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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...
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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 …
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-- 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 …
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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,...
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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...
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