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Quantifying the impacts of energy price reform on living expenses in Saudi Arabia

As part of ‘Vision 2030’, Saudi Arabia has initiated a broad-based energy reform programme aimed at gradually reducing its dependence on oil. This paper assesses the impacts of energy price reforms on living expenses of various household groups in Saudi Arabia. For this purpose, the input-output tab...

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Main Authors: Bah, Muhammad Maladoh, Saari, M. Yusof
Format: Article
Published: Elsevier 2020
Online Access:http://psasir.upm.edu.my/id/eprint/87380/
https://linkinghub.elsevier.com/retrieve/pii/S0301421520301099
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spelling my.upm.eprints.873802024-05-27T07:47:57Z http://psasir.upm.edu.my/id/eprint/87380/ Quantifying the impacts of energy price reform on living expenses in Saudi Arabia Bah, Muhammad Maladoh Saari, M. Yusof As part of ‘Vision 2030’, Saudi Arabia has initiated a broad-based energy reform programme aimed at gradually reducing its dependence on oil. This paper assesses the impacts of energy price reforms on living expenses of various household groups in Saudi Arabia. For this purpose, the input-output table combined with household expenditure data are used to model the impacts. Results show that the distributional impacts of energy price reforms are regressive, with low-income households experiencing a higher increase in living expenses compared to high-income households. The impacts are primarily instigated by rising prices of energy-intensive products. After decomposing the impacts into direct and indirect effects, it was found that indirect effect is not only responsible for a considerable rise in household expenditure on energy-intensive products, but it is also distributionally regressive. It is therefore vital for policymakers to review and fine-tune the social protection system to protect poor households against reforms. Elsevier 2020 Article PeerReviewed Bah, Muhammad Maladoh and Saari, M. Yusof (2020) Quantifying the impacts of energy price reform on living expenses in Saudi Arabia. Energy Policy, 139. art. no. 111352. pp. 1-13. ISSN 0301-4215 https://linkinghub.elsevier.com/retrieve/pii/S0301421520301099 10.1016/j.enpol.2020.111352
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
description As part of ‘Vision 2030’, Saudi Arabia has initiated a broad-based energy reform programme aimed at gradually reducing its dependence on oil. This paper assesses the impacts of energy price reforms on living expenses of various household groups in Saudi Arabia. For this purpose, the input-output table combined with household expenditure data are used to model the impacts. Results show that the distributional impacts of energy price reforms are regressive, with low-income households experiencing a higher increase in living expenses compared to high-income households. The impacts are primarily instigated by rising prices of energy-intensive products. After decomposing the impacts into direct and indirect effects, it was found that indirect effect is not only responsible for a considerable rise in household expenditure on energy-intensive products, but it is also distributionally regressive. It is therefore vital for policymakers to review and fine-tune the social protection system to protect poor households against reforms.
format Article
author Bah, Muhammad Maladoh
Saari, M. Yusof
spellingShingle Bah, Muhammad Maladoh
Saari, M. Yusof
Quantifying the impacts of energy price reform on living expenses in Saudi Arabia
author_facet Bah, Muhammad Maladoh
Saari, M. Yusof
author_sort Bah, Muhammad Maladoh
title Quantifying the impacts of energy price reform on living expenses in Saudi Arabia
title_short Quantifying the impacts of energy price reform on living expenses in Saudi Arabia
title_full Quantifying the impacts of energy price reform on living expenses in Saudi Arabia
title_fullStr Quantifying the impacts of energy price reform on living expenses in Saudi Arabia
title_full_unstemmed Quantifying the impacts of energy price reform on living expenses in Saudi Arabia
title_sort quantifying the impacts of energy price reform on living expenses in saudi arabia
publisher Elsevier
publishDate 2020
url http://psasir.upm.edu.my/id/eprint/87380/
https://linkinghub.elsevier.com/retrieve/pii/S0301421520301099
_version_ 1800721419656495104
score 13.211869

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