaziland domestic prices without policy measures, short-run and long-run relationship between markets are also confirmed. Here the error correction term, however corrected the disequilibrium of the system at a speed of 4.7 percent per period. This shows a slight improvement of efficiency when policies are eliminated. This study could be useful to policy makers in that it imparts knowledge on how world price signals are transmitted to their domestic markets. Understanding the price dynamics could, therefore, facilitate policy formulation related to price and marketing in the white maize industry. The findings of this study could ultimately also inform the self-sufficiency versus food affordability debate.
Dissertation (MSc (Agric))--University of Pretoria, 2016.
Agricultural Economics, Extension and Rural Development
MSc (Agric)
Unrestricted

The rapid restructuring of Hong Kong's economy as a result of China's economic reform and open door policy since the late 70s, has led to major shifts in the demand and supply of industrial buildings. These shifts resulted in misallocation of land resources due to various institutional constraints. The land use policies in Hong Kong have been changing since the late 80s in response to such misallocation. This study investigates the impact of these policies on prices and rental yields of industrial properties in Hong Kong. In addition, the impact of economic restructuring on the determinants of industry propel1y prices is also examined. The open door policy has attracted many industrialists to move their production base across the border to take advantage of the low land and labour costs leaving their industrial buildings in Hong Kong underutilized. Due to statutory zoning and restrictions in the land leases, redeveloping these industrial buildings for other uses is difficult and costly due to multiple ownership and high modification premium. However lease enforcement actions on industrial buildings are difficult and ineffective. The owners of industrial buildings will weigh the costs against the benefits of non-conforming use and decide whether they will leave their industry properties underutilized, use them for non-conforming uses, apply for change of use and pay associated fees / premiums or proceed with a combination of all these. The empirical results in this study suggest that the benefits outweigh the costs of non-conforming uses of industrial buildings, in particular for office uses. This is evidenced by the fact that industrial property prices were affected not only by the demand for spaces for industrial production but also by other demand drivers not related to the industrial productions in Hong Kong. These demand drivers included volume of re-export and service sector employment. These are demand drivers given the term Non-Industrial-Production Demand Drivers (NIPDD) in this study. Service sector employment is an office demand driver and that office use in industrial buildings is usually the highest valued non-conforming use, therefore the correlation between service sector and industrial property prices is an indicator of the intensity of non-conforming uses. Since the late 80’s, various changes in government policies toward industrial land use have been implemented with the aim to rectify land resource misallocation. These policy changes can be classified into (1) Planning Control Relaxation: changes that involve relaxation of planning control on redevelopment or conversion of existing industrial properties to other uses, which may involve rezoning of some industrial areas and (2) Use Restriction Change: changes that permit more types of uses in existing industrial properties with or without paying a premium or fee. The empirical results in this study suggest that, other things being equal, Planning Control Relaxation has a positive impact on industrial property prices while Use Restriction Change have strengthened or weakened the impact of service sector employment on industrial property prices depending on the nature of the policy change. In addition, empirical analysis also showed that only the Planning Control Relaxation could reduce the rental yield of industrial property by reducing the risk premium. The effect of Use Restriction Change on risk premium and therefore rental yield was not significant. Last year (2010), the government introduced the Revitalization of Industrial Buildings Policy, which further removed restrictions on the use of industrial buildings for production purposes. It will take time to accumulate sufficient data to show the impact of this major policy on industrial property prices and rental yields.
published_or_final_version
Real Estate and Construction
Doctoral
Doctor of Philosophy

AbstractAll countries have a rising burden of diet-related disease from the consumption of unhealthy foods. About three billion people around the world cannot afford the diverse foods needed for a healthy diet. This chapter aims to extend previous work on diet cost and affordability to address the hidden costs of meal preparation inside the home. Costs of a basic meal based on market prices for the most affordable items are estimated in 168 countries. Also, the hidden costs of meal preparation are considered, taking account of environmental or social externalities from the production and distribution of food, as well as the health externalities involved in food consumption. The data shown here reveal that even the simple raw ingredients for a basic plate are often unaffordable for the poorest, and the added cost of time and fuel can make such meals prohibitively expensive. Results suggest two main avenues for policy action. First, governments should use the information on the least costly way to meet dietary standards to inform poverty lines and provide targeted assistance so as to ensure that citizens can acquire safe and nutritious items in sufficient quantities for an active and healthy life, using locale-appropriate safety nets. Second, food policies should recognize the hidden costs of meal preparation that often put healthier, more sustainable diets out of reach. Overcoming the hidden barriers to preparation of healthy meals will require support for helpful forms of food processing that preserve or enhance nutritional values, while taking action to limit potentially harmful forms of ultra-processing associated with diet-related disease. Food-based safety nets and improvements in the food environment can make healthy diets affordable for all people at all times, to help every country reach global development goals.

