The Economy-Wide Impact of Subsidy Reform: A CGE Analysis

Oil prices fell from around $US110 per barrel in 2014 to less than $US50per barrel at the start of 2017. This put enormous pressure on government budgets within the Gulf Cooperation Council (GCC) region. The focus of GCC economic policies quickly shifted to fiscal reform, including the removal of do...

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Veröffentlicht in:	World trade review 2020-07, Vol.19 (S1), p.s18-s38
Hauptverfasser:	Roos, Elizabeth L., Adams, Philip D.
Format:	Artikel
Sprache:	eng
Schlagworte:	Budget deficits Computable general equilibrium models Crude oil prices Economic development Economic growth Economic impact Economics Energy economics Energy industry Energy prices Expenditures Fiscal policy Fossil fuels Gasoline prices International trade Natural gas reserves Oil reserves Reforms Subsidies
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