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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...
Persistent link: https://www.econbiz.de/10011384534
This book proposes a simple framework for understanding the political economy of subsidy reform and applies it to four …-income consumers. However, as they grow in size and political power, they become entrenched. Second, subsidy reform strategies vary … political capacities to implement difficult energy subsidy reforms. Fourth, improvements in social protection systems are often …
Persistent link: https://www.econbiz.de/10012245358
-- Overview -- Why Reform? -- What Is Subsidy Reform? -- Analytical Framework -- A Political Economy Analysis of the Onset …, Evolution, and Reform of Subsidy Regimes -- Case Study Selection -- Conclusions -- Annex 1A Episodes of Subsidy Reform -- Notes … Timeline of Recent Energy Subsidy and Related Political Events in the Dominican Republic -- Notes -- References -- Chapter 3 …
Persistent link: https://www.econbiz.de/10012682854
This essay reviews the relationship between natural-resource abundance and economic growth around the world, and presents some new results. The principal reasons why resource-based production can inhibit economic growth over long periods are traced to the Dutch disease, neglect of education,...
Persistent link: https://www.econbiz.de/10011397924
We develop a dynamic recursive model where political and economic decisions interact, to study how excessive debt-GDP ratios affect political sustainability of prudent fiscal policies. Rent seeking groups make political decisions - to cooperate (or not) - on the allocation of fiscal budgets...
Persistent link: https://www.econbiz.de/10011302496
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The paper empirically examines the implementation record of international financial regulation of the banking sector. The study finds that the size of the banking sector and the presence of global systemically important banks (G-SIBs) are positively associated with a stronger implementation...
Persistent link: https://www.econbiz.de/10012312172