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Low oil prices: an opportunity for fuel subsidy reform

Benes, Keith and Cheon, Andrew and Urpelainen, Johannes and Yang, Joonseok (2016) Low oil prices: an opportunity for fuel subsidy reform. International Growth Centre Blog (18 Jan 2016). Blog.

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Abstract

Consumer fuel subsidies are not only economically costly, but also environmentally destructive and highly inefficient for social welfare goals. The recent decline in oil prices presents an opportunity for governments to reduce consumer fuel subsidies without risking a backlash from consumers and vested interests. Once removed, subsidies could be replaced with more efficient social policy.

Item Type: Website (Blog)
Official URL: http://www.theigc.org/
Additional Information: © 2016 The Author(s)
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HF Commerce
H Social Sciences > HJ Public Finance
H Social Sciences > HN Social history and conditions. Social problems. Social reform
J Political Science > JF Political institutions (General)
Sets: Research centres and groups > International Growth Centre (IGC)
Date Deposited: 20 Jun 2017 11:44
Last Modified: 20 Jun 2017 11:44
URI: http://eprints.lse.ac.uk/id/eprint/81803

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