气候变化领域集成服务门户(CCPortal): Economics of energy subsidy reforms in Bangladesh

CCPortal

DOI	10.1016/j.enpol.2020.111539
	Economics of energy subsidy reforms in Bangladesh
	Timilsina G.R.; Pargal S.
发表日期	2020
ISSN	03014215
卷号	142
英文摘要	As in many countries around the world, subsidies to energy in Bangladesh impose a significant fiscal burden, with benefits that disproportionately accrue to high-income households. Using a computable general equilibrium model, this study investigates the economy-wide impacts of the removal of direct subsidies in the electricity sector and indirect subsidy in natural gas in Bangladesh. The study finds that the removal of energy subsidies would be beneficial to the economy and would increase GDP. The magnitude of the economic impact depends on how the budgetary savings from the removal of electricity subsidy and the increased revenues due to the removal of indirect subsidies to natural gas are reallocated to the economy. Recycling the savings (or the new revenues) to fund investment would benefit the country most, followed by the case of utilizing them to fund cuts in income taxes, and finally to fund cuts in indirect taxes. While the reallocation of budgetary savings to households through lump-sum transfers is found inferior to other recycling options considered, it could be the preferred from the distributional perspective. However, further analysis is needed to confirm this. © 2020
关键词	Bangladesh Energy pricing reforms Energy subsidy General equilibrium modeling
英文关键词	Budget control; Economic and social effects; Investments; Natural gas; Recycling; Taxation; Bangladesh; Computable general equilibrium model; Economic impacts; Electricity sector; Energy subsidies; Income tax; Recycling options; Economics; economic impact; electricity generation; energy market; general equilibrium analysis; policy reform; savings; subsidy system; Bangladesh
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204887
作者单位	Senior Research Economist, Development Research Group, World Bank, Washington, DC, United States; Lead Energy Economist, Energy and Extractive Global Practice, World Bank, Washington, DC, United States
推荐引用方式 GB/T 7714	Timilsina G.R.,Pargal S.. Economics of energy subsidy reforms in Bangladesh[J],2020,142.
APA	Timilsina G.R.,&Pargal S..(2020).Economics of energy subsidy reforms in Bangladesh.Energy Policy,142.
MLA	Timilsina G.R.,et al."Economics of energy subsidy reforms in Bangladesh".Energy Policy 142(2020).