Petroleum tax policy to achieve smooth economic growth in Alaska
Alaska's heavy dependence on petroleum tax revenues and the cyclical variability of those revenues results in a corresponding pattern of state expenditures for services which may not be optimal and an aggregate state economy which shows cyclical behavior. A tax-deferral program for state oil producers is suggested as a way to level out petroleum revenues and reduce the uncertainties. An econometric model is used to anlayze the impacts of a tax-deferral program on the aggregate and fiscal economy. The major effect will be to moderate economic growth, with the implication that more time will be available to pay for government services. Two alternative programs are examined - one resulting in large initial payments to the general fund and the second to small intial payments - but neither eliminating the basic problem of cyclical revenues. 2 references, 4 figures, 5 tables. (DCK)
- Research Organization:
- Univ. of Alaska, Anchorage
- OSTI ID:
- 5525094
- Journal Information:
- J. Energy Dev.; (United States), Vol. 5:1
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
02 PETROLEUM
ALASKA
ECONOMIC DEVELOPMENT
PETROLEUM
TAXES
ECONOMIC ANALYSIS
ECONOMIC IMPACT
ECONOMIC POLICY
STATE GOVERNMENT
ECONOMICS
ENERGY SOURCES
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
NORTH AMERICA
PACIFIC NORTHWEST REGION
USA
294002* - Energy Planning & Policy- Petroleum
021000 - Petroleum- Legislation & Regulations
290200 - Energy Planning & Policy- Economics & Sociology