| 来源类型 | Presentations
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| 规范类型 | 其他
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| Saudi Arabia’s Energy Pricing Reform in a Changing Domestic and Global Context |
| Bassam Fattouh
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| 发表日期 | 2018-01-24
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| 出版年 | 2018
|
| 页码 | 2
|
| 语种 | 英语
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| 概述 | It is often implied that economic adjustments and structural reforms are very difficult in the context of rentier economies. Yet recent experience shows that in response to the declines in oil price and uncertainties surrounding oil markets, GCC countries have been able to introduce some limited reforms with relative ease and, so far, without much […] |
| 摘要 | It is often implied that economic adjustments and structural reforms are very difficult in the context of rentier economies. Yet recent experience shows that in response to the declines in oil price and uncertainties surrounding oil markets, GCC countries have been able to introduce some limited reforms with relative ease and, so far, without much public opposition. Perhaps most visible are the recent energy price increases in Saudi Arabia. While low energy prices are associated with wide distortions, inefficiencies and inequities, increasing domestic energy prices without introducing compensation measures has both direct and indirect adverse impacts on households’ welfare. In Saudi Arabia, low energy prices have another dimension, as they have been central to the country’s industrialization strategy, which is based on the competitiveness of energy intensive industries such as petrochemicals, aluminum and steel. In this presentation given at the Oxford Centre for Islamic Studies, Bassam Fattouh addresses the following key questions:
The presentation addresses these questions in the context of changing international and domestic scenes and makes the following observations. First, the sustainability of energy pricing reforms is highly dependent on developing effective social safety nets and cash transfer schemes, which in turn depends on the quality of the implementation of these schemes and the institutions involved. Second, the energy sector will continue to play a key role in the Saudi economy and therefore energy intensive industries are key in shaping the energy pricing reform agenda going forward, with the price of industrial fuels expected to rise gradually and to levels that ensure industrial competitiveness. Finally, the relationship between economic and political opening is complex: economic reform may not necessarily bring political reform; and social openness is not necessarily a substitute for successful economic reforms which are needed to generate wealth and jobs for young people, the new power base for the new leadership. |
| 主题 | Country and Regional Studies
; Energy Policy
; Oil & Middle East Programme
|
| 关键词 | Energy Intensive Industry
energy pricing refom
Saudi Arabia
|
| URL | https://www.oxfordenergy.org/publications/saudi-arabias-energy-pricing-reform-changing-domestic-global-context/
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| 来源智库 | Oxford Institute for Energy Studies (United Kingdom)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/312526
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推荐引用方式
GB/T 7714 |
Bassam Fattouh. Saudi Arabia’s Energy Pricing Reform in a Changing Domestic and Global Context. 2018.
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文件名：
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Saudi-Arabias-Energy-Pricing-Reform-in-a-Changing-Domestic-and-Global-Contect.pdf
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格式：
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Adobe PDF
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