publication . Article . Other literature type . 2017

The Fiscal and Macroeconomic Impacts of Reforming Energy Subsidy Policy in Malaysia

Yusoff, Nora Yusma Bte Mohamed; Bekhet, Hussain Ali;
Open Access English
  • Published: 03 Apr 2017
Abstract
The rationalization of a gradual subsidies reforms plan has been set out by the Malaysian government to achieve the high-income nation target. This paper attempts to analyze the impacts of energy subsidy reform policy on fiscal deficit and macroeconomics variables in Malaysia. The Computable General Equilibrium (CGE) Model is employed. Three simulations based on different groups of scenarios have been developed. Importantly, the overall results indicate that removal of fuel subsidy has significantly improved the real GDP and reduced the government fiscal deficit. On the other hand, the removal of the fuel subsidy has increased most of the local commodity prices,...
Subjects
free text keywords: CGE, deficit, energy, reform, subsidy.
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Article . 2017
Provider: ZENODO
Zenodo
Other literature type . 2017
Provider: Datacite
Zenodo
Other literature type . 2017
Provider: Datacite
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publication . Article . Other literature type . 2017

The Fiscal and Macroeconomic Impacts of Reforming Energy Subsidy Policy in Malaysia

Yusoff, Nora Yusma Bte Mohamed; Bekhet, Hussain Ali;