AbstractFortum Oyj and Teollisuuden Voima Oyj (TVO), the two companies that own the operating units in Finnish nuclear power plants, in 1996 formed a joint company, Posiva Oy, to deal with their nuclear wastes. This includes both the low- and medium-level radioactive waste and the high-active used nuclear fuel. Several locations were considered before the choice of Olkiluoto in 1999 and its acceptance by the municipality of Eurajoki in 2000. In 2010, the Finnish Government granted a decision-in-principle required by the Finnish Nuclear Act to Posiva Oy regarding the construction of a final disposal site for nuclear wastes including the above-ground encapsulation plant and the final disposal facility called Onkalo. In 2015, the Government granted the construction licence for this entity to be built. The site already includes the operating nuclear power plants (OL-1 and OL-2) of TVO and the OL-3 unit which has been under construction since 2005 and shall be taken into use in 2022. After several delays this is the timetable according to the most recent information in early Spring 2021 provided by TVO. Thus, Finland is the first country in the world to enter the implementation phase of spent nuclear fuel. A future challenge is the nuclear waste of possible new nuclear power plants not included in the plans of Posiva Oy.

AbstractIn early 2022 the Swedish government took a decision to allow the construction of a repository for spent nuclear fuel at the Forsmark nuclear power plant. This chapter describes the long process that preceded the decision and started in the 1970s. Both the siting of the repository and the case made for its long-term safety has seen controversies. In particular, there has been a science-based debate on the long-term safety of using copper as a material for encapsulation of the spent nuclear fuel. The government’s decision relied on claims from the industry and the nuclear regulator that the Swedish KBS multi-barrier concept could still be safe enough. Whether this view will survive the coming decade until the repository will be ready for operation remains to be seen.

Abstract Realizing a decarbonized society in consistent with the Paris Agreement, a fundamental transformation of the entire economic and social system is needed, and not only carbon intensive sectors but also all sectors and all stakeholders including households must be decarbonized. This chapter demonstrates increasing expectations for carbon pricing in Japan in this global policy context. After the review of the global trend of carbon pricing, historical progress of carbon pricing in Japan and the existing nation-wide carbon tax, i.e. the Global Warming Countermeasure Tax, is explained. There are also two sub-national carbon pricing schemes in Japan, Tokyo ETS and Saitama ETS, which are explained in Chaps. 10.1007/978-981-15-6964-7_6 and 10.1007/978-981-15-6964-7_7 respectively, and not focused in this chapter. We examine the claim that Japan has already implemented high level carbon pricing in terms of various forms of energy taxes. Based on the effective carbon rate which is defined by OECD as the sum of explicit carbon prices and fossil fuel taxes per carbon emission, the nationwide average effective carbon rate of Japan is lower than the average effective carbon rates of OECD countries and its key partner countries. The current carbon pricing schemes in Japan are too modest to realize decarbonization transition and there is a room to upgrade them to exploit full potential of carbon pricing. This chapter discusses adequate levels of carbon prices in compatible with decarbonization transition.

AbstractThe Indonesian government launched the B30 program (a mixture of 30% biodiesel and 70% diesel fuel) in 2019 to save foreign exchange, reduce dependence on fossil fuels, and improve environmental quality. Indonesia uses palm oil as the main source for making biodiesel, as proven by an increase in the domestic market demand for biodiesel by as much as 2.69 million tons. This is followed by the increase of the area of ​​palm oil plantations by 4.25 million hectares from 2014 to 2020. In contrast, the rate of deforestation in the three main palm oil-producing islands (Sumatra, Kalimantan, and Papua) tends to decline. These facts raise a hypothesis that the B30 program may trigger indirect deforestation or conversion of nonforest areas to palm oil. To prove this hypothesis, we use the geographic information system (GIS) to detect and analyze land cover by looking at historical data on land-use changes in the Province of Riau and Central Kalimantan, the largest palm oil-producing provinces. The development of biofuels under the moratorium regulation indirectly encourages oil palm companies to open oil palm plantations in areas originally used as cultivation areas. The loss of land for cultivation has encouraged local communities to clear land for cultivation in the forest. This situation is what we call indirect deforestation.

Abstract This chapter focuses on climate countermeasures in the Japanese transport sector. We introduce the Japanese complexed automobile tax system and then calculate the Japanese effective carbon rate (ECR) on automobiles. In addition to the discussion of the ECR, this chapter offers a simple examination of the efficiency of electric vehicles (EVs) from the viewpoint of cost-benefit because it is expected that EVs will become the most popular eco-friendly vehicle in the future. Two remarks are found in our analysis. First, although the carbon tax rate on fuel consumption is small in Japan, compared to the European countries, the ECR is rather high. For further improvement of climate policy, the Japanese government should shift its attention to vehicle usage from vehicle purchase and possession. Second, under the basic assumption (i.e., representative owners do not recharge their EVs at home but at outdoor fast chargers), the diffusion of EVs is not an efficient measure for reducing GHG emissions. If owners recharge their EVs at home once of every two charges, the net benefit becomes positive Therefore, the opportunity cost of waiting for recharges is a key factor in whether EVs can play a role in mitigating climate change.

AbstractIn a business, inventory is frequently known as a source of contention. PT Petrokimia Gresik (PKG) is PT Pupuk Indonesia’s (Persero) subsidiary, an agro-industry company that the government always requires to meet national fertilizer supply to ensure food security and perform more efficient and cost-effective cost savings, through more efficient and economical use of facilities and infrastructure, including inventory management. At PKG, one of the most crucial inventory management issues is coal inventories, which have lately experienced a price increase of more than 200%. The trend of global coal prices has climbed to 2 times higher since 2021. The price of coal in Indonesia has risen from Rp. 500,000 per ton to Rp. 1,500,000 per ton, not to mention the world’s current state of war, the Russian invasion of Ukraine, which has increased fuel prices worldwide, including coal, which is in high demand by utility companies in Indonesia. While PT Petrokimia Gresik must continue to produce despite rising coal prices, inventory must be managed to achieve the lowest possible cost. Adopting the Economic Order Quantity (EOQ) method to improve the coal inventory management system needs to be considered. EOQ is an old theory, but we believe it is still relevant today. We will compare the company’s current coal inventory management to the EOQ method regarding efficiency, efficacy, and expenses associated with reordering, storage, and other factors. The study concludes that PKG’s coal supply system is relatively good, although there is still potential for improvement. The inventory management policies that are in place still refer to the prior period’s experience. Several causes contribute to coal overstock and understock issues, including a coal supply planning system that is not yet optimal. The proposed future improvement is to employ the Economic Order Quantity (EOQ) approach, which can save Rp 684,000,000 per year (average) in inventory expenditures. This demonstrates that the EOQ approach can save 6.7% per year in costs.

AbstractTransport, one of the key sectors for the implementation of China’s carbon peak and carbon neutrality goals, boasts a water transportation crucial to China’s integrated transport infrastructure, which will face a rising demand with the continuous optimization of the transport system. Located upstream of the golden waterway of the Yangtze River, Sichuan province is one of the key regions for inland waterway transportation. In the context of the ‘dual carbon’ goals, the study proposes a conceptual framework for the low-carbon development pathway of water transport by analyzing the technical roadmap and policy recommendations for the Sichuan Province, which found that Sichuan can rely upon energy efficiency and energy substitution on the technical front, while upon the synergy of “government guidance + enterprise responsibility + market support + partnership”. While focusing on slowing the growth of CO2 emissions and improving energy efficiency with LNG as the main transition fuel in the near term, Sichuan should curb the total emissions and strategize around carbon-free solutions including electricity and hydrogen.

AbstractMost advanced industrialized countries today justify their innovation policies on the basis of the dominant knowledge-based growth paradigm—primarily investment in R&D and education, as we saw in Chap. 2. However, in terms of how growth policy should be formulated, this provides an incomplete guide which even borders on the misleading. The reason behind this misguided thinking is simplistic assumptions, both about how an economy functions and about the innovation process itself. Innovation is still seen as an exogenous force that can be stimulated through government funding targeting R&D, start-ups, and small businesses, which will then fuel higher growth and increased prosperity.

Abstract The government’s management of the economy during the Second World War had a major impact on the economic-policy ideas of both Kaldor and the English Keynesians in general. The British government, in fact, implemented a number of planning policies that enabled the country to bear the economic brunt of the war: the mobilizing of idle resources; the easing of the State’s financial burden through low interest rates on government securities; the containment of inflation by means of a strict policy of prices and incomes control; the levying of taxes on all forms of income (taxes which were generally regarded as fair). One might say that these principles would henceforth become ‘Holy Writ’ for the economic policies of the English Keynesians.

The aim of this paper is to study the impact of public policies and uncontrollable (exogenous) variables as well as optimal vehicle design on greenhouse gas (GHG) emissions in the US transportation sector. The overall model is divided into the government model and an enterprise model. To examine the effect of GHG emissions and exogenous variables, the optimization model includes public policy, exogenous variables, and a market mix focusing on the GHG effects of four different types of vehicles, 1) gasoline-based 2) gasoline-electric hybrid or alternative-fuel vehicles (AFVs), 3) battery-electric (BEVs) and 4) fuel-cell vehicles (FCVs). The public policies taken into consideration are infrastructure investments for hydrogen fueling stations and subsidies for purchasing AFVs. An exogenous variable taken into consideration are gasoline prices. For each selection of public policy and exogenous variables in the government model, the enterprise model finds the optimum vehicle design that maximizes profit and updates the market mix, from which the government model can estimate GHG emissions for that selection and can choose a public policy accordingly to produce a desired effect. This paper demonstrates the model using FCV design as an illustrative example.

In the era of fossil fuel shortage and soaring oil prices under the condition of severe environmental problems we are facing now, an increasing need for sustainable development of new energy technology as a substitute of fossil fuel has become an issue of great concern throughout the world. Most of energy consumed in Korea, over 96%, is imported from foreign countries, especially Middle East. Korea is now ranked the 10th energy consumed country in the world. That is why we are interesting in hydrogen economy. As a result, hydrogen and fuel cell technology was selected as one of economic growth engines for next generation, and strongly supported by Korea government. Also, the government set Hydrogen Economy Policy in 2005. There are four R&D programs on hydrogen and fuel cell in Korea. Two of them are supported by MEST (Ministry of Education, Science and Technology) and others are funded by MKE (Ministry of Knowledge Economy). The hydrogen production technologies examined in Korea cover 3 main bases, fossil fuel, renewable energy including bio-hydrogen technology, and nuclear power. In October 2003, Korean government launched Hydrogen Energy R&D Center (HERC) as a member of the 21st Century Frontier R&D programs supported by the Ministry of Education, Science and Technology (MEST). The HERC has conducted research on the key technologies for the production, storage, and utilization of hydrogen energy for expediting realization of hydrogen economy based on renewable energy sources. The main purposes of this paper are to overview the current status of research programs conducted by Hydrogen Energy R&D Center based on the patent applications as well as research topics and to introduce specific achievements in each research program.

The operation strategies are key points that can influence the annual total energy efficiency, energy saving efficiency and economic benefits of BCHP systems. This paper mainly aims at establishing the model about how to realize several typical operation strategies of BCHP systems based on gas engines, such as operation following the power load and operation following the heating load. Also, in a specific project, operation strategies always depend on the load feature and the government policy and the price of power and etc. This paper includes methods about how to choose the operation strategies reasonably.

In today's world, energy and human life are inextricably linked. Due to the scarcity of fossil fuels and rising prices, the world is shifting to renewable energy sources to acquire energy. The economic downturn and the government's inability to import fuel have exacerbated the energy crisis in the Sri Lankan context. Every day, prolonged power outages become a part of people's lives, which drives people to find alternative solutions. Even though solar PV systems are a popular renewable energy source in Sri Lanka, having an on-grid solar system has no advantages during power outages. Thus, Sri Lanka has an apparent demand for off-grid solar systems. Therefore, this study investigates the merits and demerits of utilising off-grid solar systems from key stakeholders' perspectives. Three key stakeholders were identified: government authorities, off-grid solar service provider companies and off-grid solar users. Twenty-five semi-structured interviews with key stakeholders were conducted after a thorough literature review. The collected interview data were analysed manually using content analysis. The study's findings revealed the significant merits of using off-grid solar systems in the Sri Lankan context as; the benefit of an uninterrupted power supply and reducing the national grid demand. The study revealed significant demerits: unavailability of proper regulations, capital-intensive investment, no return on investment and the lack of qualified people in the off-grid solar sector. The respective industry practitioners and stakeholders can use the knowledge gained from this study to promote and utilise future policy implications in the off-grid solar sector.

Abstract At present, approximately 37,000 out of 110,000 oil and gas wells in onshore California are classified as ‘idle’ - they have not been producing hydrocarbon or water, including EOR, for two consecutive years without abandonment. In this context, we examine whether operators retaining those current or potentially future idle wells could economically re-purpose their assets for a carbon storage operation. Such an approach would potentially defer the eventual decommissioning, abandonment, and remediation costs of these assets. This study models the economics of a fully integrated system from source CO2 capture through subsurface storage for a thermal steam operation. The model workflow developed in this paper is as follows: capture carbon dioxide from steam co-generation plants in heavy oil steam injection fields in the San Joaquin Valley, delivering it via pipeline to selected idle producing or injection wells, converting those wells into carbon dioxide injectors, and finally injecting and monitoring for sequestration. The well re-purposing process would isolate the formerly produced hydrocarbon interval and re-complete in the overlying saline aquifer interval to be used for CO2 sequestration. The fundamental difference of project economics between hydrocarbon production and carbon capture and sequestration is the regulatory and policy-defined financial incentives. In California, those consist of three major elements: Section 45Q tax credits by the federal government, low-carbon fuel standard (LCFS) credit by the State of California, and cap-and-trade emission allowances. The economic model shows that two factors, LCFS credit price and the cost of carbon capture systems, comprise the most significant proportion of impact on economic feasibility. To achieve the breakeven IRR of 10%, first, LCFS eligibility of the CCS project for a co-generation plant should be improved, and credit price needs to remain at least at the current level. On top of that, the expected increase in future LCFS credit prices and cap-and-trade allowance as potential revenue in an opportunity cost context would enhance economic performance. Secondly, the most plausible, the CAPEX of carbon capture systems at steam co-generation plants would need to be reduced to the lowest cost benchmarks currently seen in process plant implementations. This paper can be viewed as a starting point to stimulate examination of carbon capture and sequestration project options by both operators managing end-of-field life producing assets, as well as State of California regulatory agencies pursuing carbon reduction as part of the state's larger energy transition strategy.

