Energy Subsidies and Public Social Spending : Theory and Evidence

Theory and Evidence

Energy Subsidies and Public Social Spending : Theory and Evidence
This paper shows that high energy subsidies and low public social spending can emerge as anequilibrium outcome of a political game between the elite and the middle-class when the provisionof public goods is subject to bottlenecks, reflecting weak domestic institutions. We test this andother predictions of our model using a large cross-section of... READ MORE...

Publication date: May 2015
ISBN 9781475580747
$18.00

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