Journal Article

Leveraging Fuel Subsidy Reform for Transition in Yemen

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collection.link.125
https://openknowledge.worldbank.org/handle/10986/4401
collection.name.125
C. Journal articles published externally
dc.contributor.author
Breisinger, Clemens
dc.contributor.author
Engelke, Wilfried
dc.contributor.author
Ecker, Olivier
dc.date.accessioned
2015-12-01T22:51:01Z
dc.date.available
2015-12-01T22:51:01Z
dc.date.issued
2012-10-30
dc.description.abstract
Yemen is currently undergoing a major political transition, yet many economic challenges—including fuel subsidy reform—remain highly relevant. To inform the transition process with respect to a potential subsidy reform, we use a dynamic computable general equilibrium and microsimulation model for Yemen; we show that overall growth effects of subsidy reduction are positive in general, but poverty can increase or decrease depending on reform design. A promising strategy for a successful reform combines fuel subsidy reduction with direct income transfers to the poorest one-third of households during reform, and productivity-enhancing investment in infrastructure, plus fiscal consolidation. Public investments should be used for integrating economic spaces and restructuring of agricultural, industrial and service value chains in order to create a framework that encourages private-sector-led and job-creating growth.
en
dc.identifier.citation
Sustainability
dc.identifier.uri
http://hdl.handle.net/10986/23184
dc.language.iso
en_US
dc.publisher
MDPI
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
fuel subsidy reform
dc.subject
poverty
dc.title
Leveraging Fuel Subsidy Reform for Transition in Yemen
en
dc.type
Journal Article
en
okr.date.disclosure
2015-12-01
okr.doctype
Publications & Research :: Journal Article
okr.doctype
Publications & Research
okr.externalcontent
External Content
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.3390/su4112862
okr.identifier.report
102466
okr.journal.nbpages
2862-87
okr.language.supported
en
okr.peerreview
Academic Peer Review
okr.region.administrative
Middle East and North Africa
okr.region.country
Yemen, Republic of
okr.relation.associatedurl
http://www.mdpi.com/2071-1050/4/11/2862
okr.topic
Macroeconomics and Economic Growth :: Taxation & Subsidies
okr.topic
Energy :: Energy and Poverty Alleviation
okr.topic
Energy :: Energy Policies & Economics
okr.topic
Energy :: Fuels
okr.topic
Poverty Reduction :: Poverty Reduction Strategies
okr.topic
Poverty Reduction :: Services & Transfers to Poor
okr.volume
4(11)

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