Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2016.12.036 |
Implications of energy subsidy reform in India | |
Acharya, Rajesh H.1; Sadath, Anver C.2 | |
2017-03-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 102 |
文章类型 | Article |
语种 | 英语 |
国家 | India |
英文摘要 | This paper analyses welfare impact of energy subsidy reform in India based on the data from 1970-71 to 2014-15. To this end, Auto Regressive Distributed Lag (ARDL) model and Error Correction Model (ECM) have been estimated to quantify the short-run and long-run price and the income elasticity of various energy products. The results show that the price elasticity of demand for all fossil fuels is low, but the respective income elasticity is higher. Therefore, an increase in the general price level caused by the subsidy reform will lead to the erosion of real income and will have related welfare implications in India. The results also reveal that energy expenditure will obviously increase and hence energy consumption will decline depending upon the extent of the withdrawal of subsidy. Therefore, policy makers in India, while undertaking further reforms, must ensure that the subsidy reaches to those who truly deserve, so that the socioeconomic casualty of reforms can be minimized along with achieving fiscal goals. |
英文关键词 | Energy subsidy Elasticity Auto Regressive Distributed Lag (ARDL) Model Error Correction Model (ECM) |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000397357200043 |
WOS关键词 | FOSSIL-FUEL SUBSIDIES ; CLIMATE POLICY ; TIME-SERIES ; UNIT-ROOT ; CHINA ; IMPACTS ; CONSUMPTION ; HOUSEHOLDS ; NIGERIA ; DEMAND |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/17915 |
专题 | 气候变化 |
作者单位 | 1.Natl Inst Technol Karnataka, Sch Management, Mangaluru, Karnataka, India; 2.Cent Univ Kerala, Dept Econ, Kasaragod, Kerala, India |
推荐引用方式 GB/T 7714 | Acharya, Rajesh H.,Sadath, Anver C.. Implications of energy subsidy reform in India[J]. ENERGY POLICY,2017,102. |
APA | Acharya, Rajesh H.,&Sadath, Anver C..(2017).Implications of energy subsidy reform in India.ENERGY POLICY,102. |
MLA | Acharya, Rajesh H.,et al."Implications of energy subsidy reform in India".ENERGY POLICY 102(2017). |
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