Leveraging fuel subsidy reform for transition in Yemen
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 Ye...
| Autores principales: | , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
MDPI
2012
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/153238 |
| _version_ | 1855520850466308096 |
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| author | Breisinger, Clemens Engelke, Wilfried Ecker, Olivier |
| author_browse | Breisinger, Clemens Ecker, Olivier Engelke, Wilfried |
| author_facet | Breisinger, Clemens Engelke, Wilfried Ecker, Olivier |
| author_sort | Breisinger, Clemens |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | 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. |
| format | Journal Article |
| id | CGSpace153238 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2012 |
| publishDateRange | 2012 |
| publishDateSort | 2012 |
| publisher | MDPI |
| publisherStr | MDPI |
| record_format | dspace |
| spelling | CGSpace1532382025-12-08T10:29:22Z Leveraging fuel subsidy reform for transition in Yemen Breisinger, Clemens Engelke, Wilfried Ecker, Olivier development poverty fuels subsidies reforms 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. 2012 2024-10-01T13:55:50Z 2024-10-01T13:55:50Z Journal Article https://hdl.handle.net/10568/153238 en Open Access MDPI Breisinger, Clemens; Engelke, Wilfried; Ecker, Olivier 2012. Leveraging fuel subsidy reform for transition in Yemen. Sustainability 4(11): 2862-2887 |
| spellingShingle | development poverty fuels subsidies reforms Breisinger, Clemens Engelke, Wilfried Ecker, Olivier Leveraging fuel subsidy reform for transition in Yemen |
| title | Leveraging fuel subsidy reform for transition in Yemen |
| title_full | Leveraging fuel subsidy reform for transition in Yemen |
| title_fullStr | Leveraging fuel subsidy reform for transition in Yemen |
| title_full_unstemmed | Leveraging fuel subsidy reform for transition in Yemen |
| title_short | Leveraging fuel subsidy reform for transition in Yemen |
| title_sort | leveraging fuel subsidy reform for transition in yemen |
| topic | development poverty fuels subsidies reforms |
| url | https://hdl.handle.net/10568/153238 |
| work_keys_str_mv | AT breisingerclemens leveragingfuelsubsidyreformfortransitioninyemen AT engelkewilfried leveragingfuelsubsidyreformfortransitioninyemen AT eckerolivier leveragingfuelsubsidyreformfortransitioninyemen |