perspective
Description
The paper by Jorge Blazquez, Marzio Galeotti, Baltasar Manzano, Axel Pierru, Shreekar Pradhan, (2021), that highlight the following:
Effects of structural reforms primarily depend on how oil exports are impacted and government revenues are recycled.
- Energy price reform delivers a welfare gain of over 20% of current consumption.
- Introducing the VAT generates welfare gains of up to 4.3% of current consumption.
- Welfare effects of deploying renewables are sensitive to the selected financing scheme.
- Welfare increases ranges between 23.5% and 32.4% when the three policies are jointly implemented.
- Can you please add your perspective?
References
Jorge Blazquez, Marzio Galeotti, Baltasar Manzano, Axel Pierru, Shreekar Pradhan, (2021), Effects of Saudi Arabiaænbsp;economic reforms: Insights from a DSGE model, Economic Modelling, Volume 95, Pages 145-169, https://www.sciencedirect.com/science/article/pii/…
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Pradhan, (2021), that highlight the following:
ffects of structural reforms primarily depend on how oil exports are impacted and
government revenues are recycled.
nergy price reform delivers a welfare gain of over 20% of current consumption.
ntroducing the VAT generates welfare gains of up to 4.3% of current consumption.
elfare effects of deploying renewables are sensitive to the selected financing scheme.
elfare increases ranges between 23.5% and 32.4% when the three policies are jointly
implemented.
Can you please add your perspective?
References
Jorge Blazquez, Marzio Galeotti, Baltasar Manzano, Axel Pierru, Shreekar Pradhan, (2021),
Effects of Saudi Arabiaàeconomic reforms: Insights from a DSGE model, Economic
Modelling, Volume 95, Pages 145-169,
https://www.sciencedirect.com/science/article/pii/S0264999320312657
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