This book proposes a simple framework for understanding the political economy of subsidy reform andapplies it to four in-depth country studies covering more than 30 distinct episodes of reform.Five key lessons emerge. First, energy subsidies often follow a life cycle, beginning as a way to stabilize prices and reduce exposure to price volatility for low-income consumers. However, as they grow in size and political power, they become entrenched. Second...
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INFORMATION
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2017/03/22
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Publication
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113262
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1
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1
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2017/03/09
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Disclosed
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The political economy of energy subsidy reform
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Political Economy
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