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cyclicality is higher the lower the level of economic development. …
Persistent link: https://www.econbiz.de/10008727788
This paper reviews evidence on the impact of fuel subsidy reform on household welfare in developing countries. On average, the burden of subsidy reform is neutrally distributed across income groups; a $0.25 decrease in the per liter subsidy results in a 6 percent decrease in income for all...
Persistent link: https://www.econbiz.de/10008671315