Energy Subsidies and Public Social Spending : Theory and Evidence /
This paper shows that high energy subsidies and low public social spending can emerge as an equilibrium outcome of a political game between the elite and the middle-class when the provision of public goods is subject to bottlenecks, reflecting weak domestic institutions. We test this and other predi...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 2015/101 |
| Acesso em linha: | Full text available on IMF |