Global oil prices have surged in recent decades, significantly hurting household living standards. In response to rising prices, many governments introduced fuel price subsidy to protect the most vulnerable populations. The literature is almost unanimous that fuel price subsidies are inefficient and generate significant socioeconomic and environmental costs. However, it is also acknowledged that subsidies often represent a significant proportion of...
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详细
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2024/10/02
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政策研究报告
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WPS10939
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1
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2024/10/02
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Disclosed
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Fuel Subsidy Reforms : Lessons from the Literature and Assessing the Price Shock for Different Sectors through an Input-Output Table in the Case of Angola