What is the value of saving a barrel of oil that would otherwise had been consumed domestically? This study explores the question, taking a long-run perspective into a general equilibrium approach. In the case of Saudi Arabia, the difference between the domestic price of oil and the international price represents an opportunity to improve economic efficiency across different activities and sectors. In this context, we study different policies aimed to reduce the domestic consumption of oil.March 25, 2018
Baltasar has been involved in economic research for the last three decades at Universidade de Vigo, with a particular focus on energy. He also served as an economic advisor of the President of Galicia from 2005 to 2009. He has been a visiting researcher at KAPSARC since 2014.