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|c 5.00 USD
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|z 9781498342391
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|a 2663-3493
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
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|a Energy Subsidy Reform :
|b Lessons and Implications.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2013.
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|a 1 online resource (68 pages)
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|a Policy Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Energy subsidies have wide-ranging economic consequences. While aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd-out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive industries, reducing incentives for investment in renewable energy, and accelerating the depletion of natural resources. Most subsidy benefits are captured by higher-income households, reinforcing inequality. Even future generations are affected through the damaging effects of increased energy consumption on global warming. This paper provides: (i) the most comprehensive estimates of energy subsidies currently available for 176 countries; and (ii) an analysis of ?how to do energy subsidy reform, drawing on insights from 22 country case studies undertaken by IMF staff and analyses carried out by other institutions.
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|a Mode of access: Internet
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|a Policy Papers; Policy Paper ;
|v No. 2013/004
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/007/2013/004/007.2013.issue-004-en.xml
|z IMF e-Library
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