Energy Subsidies, Public Investment and Endogenous Growth
作者: Gabriela Mundaca
作者单位: 1The World Bank
刊名: Energy Policy, 2017, Vol.110
来源数据库: Elsevier Journal
DOI: 10.1016/j.enpol.2017.08.049
关键词: H21 H23 H52 H54energy subsidieseconomic growthpublic investment
原始语种摘要: Abstract(#br)We consider impacts of fossil fuel subsidy reforms on economic growth, focusing mostly on the Middle East and North Africa (MENA) countries. The main empirical result is that a country that initially subsidizes its fossil fuels, and then eliminates or reduces these subsidies, will as a result experience higher economic GDP per capita growth, and higher levels of employment and labor force participation, especially among the young. These effects are strongest in countries whose fuel subsidies are high at the outset, such as in the MENA region. Our model predicts that a 20 cents average increase in the gasoline and diesel prices per liter, through removal of subsidies, increase the GDP per capita growth rate by about 0.48 percent and 0.30 percent, respectively. In the MENA...
全文获取路径: Elsevier  (合作)
影响因子:2.743 (2012)

  • economic 经济的
  • percent 百分率
  • savings 储蓄
  • employment 雇用
  • prices 行情
  • empirical 经验的
  • country 地方
  • growth 生长
  • Growth 生长
  • investment 投资