Energy Subsidies and Energy Consumption: A Cross-Country Analysis
The economic and environmental implications of energy subsidies have received renewed attention from policymakers and economists in recent years. Nevertheless there remains significant uncertainty regarding the magnitude of the impact of energy subsidies on energy consumption. In this paper we analy...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 13/112 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The economic and environmental implications of energy subsidies have received renewed attention from policymakers and economists in recent years. Nevertheless there remains significant uncertainty regarding the magnitude of the impact of energy subsidies on energy consumption. In this paper we analyze a panel of cross-country data to explore the responsiveness of energy consumption to changes in energy prices and the implications of our findings for the debate on energy subsidy reform. Our findings indicate a long-term price elasticity of energy demand between -0.3 and -0.5, which suggests that countries can reap significant long-term benefits from the reform of energy subsidies. Our findings also indicate that short-term gains from subsidy reform are likely to be much smaller, which suggests the need for either a gradual approach to subsidy reform or for more generous safety nets in the short term |
| Beschreibung: | 1 Online-Ressource (20 p) |
| ISBN: | 1484367243 9781484367247 |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Charap, Joshua Verfasser aut Energy Subsidies and Energy Consumption A Cross-Country Analysis Charap, Joshua Washington, D.C International Monetary Fund 2013 1 Online-Ressource (20 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/112 The economic and environmental implications of energy subsidies have received renewed attention from policymakers and economists in recent years. Nevertheless there remains significant uncertainty regarding the magnitude of the impact of energy subsidies on energy consumption. In this paper we analyze a panel of cross-country data to explore the responsiveness of energy consumption to changes in energy prices and the implications of our findings for the debate on energy subsidy reform. Our findings indicate a long-term price elasticity of energy demand between -0.3 and -0.5, which suggests that countries can reap significant long-term benefits from the reform of energy subsidies. Our findings also indicate that short-term gains from subsidy reform are likely to be much smaller, which suggests the need for either a gradual approach to subsidy reform or for more generous safety nets in the short term Online-Ausg Ribeiro da Silva, Arthur Sonstige oth Rodriguez, Pedro Sonstige oth http://elibrary.imf.org/view/IMF001/20486-9781484367247/20486-9781484367247/20486-9781484367247.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Charap, Joshua Energy Subsidies and Energy Consumption A Cross-Country Analysis |
| title | Energy Subsidies and Energy Consumption A Cross-Country Analysis |
| title_auth | Energy Subsidies and Energy Consumption A Cross-Country Analysis |
| title_exact_search | Energy Subsidies and Energy Consumption A Cross-Country Analysis |
| title_exact_search_txtP | Energy Subsidies and Energy Consumption A Cross-Country Analysis |
| title_full | Energy Subsidies and Energy Consumption A Cross-Country Analysis Charap, Joshua |
| title_fullStr | Energy Subsidies and Energy Consumption A Cross-Country Analysis Charap, Joshua |
| title_full_unstemmed | Energy Subsidies and Energy Consumption A Cross-Country Analysis Charap, Joshua |
| title_short | Energy Subsidies and Energy Consumption |
| title_sort | energy subsidies and energy consumption a cross country analysis |
| title_sub | A Cross-Country Analysis |
| url | http://elibrary.imf.org/view/IMF001/20486-9781484367247/20486-9781484367247/20486-9781484367247.xml |
| work_keys_str_mv | AT charapjoshua energysubsidiesandenergyconsumptionacrosscountryanalysis AT ribeirodasilvaarthur energysubsidiesandenergyconsumptionacrosscountryanalysis AT rodriguezpedro energysubsidiesandenergyconsumptionacrosscountryanalysis |