Repositorio Institucional Ulima

Energy subsidies, public investment and endogenous growth

Mostrar el registro sencillo del ítem Mundaca-Elías, Gabriela
dc.contributor.other Mundaca-Elías, Gabriela es 2017-11-22T13:21:06Z 2017-11-22T13:21:06Z 2017
dc.identifier.citation Mundaca, G. (2017). Energy subsidies, public investment and endogenous growth. Energy Policy, (110), 693-709. es_ES
dc.identifier.issn 0301-4215
dc.description.abstract We consider impacts of fossil fuel subsidy reforms on economic growth, focusing mostly on the Middle East and North Africa (MENA) countries. The main empirical result is that a country that initially subsidizes its fossil fuels, and then eliminates or reduces these subsidies, will as a result experience higher economic GDP per capita growth, and higher levels of employment and labor force participation, especially among the young. These effects are strongest in countries whose fuel subsidies are high at the outset, such as in the MENA region. Our model predicts that a 20 US$ cents average increase in the gasoline and diesel prices per liter, through removal of subsidies, increase the GDP per capita growth rate by about 0.48% and 0.30%, respectively. In the MENA countries, governments’ savings from reduced subsidies seem to be earmarked mainly to health expenditures, education expenditures and public investment in infrastructure. These channels appear to be strong contributing factors to higher long-run growth when fuel subsidies are reduced. es_ES
dc.description.uri Indexado en Scopus es
dc.description.uri Acceso restringido a la comunidad Ulima (Para acceder al texto completo si es Docente Ulima, anteponer ULIMA/ a su usuario)
dc.format application/pdf es
dc.language.iso eng es_ES
dc.publisher Elsevier es_ES
dc.rights info:eu-repo/semantics/restrictedAccess
dc.source Universidad de Lima es
dc.source Repositorio Institucional - Ulima es
dc.subject Subsidios es
dc.subject Combustibles fósiles es
dc.subject Desarrollo económico es
dc.subject Inversiones públicas es
dc.subject Subsidies en
dc.subject Fossil fuels en
dc.subject Economic development en
dc.subject Public investments en
dc.subject.classification Ciencias empresariales y económicas / Economía es
dc.title Energy subsidies, public investment and endogenous growth es_ES
dc.type info:eu-repo/semantics/article es_PE
dc.type.other Artículo en Scopus es_PE
dc.identifier.journal Energy Policy es Reino Unido es

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