Publication:
Egypt: Guiding Reform of Energy Subsidies Long-Term

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dc.contributor.authorGriffin, Peter
dc.contributor.authorLaursen, Thomas
dc.contributor.authorRobertson, James
dc.date.accessioned2016-03-09T16:35:27Z
dc.date.available2016-03-09T16:35:27Z
dc.date.issued2016-02
dc.description.abstractThis paper examines the short- and long-run economic impact of Egypt's energy subsidy reform in July 2014 (without and without compensating transfers for the bottom 40 percent of the income distribution) and the decline in global energy prices, as well as the long-run impact of phasing out the energy subsidies over a 5 year period. The analysis uses a Computable General Equilibrium model with 56 productive sectors, including 11 energy subsectors. The short-run analysis employs a two-stage factor market adjustment, with wages first fixed and then flexible. The long-run analysis is run in a recursive dynamic mode, capturing the impact of improved productivity and increased investment resulting from more efficient allocation of resources and reduction in government deficits. In the short run, the 2014 reforms lead to slightly lower consumption while investment increases strongly and production shifts from highly subsidized energy-intensive sectors such as energy, water and sanitation, and transport to other sectors (notably construction). The impact on overall consumer prices is limited. In the longer run, real GDP growth increases by about one percentage point relative to the baseline before the 2014 reform.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/02/25946391/egypt-guiding-reform-energy-subsidies-long-term
dc.identifier.doi10.1596/1813-9450-7571
dc.identifier.urihttps://hdl.handle.net/10986/23890
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7571
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectSANITATION
dc.subjectEMPLOYMENT
dc.subjectNATURAL GAS OUTPUT
dc.subjectFUEL SUBSIDIES
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectPOWER PLANTS
dc.subjectOIL PRICE
dc.subjectADVERSE IMPACTS
dc.subjectINCOME
dc.subjectACTIVITIES
dc.subjectGENERATION
dc.subjectREAL GDP
dc.subjectBALANCE OF PAYMENTS
dc.subjectEXPORTS
dc.subjectELASTICITY
dc.subjectGAS PRICES
dc.subjectDOMESTIC NATURAL GAS
dc.subjectGASOLINE
dc.subjectENERGY PRODUCTS
dc.subjectECONOMIC IMPLICATIONS
dc.subjectINCENTIVES
dc.subjectEQUILIBRIUM
dc.subjectGAS
dc.subjectSUBSIDY
dc.subjectPRICE
dc.subjectTAX
dc.subjectINPUTS
dc.subjectOIL PRODUCTION
dc.subjectPAYMENTS
dc.subjectDISTRIBUTION OF ENERGY
dc.subjectTRADE BALANCE
dc.subjectLNG
dc.subjectOIL PRICES
dc.subjectPETROLEUM
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectNATURAL GAS PRICES
dc.subjectCOSTS
dc.subjectOIL
dc.subjectPOWER GENERATION
dc.subjectELECTRIC POWER PLANTS
dc.subjectHIGHER ENERGY PRICES
dc.subjectTRANSPORT
dc.subjectPOWER SECTOR
dc.subjectREFINED PETROLEUM PRODUCTS
dc.subjectMOBILITY
dc.subjectBASE YEAR
dc.subjectCRUDE OIL PRODUCTION
dc.subjectOIL PRODUCTS
dc.subjectWATER
dc.subjectHIGH ENERGY
dc.subjectBUDGET DEFICITS
dc.subjectTOTAL COSTS
dc.subjectSTATIC ANALYSIS
dc.subjectPRICE SUBSIDIES
dc.subjectSUBSIDIES
dc.subjectTAXES
dc.subjectPRODUCTIVITY GROWTH
dc.subjectCONSUMPTION
dc.subjectVALUE ADDED
dc.subjectTRANSPORTATION
dc.subjectECONOMIC PERFORMANCE
dc.subjectCAPITAL
dc.subjectWAGES
dc.subjectINTERNATIONAL TRADE
dc.subjectELECTRIC POWER
dc.subjectBALANCE
dc.subjectPRICE ELASTICITIES
dc.subjectOIL PRODUCER
dc.subjectELECTRIC POWER GENERATION
dc.subjectUTILITIES
dc.subjectVALUE
dc.subjectWAGE RATES
dc.subjectPOWER
dc.subjectELECTRICITY
dc.subjectCEMENT
dc.subjectELASTICITIES
dc.subjectMACROECONOMICS
dc.subjectTRADE DEFICIT
dc.subjectECONOMIC SECTORS
dc.subjectDRY NATURAL GAS
dc.subjectGAS PRODUCER
dc.subjectELECTRICITY GENERATION
dc.subjectPRICE CHANGES
dc.subjectENERGY EXTRACTION
dc.subjectAGRICULTURE
dc.subjectCONSUMERS
dc.subjectECONOMIC EFFICIENCY
dc.subjectOIL PRODUCERS
dc.subjectCOST OF ENERGY
dc.subjectMEASUREMENT
dc.subjectGAS OUTPUT
dc.subjectENERGY USE
dc.subjectDYNAMIC ANALYSIS
dc.subjectBENCHMARK
dc.subjectENERGY PRICES
dc.subjectFIXED PRICES
dc.subjectTAX REVENUE
dc.subjectELECTRICITY PRICES
dc.subjectCAPITAL USE
dc.subjectTRADE
dc.subjectNATURAL GAS
dc.subjectGDP
dc.subjectGOODS
dc.subjectGOVERNMENT SUBSIDIES
dc.subjectGROWTH RATE
dc.subjectOIL EXPORTERS
dc.subjectINVESTMENT
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectCONTROLLED PRICES
dc.subjectDOMESTIC ENERGY
dc.subjectADVERSE IMPACT
dc.subjectCOAL
dc.subjectDIESEL FUEL
dc.subjectCRUDE OIL
dc.subjectFUEL
dc.subjectFUEL OIL
dc.subjectINVESTMENTS
dc.subjectPETROLEUM PRODUCTS
dc.subjectTRANSPORT COSTS
dc.subjectFULL EMPLOYMENT
dc.subjectDIESEL
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectENERGY COSTS
dc.subjectPRICES
dc.subjectAPPROACH
dc.subjectPRODUCTION COSTS
dc.subjectENERGY
dc.subjectDEVELOPMENT POLICY
dc.subjectINCOME GROUPS
dc.subjectNATURAL GAS PRICING
dc.titleEgypten
dc.title.subtitleGuiding Reform of Energy Subsidies Long-Termen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleEgypt: Guiding Reform of Energy Subsidies Long-Term
okr.date.disclosure2016-02-19
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2016/02/25946391/egypt-guiding-reform-energy-subsidies-long-term
okr.guid310781467988953360
okr.identifier.doi10.1596/1813-9450-7571
okr.identifier.doihttps://doi.org/10.1596/1813-9450-7571
okr.identifier.externaldocumentum090224b08419742e_1_0
okr.identifier.internaldocumentum25946391
okr.identifier.reportWPS7571
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/02/19/090224b08419742e/1_0/Rendered/PDF/Egypt000guidin00subsidies0long0term.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryEgypt, Arab Republic of
okr.topicEnergy::Energy and Environment
okr.topicEnergy::Energy Production and Transportation
okr.topicMacroeconomics and Economic Growth::Taxation & Subsidies
okr.topicTransport::Transport Economics Policy & Planning
okr.unitMacroeconomics and Fiscal Management Global Practice Group and the Middle East and North Africa Region
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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