Energy subsidies and public social spending : theory and evidence /
Saved in:
| Author / Creator: | Ebeke, Christian, author. |
|---|---|
| Imprint: | [Washington, D.C.] : International Monetary Fund, ©2015. |
| Description: | 1 online resource (30 pages) : color illustrations, color maps. |
| Language: | English |
| Series: | IMF working paper ; WP/15/101 IMF working paper ; WP/15/101. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12504452 |
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| 050 | 4 | |a HG3881.5.I58 |b W67 No. 15/101eb | |
| 100 | 1 | |a Ebeke, Christian, |e author. |0 http://id.loc.gov/authorities/names/no2012035055 | |
| 245 | 1 | 0 | |a Energy subsidies and public social spending : |b theory and evidence / |c prepared by Christian Ebeke and Constant Lonkeng Ngouana. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2015. | ||
| 300 | |a 1 online resource (30 pages) : |b color illustrations, color maps. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/15/101 | |
| 500 | |a "May 2015." | ||
| 500 | |a "European Department and Fiscal Affairs Department." | ||
| 504 | |a Includes bibliographical references (pages 25-26). | ||
| 520 | |a This paper shows that high energy subsidies and low public social spending can emerge as an equilibrium outcome of a political game between the elite and the middle-class when the provision of public goods is subject to bottlenecks, reflecting weak domestic institutions. We test this and other predictions of our model using a large cross-section of emerging markets and low-income countries. The main empirical challenge is that subsidies and social spending could be jointly determined (e.g., at the time of the budget), leading to a simultaneity bias in OLS estimates. To address this concern, we adopt an identification strategy whereby subsidies in a given country are instrumented by the level of subsidies in neighboring countries. Our Instrumental Variable (IV) estimations suggest that public expenditures in education and health were on average lower by 0.6 percentage point of GDP in countries where energy subsidies were 1 percentage point of GDP higher. Moreover, we find that the crowding-out was stronger in the presence of weak domestic institutions, narrow fiscal space, and among the net oil importers. --Abstract. | ||
| 588 | 0 | |a Online resource; title from pdf title page (IMF.org Web site, viewed May 11, 2015). | |
| 650 | 0 | |a Power resources |x Subsidies |z Developing countries |x Econometric models. | |
| 650 | 0 | |a Energy policy |z Developing countries |x Econometric models. | |
| 650 | 0 | |a Expenditures, Public |x Econometric models. | |
| 650 | 0 | |a Social policy |x Economic aspects |z Developing countries |x Econometric models. | |
| 650 | 0 | |a Education |z Developing countries |x Econometric models. | |
| 650 | 0 | |a Public health |z Developing countries |x Econometric models. | |
| 650 | 0 | |a Public goods |x Econometric models. | |
| 650 | 0 | |a Crowding out (Economics) |z Developing countries |x Econometric models. | |
| 650 | 6 | |a Dépenses publiques |x Modèles économétriques. | |
| 650 | 6 | |a Biens collectifs |x Modèles économétriques. | |
| 650 | 7 | |a Crowding out (Economics) |x Econometric models. |2 fast |0 (OCoLC)fst00884272 | |
| 650 | 7 | |a Education |x Econometric models. |2 fast |0 (OCoLC)fst00902609 | |
| 650 | 7 | |a Energy policy |x Econometric models. |2 fast |0 (OCoLC)fst00910209 | |
| 650 | 7 | |a Expenditures, Public |x Econometric models. |2 fast |0 (OCoLC)fst00918354 | |
| 650 | 7 | |a Public goods |x Econometric models. |2 fast |0 (OCoLC)fst01082232 | |
| 650 | 7 | |a Public health |x Econometric models. |2 fast |0 (OCoLC)fst01082257 | |
| 651 | 7 | |a Developing countries. |2 fast |0 (OCoLC)fst01242969 | |
| 655 | 0 | |a Electronic books. | |
| 700 | 1 | |a Lonkeng Ngouana, Constant. |0 http://id.loc.gov/authorities/names/no2012037787 | |
| 710 | 2 | |a International Monetary Fund. |b European Department. |0 http://id.loc.gov/authorities/names/n86100166 | |
| 710 | 2 | |a International Monetary Fund. |b Fiscal Affairs Department. |0 http://id.loc.gov/authorities/names/n81027435 | |
| 776 | 0 | 8 | |a Print Version: |z 9781475580747 |
| 830 | 0 | |a IMF working paper ; |v WP/15/101. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2015/101/001.2015.issue-101-en.xml |y INTERNATIONAL MONETARY FUND |
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| 928 | |t Library of Congress classification |a HG3881.5.I58W67 No. 15/101eb |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2015/101/001.2015.issue-101-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12148783 | ||