The Economics And Political Economy Of Energy Subsidies

Author : Jon Strand
Publisher : MIT Press
ISBN 13 : 0262034646
Total Pages : 291 pages
Book Rating : 4.47/5 ( download)

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Download or read book The Economics and Political Economy of Energy Subsidies written by Jon Strand and published by MIT Press. This book was released on 2016-08-05 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic and political aspects of energy subsidies, viewed both theoretically and empirically, with a focus on fossil fuel subsidies in developing nations. Government subsidies to energy are widespread and represent a heavy burden on public budgets in many countries. Both producers and consumers may be subsidized; the most common subsidies are for motor fuel consumption and electricity production and consumption. The subsidies to consumers often prove particularly harmful because they result in increased energy consumption, increased carbon emissions, and distortionary effects on consumer behavior. This book fills a void in the literature by providing a first, broad and diverse, analysis of several aspects of the economic and political economy aspects of government energy subsidies. The contributors take both theoretical and empirical approaches, with most of the focus on subsidies to fuel and electricity in non-OECD countries. The chapters cover such topics as energy pricing, reelection incentives for politicians that may encourage excessive subsidies; political corruption and “bribing equilibria,” the the “resource curse” in developing countries when the gains from natural resource windfalls are largely wasted, the “entitlement” of energy subsidies in autocracies, and distributional issues when subsidies targeted to the poor are removed in high-income countries. One chapter discusses nonharmful subsidies: the potential economic effects of subsidizing the manufacturing and deployment of renewable energy. Contributors Carolyn Fischer, Mads Greaker, Mohammad Habibpour, Michelle Harding, Christina Kolerus, Christos Kotsogiannis, Jim Krane, Alber Touna Mama, Raffaele Miniaci, Marco Pani, Ian Parry, Carlo Perroni, Leonzio Rizzo, Knut Einar Rosendahl, Carlo Scarpa, Neda Seiban, Suphi Sen, Jon Strand, Paola Valbonesi, Herman Vollebergh

Author : Gabriela Inchauste
Publisher : World Bank Publications
ISBN 13 : 1464810087
Total Pages : 270 pages
Book Rating : 4.84/5 ( download)

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Download or read book The Political Economy of Energy Subsidy Reform written by Gabriela Inchauste and published by World Bank Publications. This book was released on 2017-03-22 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book proposes a simple framework for understanding the political economy of subsidy reform and applies it to four in-depth country studies covering more than 30 distinct episodes of reform. Five key lessons emerge. First, energy subsidies often follow a life cycle, beginning as a way to stabilize prices and reduce exposure to price volatility for low-income consumers. However, as they grow in size and political power, they become entrenched. Second, subsidy reform strategies vary because the underlying political economy problems vary. When benefits are concentrated, satisfying (or isolating) interest groups with alternative policies is an important condition for effective reform. When benefits are diffuse, it can be much harder to identify and manage the political coalition needed for reform. Third, governments vary in their administrative and political capacities to implement difficult energy subsidy reforms. Fourth, improvements in social protection systems are often critical to the success of reforms because they make it possible to target assistance to those most in need. Finally, the most interesting cases involve governments that take a strategic approach to the challenges of political economy. In these settings, fixing energy subsidies is central to the governments’ missions of retaining political power and reorganizing how the government delivers benefits to the population. These cases are examples of “reform engineering,†? where governments actively seek to create the capacity to implement alternative policies, depoliticize tariffs, and build credibility around alternative policies. The most successful reforms involve active efforts by policy leaders to identify the political forces supporting energy subsidies and redirect or inoculate them.

Author : Gabriela Inchauste
Publisher : Directions in Development
ISBN 13 : 9781464810077
Total Pages : 0 pages
Book Rating : 4.79/5 ( download)

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Download or read book The Political Economy of Energy Subsidy Reform written by Gabriela Inchauste and published by Directions in Development. This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume proposes a simple framework to understand the political economy of subsidy reform and applies it to four in-depth country studies covering more than 30 reform episodes. The most successful reforms involve active efforts by policy leaders to identify the political forces supporting energy subsidies and redirect or inoculate them

Author : Jakob Skovgaard
Publisher : Cambridge University Press
ISBN 13 : 1108416799
Total Pages : 349 pages
Book Rating : 4.95/5 ( download)

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Download or read book The Politics of Fossil Fuel Subsidies and Their Reform written by Jakob Skovgaard and published by Cambridge University Press. This book was released on 2018-08-23 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive volume provides the first book-length account on the politics of fossil fuel subsidies. This title is also available as Open Access.

