Charap, Joshua; Silva, Arthur Ribeiro da; Rodriguez, Pedro C - International Monetary Fund (IMF) - 2013
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 …