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Iran; The Chronicles of the Subsidy Reform

Author

Listed:
  • Dominique M. Guillaume
  • Roman Zytek
  • Mohammad Reza Farzin

Abstract

On December 18, 2010, Iran increased domestic energy and agricultural prices by up to 20 times, making it the first major oil-exporting country to reduce substantially implicit energy subsidies. This paper reviews the economic and technical issues involved in the planning and early implementation of the reform, including the transfers to households and the public relations campaign that were critical to the success of the reform. It also looks at the reform from a chronological standpoint, in particular in the final phases of the preparation. The paper concludes by an overview of the main challenges for the second phase of the reform.

Suggested Citation

  • Dominique M. Guillaume & Roman Zytek & Mohammad Reza Farzin, 2011. "Iran; The Chronicles of the Subsidy Reform," IMF Working Papers 11/167, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:11/167
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    Cited by:

    1. Breton, Michèle & Mirzapour, Hossein, 2016. "Welfare implication of reforming energy consumption subsidies," Energy Policy, Elsevier, vol. 98(C), pages 232-240.
    2. Ali Enami & Nora Lustig, 2018. "Inflation and the Erosion of the Poverty Reduction Impact of Iran's Universal Cash Transfer," Commitment to Equity (CEQ) Working Paper Series 68, Tulane University, Department of Economics.
    3. Nathan S. Balke, Michael Plante, and Mine Yücel, 2015. "Fuel Subsidies, the Oil Market and the World Economy," The Energy Journal, International Association for Energy Economics, vol. 0(Adelman S).
    4. Arze del Granado, Francisco Javier & Coady, David & Gillingham, Robert, 2012. "The Unequal Benefits of Fuel Subsidies: A Review of Evidence for Developing Countries," World Development, Elsevier, vol. 40(11), pages 2234-2248.
    5. repec:eee:eneeco:v:71:y:2018:i:c:p:171-185 is not listed on IDEAS
    6. Alizadeh, Reza & Lund, Peter D. & Beynaghi, Ali & Abolghasemi, Mahdi & Maknoon, Reza, 2016. "An integrated scenario-based robust planning approach for foresight and strategic management with application to energy industry," Technological Forecasting and Social Change, Elsevier, vol. 104(C), pages 162-171.
    7. World Bank, 2013. "The Arab Republic of Egypt : For Better or For Worse, Air Pollution in Greater Cairo," World Bank Other Operational Studies 16086, The World Bank.
    8. repec:mbr:jmonec:v:10:y:2015:i:2:p:23-47 is not listed on IDEAS
    9. Moshiri, Saeed, 2015. "The effects of the energy price reform on households consumption in Iran," Energy Policy, Elsevier, vol. 79(C), pages 177-188.

    More about this item

    Keywords

    Energy; Iran; Islamic Republic of; subsidy; oil dividend; prices; subsidies; payments; credit; Socialist Institutions and Their Transitions: General; Energy: General;

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