Low world oil prices: A chance to reform fuel subsidies and promote public transport? A case study for South Africa
Martin Henseler and
Transportation Research Part A: Policy and Practice, 2018, vol. 108, issue C, 45-62
Since the fall in world oil prices in June 2014, the economic and political settings for fossil fuel subsidy reforms have changed. As in many developing economies, in South Africa oil price subsidies are criticized as an inefficient policy instrument because they hamper economic growth, contradict objectives of climate change mitigation and mainly benefit high income households which can afford to own a car.
Keywords: World oil prices; Fossil fuel subsidies; Subsidy reform; Transport; CGE model; South Africa (search for similar items in EconPapers)
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