Welfare increases ranges between 23.5% and 32.4% when the three policies are jointly implemented. