Rao, Nirupama
Taxes and US oil production : evidence from California and windfall profit tax / by Nirupama L. Rao .-- , 2018
Disponible también en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Bibliografía.
The recent boom in US oil production has prompted debates on
levying new taxes on oil. This paper uses new well-level production data and price variation from federal oil taxes and price controls to assess how taxes affected production. After-tax price elasticity estimates range between 0.295 (0.038) and 0.371 (0.025). Response along the shut-in margin is minimal. There is no evidence of spatial shifting of production to minimize tax liabilities. Taken together, the results suggest that taxes reduced domestic production in the 1980s, and the response largely came from wells that continued to pump oil, but at a reduced rate.
PETROLEO
PRODUCCION
IMPUESTOS
PRECIOS
ESTADOS UNIDOS
MODELOS ECONOMETRICOS
American Economic Journal. Economic Policy 1945-7731 v. 10, n. 4, November 2018, p. 268-301
Taxes and US oil production : evidence from California and windfall profit tax / by Nirupama L. Rao .-- , 2018
Disponible también en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Bibliografía.
The recent boom in US oil production has prompted debates on
levying new taxes on oil. This paper uses new well-level production data and price variation from federal oil taxes and price controls to assess how taxes affected production. After-tax price elasticity estimates range between 0.295 (0.038) and 0.371 (0.025). Response along the shut-in margin is minimal. There is no evidence of spatial shifting of production to minimize tax liabilities. Taken together, the results suggest that taxes reduced domestic production in the 1980s, and the response largely came from wells that continued to pump oil, but at a reduced rate.
PETROLEO
PRODUCCION
IMPUESTOS
PRECIOS
ESTADOS UNIDOS
MODELOS ECONOMETRICOS
American Economic Journal. Economic Policy 1945-7731 v. 10, n. 4, November 2018, p. 268-301