| Description |
1 online resource (20 pages) : color illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/13/112 |
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IMF working paper ; WP/13/112.
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| Contents |
Cover; Contents; I. Introduction; II. Responsiveness of Energy Consumption to Energy Prices-Findings in the Empirical Literature; Tables; 1. Income and Price Elasticities of Energy Demand: Literature Review; III. Reexamining the (Long-term) Price Elasticity of Energy Consumption; Figures; 1. Energy Consumption and Gasoline Prices, 2010; 2. Log of Share of Energy Consumption to (real) GDP and Log of Real Gasoline Prices in a Sample of 66 Countries, 2002-10; IV. Estimation Results; 2. Estimating Energy Demand-Baseline Estimations |
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3. Estimating Energy Demand-Allowing for Different Income and Price Elasticities Across Country GroupsV. Robustness Checks; 4. Estimating Energy Demand-Robustness Checks; VI. Implications for Subsidy Reform; VII. Conclusions; 3. Cost and Deadweight Loss from Subsidies; References |
| Summary |
"The economic and environmental implications of energy subsidies have received renewed attention from policymakers and economists in recent years. Nevertheless there remains significant uncertainty regarding the magnitude of the impact of energy subsidies on energy consumption. In this paper we analyze a panel of cross-country data to explore the responsiveness of energy 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 reform are likely to be much smaller, which suggests the need for either a gradual approach to subsidy reform or for more generous safety nets in the short term"--Abstract |
| Notes |
Title from PDF title page (IMF Web site, viewed May 21, 2013) |
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"Middle East and Central Asia Department"--Page 2 of pdf |
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"May 2013"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references (page 19) |
| Subject |
Energy policy.
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Energy industries -- Finance
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Power resources -- Finance
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Subsidies.
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Energy consumption.
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subsidies.
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energy consumption.
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Energy consumption
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Energy industries -- Finance
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Energy policy
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Power resources -- Finance
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Subsidies
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| Form |
Electronic book
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| Author |
Silva, Arthur Ribeiro da.
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Rodriguez, Pedro Cesar.
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International Monetary Fund. Middle East and Central Asia Department.
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| ISBN |
9781484323519 |
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1484323513 |
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1484324528 |
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9781484324523 |
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9781484367247 |
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1484367243 |
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