Asset markets and the asset prices affect financial institutions, consumers, producers and policy makers while they are making decisions. There is an important relationship not only between the financial market and banking system but also between the housing market and the credit market. Therefore, the study analyzes the impact of fiscal policy on asset prices by using beyasian vector autoregressive models. The sample data has been gathered from the Central Bank of the Republic of Turkey. The aim is to demonstrate the effects of fiscal policy shocks on stock prices and housing prices. The data covers the period between 1988:Q1 and 2014:Q2. Overall, the results confirm that the spending shocks coming from fiscal policy have a greater influence on the stock prices. In addition, the government revenue shocks are more influential on the house prices compared to the stock prices in Turkey.

Algeria, in the midst of a pandemic, is facing a triple crisis: oil, economic, and health. As a result of the Covid 19 crisis, oil prices are falling, thus disrupting the already vulnerable and fragile Algerian macroeconomic environment. In this context, this paper discusses the economic effects of the Covid spread and determines the economic policy recovery measures taken by the Algerian government.

To help meet the nation’s energy needs, recycling of partially used nuclear fuel is required to close the nuclear fuel cycle, but implementing this step will require considerable investment. This report evaluates financing scenarios for integrating recycling facilities into the nuclear fuel cycle. A range of options from fully government owned to fully private owned were evaluated using DPL (Decision Programming Language 6.0), which can systematically optimize outcomes based on user-defined criteria (e.g., lowest life-cycle cost, lowest unit cost). This evaluation concludes that the lowest unit costs and lifetime costs are found for a fully government-owned financing strategy, due to government forgiveness of debt as sunk costs. However, this does not mean that the facilities should necessarily be constructed and operated by the government. The costs for hybrid combinations of public and private (commercial) financed options can compete under some circumstances with the costs of the government option. This analysis shows that commercial operations have potential to be economical, but there is presently no incentive for private industry involvement. The Nuclear Waste Policy Act (NWPA) currently establishes government ownership of partially used commercial nuclear fuel. In addition, the recently announced Global Nuclear Energy Partnership (GNEP) suggests fuels from several countries will be recycled in the United States as part of an international governmental agreement; this also assumes government ownership. Overwhelmingly, uncertainty in annual facility capacity led to the greatest variations in unit costs necessary for recovery of operating and capital expenditures; the ability to determine annual capacity will be a driving factor in setting unit costs. For private ventures, the costs of capital, especially equity interest rates, dominate the balance sheet; and the annual operating costs, forgiveness of debt, and overnight costs dominate the costs computed for the government case. The uncertainty in operations, leading to lower than optimal processing rates (or annual plant throughput), is the most detrimental issue to achieving low unit costs. Conversely, lowering debt interest rates and the required return on investments can reduce costs for private industry.

To mitigate the domestic effects of the inflationary pressures arising in the global economy as a result of the coronavirus pandemic and Russio-Ukranian war, the Government of Hungary maximised the price of several goods essential to the population. An early example of this direct intervention into the price-setting mechanism of the markets was the Edict on Maximum Prices (Edictum de Pretiis Rerum Venalium) issued by Diocletian in 301 AD, which-together with Diocletian’s currency reform-tried to solve the enormous inflation that plagued the third-century Roman Empire. The Diocletian edict and the Hungarian government decrees introducing price caps are very similar, both in their root causes, their legal policy aims, their technical solutions, as well as in the sanctions that they impose on those breaching the law. The failure of the Diocletian reforms provides useful lessons for policy-makers today.

