Household surveys in Guatemala, India, Indonesia, Kenya, Pakistan, and Sri Lanka were analyzed using a two-stage Heckman model to examine the factors influencing the decision to use liquefied petroleum gas (stage 1) and, among users, the quantity consumed per person (stage 2). In the first...

Oil is important in every economy; when its prices are high and volatile, governments feel compelled to intervene. Because there can be large costs associated with such interventions, reserve banks, central planning institutions, and think tanks in industrial countries have been carrying out...

The rise in oil prices and the associated increase in the prices of petroleum products that has occurred since the beginning of 2004 are having adverse effects on the users of petroleum products in all countries. In many developing countries, price increases have generated considerable pressure...