Phasing out energy subsidies as part of Egypt’s economic reform program: Impacts and policy implications

Clemens Breisinger (), Askar Mukashov, Mariam Raouf and Manfred Wiebelt ()

No 7, MENA working papers from International Food Policy Research Institute (IFPRI)

Abstract: In order to address long-standing economic challenges, in 2016 the Government of Egypt (GOE) put in place a major economic reform program to restore macroeconomic stability and to promote inclusive growth. As a result, there are early signs that the economy is rebounding and Egypt’s economic outlook is becoming more favorable. However, it is less clear how the ongoing reform program is affecting households, especially the poor. To shed light on this question, this paper uses an economy-wide model to estimate the distributional impacts of the energy subsidy cuts in 2014, 2016, and 2017, the currency devaluation at the end of 2016, and the expected complete phasing out of energy subsidies over the coming years.

Keywords: energy policies; low income groups; economic growth; social protection; computable general equilibrium model; subsidies; household consumption; exchange rate; prices; energy; impact assessment; Egypt; Africa; Northern Africa; Middle East (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-ara and nep-ene
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Persistent link: https://EconPapers.repec.org/RePEc:fpr:menawp:7

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