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The Quest for Subsidy Reforms in the Middle East and North Africa Region - A Microsimulation Approach to Policy Making (Hardcover, 1st ed. 2017)
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The Quest for Subsidy Reforms in the Middle East and North Africa Region - A Microsimulation Approach to Policy Making (Hardcover, 1st ed. 2017)
Series: Natural Resource Management and Policy, 42
Expected to ship within 12 - 19 working days
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This book is an analysis of energy and food subsidies in the MENA
region between 2010 and 2014. Using the World Bank's proprietary
SUBSIM model, the book studies the distribution of subsidies and
the simulation of subsidy reforms across eight countries within in
a partial equilibrium framework. The distributional analysis of
subsidies provides information on who benefits from existing
subsidies, while the simulations of subsidy reforms provide
information on the outcomes of the reforms in terms of government
budget, household welfare, poverty, inequality, and the trade-offs
between these outcomes. This focus provides governments with the
essential information they need to make decisions on subsidy
reforms and consumers with a clear sense of which programs and
reforms are successful. The book highlights the historical roots of
subsidies, the real trigger of subsidy reforms, and the complexity
of subsidy reforms. It discusses the pros and cons of radical and
gradualist approaches to reforms, the use of compensation
mechanisms and their implications, the advantages and disadvantages
of public information campaigns, the political economy of targeting
different economic populations, the political timing of reforms,
and whether, overall, the reforms observed in the MENA region have
been successful. The first book on subsidies in the MENA region
that is based on primary micro data, this book is useful for
researchers and graduate students studying political economy and
working with microsimulation modelling instruments as well as
government officials engaged in subsidies reforms, research
institutes and private consulting groups advising governments on
subsidy reforms.
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