1.1 Macroeconomic summary Economic recovery has consistently outperformed the technical staff’s expectations following a steep decline in activity in the second quarter of 2020. At the same time, total and core inflation rates have fallen and remain at low levels, suggesting that a significant element of the reactivation of Colombia’s economy has been related to recovery in potential GDP. This would support the technical staff’s diagnosis of weak aggregate demand and ample excess capacity. The most recently available data on 2020 growth suggests a contraction in economic activity of 6.8%, lower than estimates from January’s Monetary Policy Report (-7.2%). High-frequency indicators suggest that economic performance was significantly more dynamic than expected in January, despite mobility restrictions and quarantine measures. This has also come amid declines in total and core inflation, the latter of which was below January projections if controlling for certain relative price changes. This suggests that the unexpected strength of recent growth contains elements of demand, and that excess capacity, while significant, could be lower than previously estimated. Nevertheless, uncertainty over the measurement of excess capacity continues to be unusually high and marked both by variations in the way different economic sectors and spending components have been affected by the pandemic, and by uneven price behavior. The size of excess capacity, and in particular the evolution of the pandemic in forthcoming quarters, constitute substantial risks to the macroeconomic forecast presented in this report. Despite the unexpected strength of the recovery, the technical staff continues to project ample excess capacity that is expected to remain on the forecast horizon, alongside core inflation that will likely remain below the target. Domestic demand remains below 2019 levels amid unusually significant uncertainty over the size of excess capacity in the economy. High national unemployment (14.6% for February 2021) reflects a loose labor market, while observed total and core inflation continue to be below 2%. Inflationary pressures from the exchange rate are expected to continue to be low, with relatively little pass-through on inflation. This would be compatible with a negative output gap. Excess productive capacity and the expectation of core inflation below the 3% target on the forecast horizon provide a basis for an expansive monetary policy posture. The technical staff’s assessment of certain shocks and their expected effects on the economy, as well as the presence of several sources of uncertainty and related assumptions about their potential macroeconomic impacts, remain a feature of this report. The coronavirus pandemic, in particular, continues to affect the public health environment, and the reopening of Colombia’s economy remains incomplete. The technical staff’s assessment is that the COVID-19 shock has affected both aggregate demand and supply, but that the impact on demand has been deeper and more persistent. Given this persistence, the central forecast accounts for a gradual tightening of the output gap in the absence of new waves of contagion, and as vaccination campaigns progress. The central forecast continues to include an expected increase of total and core inflation rates in the second quarter of 2021, alongside the lapse of the temporary price relief measures put in place in 2020. Additional COVID-19 outbreaks (of uncertain duration and intensity) represent a significant risk factor that could affect these projections. Additionally, the forecast continues to include an upward trend in sovereign risk premiums, reflected by higher levels of public debt that in the wake of the pandemic are likely to persist on the forecast horizon, even in the context of a fiscal adjustment. At the same time, the projection accounts for the shortterm effects on private domestic demand from a fiscal adjustment along the lines of the one currently being proposed by the national government. This would be compatible with a gradual recovery of private domestic demand in 2022. The size and characteristics of the fiscal adjustment that is ultimately implemented, as well as the corresponding market response, represent another source of forecast uncertainty. Newly available information offers evidence of the potential for significant changes to the macroeconomic scenario, though without altering the general diagnosis described above. The most recent data on inflation, growth, fiscal policy, and international financial conditions suggests a more dynamic economy than previously expected. However, a third wave of the pandemic has delayed the re-opening of Colombia’s economy and brought with it a deceleration in economic activity. Detailed descriptions of these considerations and subsequent changes to the macroeconomic forecast are presented below. The expected annual decline in GDP (-0.3%) in the first quarter of 2021 appears to have been less pronounced than projected in January (-4.8%). Partial closures in January to address a second wave of COVID-19 appear to have had a less significant negative impact on the economy than previously estimated. This is reflected in figures related to mobility, energy demand, industry and retail sales, foreign trade, commercial transactions from selected banks, and the national statistics agency’s (DANE) economic tracking indicator (ISE). Output is now expected to have declined annually in the first quarter by 0.3%. Private consumption likely continued to recover, registering levels somewhat above those from the previous year, while public consumption likely increased significantly. While a recovery in investment in both housing and in other buildings and structures is expected, overall investment levels in this case likely continued to be low, and gross fixed capital formation is expected to continue to show significant annual declines. Imports likely recovered to again outpace exports, though both are expected to register significant annual declines. Economic activity that outpaced projections, an increase in oil prices and other export products, and an expected increase in public spending this year account for the upward revision to the 2021 growth forecast (from 4.6% with a range between 2% and 6% in January, to 6.0% with a range between 3% and 7% in April). As a result, the output gap is expected to be smaller and to tighten more rapidly than projected in the previous report, though it is still expected to remain in negative territory on the forecast horizon. Wide forecast intervals reflect the fact that the future evolution of the COVID-19 pandemic remains a significant source of uncertainty on these projections. The delay in the recovery of economic activity as a result of the resurgence of COVID-19 in the first quarter appears to have been less significant than projected in the January report. The central forecast scenario expects this improved performance to continue in 2021 alongside increased consumer and business confidence. Low real interest rates and an active credit supply would also support this dynamic, and the overall conditions would be expected to spur a recovery in consumption and investment. Increased growth in public spending and public works based on the national government’s spending plan (Plan Financiero del Gobierno) are other factors to consider. Additionally, an expected recovery in global demand and higher projected prices for oil and coffee would further contribute to improved external revenues and would favor investment, in particular in the oil sector. Given the above, the technical staff’s 2021 growth forecast has been revised upward from 4.6% in January (range from 2% to 6%) to 6.0% in April (range from 3% to 7%). These projections account for the potential for the third wave of COVID-19 to have a larger and more persistent effect on the economy than the previous wave, while also supposing that there will not be any additional significant waves of the pandemic and that mobility restrictions will be relaxed as a result. Economic growth in 2022 is expected to be 3%, with a range between 1% and 5%. This figure would be lower than projected in the January report (3.6% with a range between 2% and 6%), due to a higher base of comparison given the upward revision to expected GDP in 2021. This forecast also takes into account the likely effects on private demand of a fiscal adjustment of the size currently being proposed by the national government, and which would come into effect in 2022. Excess in productive capacity is now expected to be lower than estimated in January but continues to be