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- W2104390183 abstract "Abstract We briefly consider the impact of fossil fuel subsidy removal policies in the context of inadequate power supply, with a focus on the implications for businesses. In doing so, we utilize the case of the early 2012 fuel subsidy removal in Nigeria. The rationale for such subsidy-removal policies is typically informed by analysis showing that they lead to an economically inefficient allocation of resources and market distortions, while often failing to meet intended objectives. However, often the realities of infrastructural and institutional deficiencies are not appropriately factored into the decision-making process. Businesses in many developing countries, already impaired by the high cost of power supply deficiencies, become even less competitive on an unsubsidized basis. We find that justifications for removal often do not adequately reflect the specific environments of developing country economies, resulting in poor recommendations – or ineffective policy." @default.
- W2104390183 created "2016-06-24" @default.
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- W2104390183 date "2012-06-01" @default.
- W2104390183 modified "2023-09-27" @default.
- W2104390183 title "Fossil fuel subsidy removal and inadequate public power supply: Implications for businesses" @default.
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- W2104390183 doi "https://doi.org/10.1016/j.enpol.2012.02.057" @default.
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