Uncertainty about the future is an important determinant of well-being, especially in developing countries where financial markets and other market failures result in ineffective insurance mechanisms.
Two simultaneous and interdependent issues challenge today’s development policy: poverty reduction and climate change.
In this paper, the authors provide evidence on how the provision of social infrastructure such as reliable electricity can be leveraged to increase taxation in developing countries, particularly Sub-Saharan Africa (SSA).
Gasoline and diesel fuel are heavily taxed in many developed and some emerging and developing countries.