| Description |
1 online resource (79 pages) : color illustrations. |
|
text file |
| Series |
IMF working paper ; WP/15/30
|
|
IMF working paper ; WP/15/30.
|
| Note |
"Prepared by Gabriel Di Bella, Lawrence Norton, Joseph Ntamatungiro, Sumiko Ogawa, Issouf Samaké, and Marika Santoro." |
|
"February 2015." |
|
"Western Hemisphere Department." |
| Bibliography |
Includes bibliographical references (pages 75-79). |
| Summary |
The oil price decline creates an opportunity to dismantle energy subsidies, which escalated with high oil prices. This paper assesses energy subsidies in Latin America and the Caribbean---about 1.8 percent of GDP in 2011--13 (approximately evenly split between fuel and electricity), and about 3.8 percent of GDP including negative externalities. Countries with poorer institutions subsidize more. Energy-rich countries subsidize fuel more, but low-income countries are more likely to subsidize electricity, as are Central America and the Caribbean. Energy subsidies impose fiscal costs, hurting SOEs, competitiveness, and distribution. The paper overviews country experience with subsidy reform, drawing lessons.--Abstract. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Natural resources -- Latin America.
|
|
Natural resources. |
|
Latin America. |
|
Energy industries -- Latin America.
|
|
Energy industries. |
|
Fiscal policy -- Latin America.
|
|
Fiscal policy. |
|
Government business enterprises -- Latin America.
|
|
Government business enterprises. |
|
Natural resources -- Caribbean Area.
|
|
Caribbean Area. |
|
Energy industries -- Caribbean Area.
|
|
Fiscal policy -- Caribbean Area.
|
|
Government business enterprises -- Caribbean Area.
|
| Genre/Form |
Electronic books.
|
| Added Author |
Di Bella, Gabriel.
|
|
International Monetary Fund. Western Hemisphere Department.
|
| Other Form: |
Print version: Energy subsidies in Latin America and the Caribbean : stocktaking and policy challenges. [Washington, District of Columbia] : International Monetary Fund, c2015 79 pages IMF working paper ; WP/15/30. 9781484365366 |
| ISBN |
9781498379915 (electronic book) |
|
1498379915 (electronic book) |
|
9781484365366 |
|