significant and affected by high levels of uncertainty, as reflected in the wide forecast intervals. The possibility of new waves of the virus (of uncertain intensity and duration) represents a significant downward risk to projected GDP growth, and is signaled by the lower limits of the ranges provided in this report. Inflation (1.51%) and inflation excluding food and regulated items (0.94%) declined in March compared to December, continuing below the 3% target. The decline in inflation in this period was below projections, explained in large part by unanticipated increases in the costs of certain foods (3.92%) and regulated items (1.52%). An increase in international food and shipping prices, increased foreign demand for beef, and specific upward pressures on perishable food supplies appear to explain a lower-than-expected deceleration in the consumer price index (CPI) for foods. An unexpected increase in regulated items prices came amid unanticipated increases in international fuel prices, on some utilities rates, and for regulated education prices. The decline in annual inflation excluding food and regulated items between December and March was in line with projections from January, though this included downward pressure from a significant reduction in telecommunications rates due to the imminent entry of a new operator. When controlling for the effects of this relative price change, inflation excluding food and regulated items exceeds levels forecast in the previous report. Within this indicator of core inflation, the CPI for goods (1.05%) accelerated due to a reversion of the effects of the VAT-free day in November, which was largely accounted for in February, and possibly by the transmission of a recent depreciation of the peso on domestic prices for certain items (electric and household appliances). For their part, services prices decelerated and showed the lowest rate of annual growth (0.89%) among the large consumer baskets in the CPI. Within the services basket, the annual change in rental prices continued to decline, while those services that continue to experience the most significant restrictions on returning to normal operations (tourism, cinemas, nightlife, etc.) continued to register significant price declines. As previously mentioned, telephone rates also fell significantly due to increased competition in the market. Total inflation is expected to continue to be affected by ample excesses in productive capacity for the remainder of 2021 and 2022, though less so than projected in January. As a result, convergence to the inflation target is now expected to be somewhat faster than estimated in the previous report, assuming the absence of significant additional outbreaks of COVID-19. The technical staff’s year-end inflation projections for 2021 and 2022 have increased, suggesting figures around 3% due largely to variation in food and regulated items prices. The projection for inflation excluding food and regulated items also increased, but remains below 3%. Price relief measures on indirect taxes implemented in 2020 are expected to lapse in the second quarter of 2021, generating a one-off effect on prices and temporarily affecting inflation excluding food and regulated items. However, indexation to low levels of past inflation, weak demand, and ample excess productive capacity are expected to keep core inflation below the target, near 2.3% at the end of 2021 (previously 2.1%). The reversion in 2021 of the effects of some price relief measures on utility rates from 2020 should lead to an increase in the CPI for regulated items in the second half of this year. Annual price changes are now expected to be higher than estimated in the January report due to an increased expected path for fuel prices and unanticipated increases in regulated education prices. The projection for the CPI for foods has increased compared to the previous report, taking into account certain factors that were not anticipated in January (a less favorable agricultural cycle, increased pressure from international prices, and transport costs). Given the above, year-end annual inflation for 2021 and 2022 is now expected to be 3% and 2.8%, respectively, which would be above projections from January (2.3% and 2,7%). For its part, expected inflation based on analyst surveys suggests year-end inflation in 2021 and 2022 of 2.8% and 3.1%, respectively. There remains significant uncertainty surrounding the inflation forecasts included in this report due to several factors: 1) the evolution of the pandemic; 2) the difficulty in evaluating the size and persistence of excess productive capacity; 3) the timing and manner in which price relief measures will lapse; and 4) the future behavior of food prices. Projected 2021 growth in foreign demand (4.4% to 5.2%) and the supposed average oil price (USD 53 to USD 61 per Brent benchmark barrel) were both revised upward. An increase in long-term international interest rates has been reflected in a depreciation of the peso and could result in relatively tighter external financial conditions for emerging market economies, including Colombia. Average growth among Colombia’s trade partners was greater than expected in the fourth quarter of 2020. This, together with a sizable fiscal stimulus approved in the United States and the onset of a massive global vaccination campaign, largely explains the projected increase in foreign demand growth in 2021. The resilience of the goods market in the face of global crisis and an expected normalization in international trade are additional factors. These considerations and the expected continuation of a gradual reduction of mobility restrictions abroad suggest that Colombia’s trade partners could grow on average by 5.2% in 2021 and around 3.4% in 2022. The improved prospects for global economic growth have led to an increase in current and expected oil prices. Production interruptions due to a heavy winter, reduced inventories, and increased supply restrictions instituted by producing countries have also contributed to the increase. Meanwhile, market forecasts and recent Federal Reserve pronouncements suggest that the benchmark interest rate in the U.S. will remain stable for the next two years. Nevertheless, a significant increase in public spending in the country has fostered expectations for greater growth and inflation, as well as increased uncertainty over the moment in which a normalization of monetary policy might begin. This has been reflected in an increase in long-term interest rates. In this context, emerging market economies in the region, including Colombia, have registered increases in sovereign risk premiums and long-term domestic interest rates, and a depreciation of local currencies against the dollar. Recent outbreaks of COVID-19 in several of these economies; limits on vaccine supply and the slow pace of immunization campaigns in some countries; a significant increase in public debt; and tensions between the United States and China, among other factors, all add to a high level of uncertainty surrounding interest rate spreads, external financing conditions, and the future performance of risk premiums. The impact that this environment could have on the exchange rate and on domestic financing conditions represent risks to the macroeconomic and monetary policy forecasts. Domestic financial conditions continue to favor recovery in economic activity. The transmission of reductions to the policy interest rate on credit rates has been significant. The banking portfolio continues to recover amid circumstances that have affected both the supply and demand for loans, and in which some credit risks have materialized. Preferential and ordinary commercial interest rates have fallen to a similar degree as the benchmark interest rate. As is generally the case, this transmission has come at a slower pace for consumer credit rates, and has been further delayed in the case of mortgage rates. Commercial credit levels stabilized above pre-pandemic levels in March, following an increase resulting from significant liquidity requirements for businesses in the second quarter of 2020. The consumer credit portfolio continued to recover and has now surpassed February 2020 levels, though overall growth in the portfolio remains low. At the same time, portfolio projections and default indicators have increased, and credit establishment earnings have come down. Despite this, credit disbursements continue to recover and solvency indicators remain well above regulatory minimums. 1.2 Monetary policy decision In its meetings in March and April the BDBR left the benchmark interest rate unchanged at 1.75%.

