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World fossil fuel subsidies and global carbon emissions in a model with interfuel substitution (Английский)

The author presents a simple empirical framework for estimating the level of world fossil fuel subsidies and analyzing their implications for carbon dioxide emissions. The author extends Larsen and Shah (1992) by applying a simple model with interfuel substitution, using a more detailed sectoral data set that includes energy prices and consumption for an expanded sample of countries. The author concludes that substantial fossil fuel subsidies prevail...
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