Author : Mr.Christian Ebeke
Publisher : International Monetary Fund
ISBN 13 : 1475516363
Total Pages : 30 pages
Book Rating : 4.64/5 ( download)

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Download or read book Energy Subsidies and Public Social Spending written by Mr.Christian Ebeke and published by International Monetary Fund. This book was released on 2015-05-06 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that high energy subsidies and low public social spending can emerge as an equilibrium outcome of a political game between the elite and the middle-class when the provision of public goods is subject to bottlenecks, reflecting weak domestic institutions. We test this and other predictions of our model using a large cross-section of emerging markets and low-income countries. The main empirical challenge is that subsidies and social spending could be jointly determined (e.g., at the time of the budget), leading to a simultaneity bias in OLS estimates. To address this concern, we adopt an identification strategy whereby subsidies in a given country are instrumented by the level of subsidies in neighboring countries. Our Instrumental Variable (IV) estimations suggest that public expenditures in education and health were on average lower by 0.6 percentage point of GDP in countries where energy subsidies were 1 percentage point of GDP higher. Moreover, we find that the crowding-out was stronger in the presence of weak domestic institutions, narrow fiscal space, and among the net oil importers.

Author : Douglas Jay Arent
Publisher : Oxford University Press
ISBN 13 : 0198802242
Total Pages : 631 pages
Book Rating : 4.42/5 ( download)

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Download or read book The Political Economy of Clean Energy Transitions written by Douglas Jay Arent and published by Oxford University Press. This book was released on 2017 with total page 631 pages. Available in PDF, EPUB and Kindle. Book excerpt: A volume on the political economy of clean energy transition in developed and developing regions, with a focus on the issues that different countries face as they transition from fossil fuels to lower carbon technologies.

Author : Jun Rentschler
Publisher : Routledge
ISBN 13 : 1351175807
Total Pages : 227 pages
Book Rating : 4.07/5 ( download)

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Download or read book Fossil Fuel Subsidy Reforms written by Jun Rentschler and published by Routledge. This book was released on 2018-04-27 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries around the world are spending up to $500 billion per year on subsidising fossil fuel consumption. By some estimates, the G20 countries alone are spending around another $450 billion on subsidising fossil fuel production. In addition, the indirect social welfare costs of these subsidies have been shown to be substantial – for instance due to air pollution, road congestion, climate change, and economic inefficiency, to name a few. Considering these numbers, there is no doubt that fossil fuel subsidies cause severe economic distortions that compromise countries’ prospects of achieving equitable and sustainable development. This book provides a guide to the complex challenge of designing, assessing, and implementing effective fossil fuel subsidy reforms. It shows that subsidy reform requires a careful balancing of complex economic and political trade-offs, as well as measures to mitigate adverse effects on vulnerable households and to assist firms with implementing efficiency enhancing measures. Going beyond the purely fiscal perspective, this book emphasises that smart subsidy reforms can contribute to all three dimensions of sustainable development – environment, society, and economy. Over the course of eight chapters, this book considers a wide range of agents and stakeholders, markets, and policy measures in order to distil the key principles of designing effective fossil fuel subsidy reforms. This book will be of great relevance to scholars and policy makers with an interest in energy economics and policy, climate change policy, and sustainable development more broadly.

Author : Lucky E. Asuelime
Publisher : Routledge
ISBN 13 : 135167210X
Total Pages : 190 pages
Book Rating : 4.08/5 ( download)

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Download or read book The Political Economy of Energy in Sub-Saharan Africa written by Lucky E. Asuelime and published by Routledge. This book was released on 2017-09-29 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: A deepening ecological crisis is rearing its head in sub-Saharan Africa, as it faces a myriad of challenges in regards to the development of its energy sector. The ‘dirty now and clean up later’ approach to the environment has a strong appeal, particularly because it is often thought of as the last place to try to edge in another priority - especially if that priority is perceived by many to be an economic luxury. Asuelime and Okem bring together a team of specialist contributors who investigate to what extent sub-Saharan Africa has displayed foresight or politico-economic integrity. The book shows the state’s ability to meet the demands of provision of energy in sub-Saharan Africa has led to heavy investments in infrastructure, transmission and distribution of energy to the citizens. However, the inefficiencies, corruption and unhealthy bureaucratic challenges that accompany this have led urgent problems, which will be thoroughly explored in this book. The Political Economy of Energy in Sub-Saharan Africa will be of interest to students and scholars of African Studies, Development Studies, political science and environment.

Author : Mr.Benedict J. Clements
Publisher : International Monetary Fund
ISBN 13 : 1484339169
Total Pages : 390 pages
Book Rating : 4.69/5 ( download)

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Download or read book Energy Subsidy Reform written by Mr.Benedict J. Clements and published by International Monetary Fund. This book was released on 2013-09-13 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy subsidies are aimed at protecting consumers, however, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. This book provides the most comprehensive estimates of energy subsidies currently available for 176 countries and an analysis of “how to do” energy subsidy reform, drawing on insights from 22 country case studies undertaken by the IMF staff and analyses carried out by other institutions.

Author : Andreas Goldthau
Publisher : Edward Elgar Publishing
ISBN 13 : 1783475633
Total Pages : 416 pages
Book Rating : 4.36/5 ( download)

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Download or read book Handbook of the International Political Economy of Energy and Natural Resources written by Andreas Goldthau and published by Edward Elgar Publishing. This book was released on 2018-01-26 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook offers a comprehensive overview of the latest research from leading scholars on the international political economy of energy and resources. Highlighting the important conceptual and empirical themes, the chapters study all levels of governance, from global to local, and explore the wide range of issues emerging in a changing political and economic environment.