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来源类型Papers
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DOIhttps://doi.org/10.26889/9781784670214
A Brief Political Economy of Energy Subsidies in the Middle East and North Africa
Bassam Fattouh; Laura El-Katiri
发表日期2015-02-24
出版年2015
页码8
语种英语
概述Energy subsidies are among the most pervasive, and most controversial fiscal policy tools in the Middle East and North Africa (MENA). In a region with few functioning social welfare systems, subsidized energy prices continue to form an important social safety net, albeit a highly costly and inefficient one. In the MENA region’s oil and gas […]
摘要Energy subsidies are among the most pervasive, and most controversial fiscal policy tools in the Middle East and North Africa (MENA). In a region with few functioning social welfare systems, subsidized energy prices continue to form an important social safety net, albeit a highly costly and inefficient one. In the MENA region’s oil and gas producers, low energy prices have also historically formed an important element of an unwritten social contract, where governments extracted their countries’ hydrocarbon riches in return for citizens’ participation in sharing resource rents. While it is clear that energy subsidy reform will not be the only variable at play, its potential socio-economic dividends are important factors enabling some common regional objectives – sustainable fiscal policy, fiscal space to invest in key areas, and a more efficient and equitable distribution of scarce resources – to be achieved, helping to promote a more stable political status quo in the long term. If accommodated by effective mitigation measures, reforming energy subsidies in the MENA region’s middle-income economies could be a powerful tool for governments – addressing those very profound socio-economic grievances that have contributed to the outbreak of political protest. In this paper, we look at some of the MENA region’s potential avenues into reform. While the past has demonstrated the political difficulty of reforming energy prices, recent experience also shows that the reform of energy subsidies can be done, if accompanied by a set of enabling factors.
主题Country and Regional Studies ; Energy Policy ; Oil & Middle East Programme
关键词Energy Pricing Reform Fiscal Stability Arab Spring Energy subsidies Middle East and North Africa
URLhttps://www.oxfordenergy.org/publications/a-brief-political-economy-of-energy-subsidies-in-the-middle-east-and-north-africa/
来源智库Oxford Institute for Energy Studies (United Kingdom)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/312353
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Bassam Fattouh,Laura El-Katiri. A Brief Political Economy of Energy Subsidies in the Middle East and North Africa. 2015.
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