Around the world, government agricultural policies often make the prices paid by consumers much higher or lower than they would be without policy interventions. This infographic shows the latest available data for the three-year average price of rice in Latin America and the Caribbean compared to international prices (prices not affected by domestic policy).

Around the world, government agricultural policies often make the prices paid by consumers much higher or lower than they would be without policy interventions. This infographic shows the latest available data for the three-year average price of eggs in Latin America and the Caribbean compared to international prices (prices not affected by domestic policy).

Around the world, government agricultural policies often make the prices paid by consumers much higher or lower than they would be without policy interventions. Here is a look at the latest available data for the three-year average price of agricultural products in Guatemala compared to international prices (prices not affected by domestic policy).

Around the world, government agricultural policies often make the prices paid by consumers much higher or lower than they would be without policy interventions. Here is a look at the latest available data for the three-year average price of agricultural products in Honduras compared to international prices (prices not affected by domestic policy).

Around the world, government agricultural policies often make the prices paid by consumers much higher or lower than they would be without policy interventions. Here is a look at the latest available data for the three-year average price of agricultural products in Peru compared to international prices (prices not affected by domestic policy).

Around the world, government agricultural policies often make the prices paid by consumers much higher or lower than they would be without policy interventions. Here is a look at the latest available data for the three-year average price of agricultural products in Jamaica compared to international prices (prices not affected by domestic policy).

Around the world, government agricultural policies often make the prices paid by consumers much higher or lower than they would be without policy interventions. Here is a look at the latest available data for the three-year average price of agricultural products in Paraguay compared to international prices (prices not affected by domestic policy).

Around the world, government agricultural policies often make the prices paid by consumers much higher or lower than they would be without policy interventions. Here is a look at the latest available data for the three-year average price of agricultural products in Bolivia compared to international prices (prices not affected by domestic policy).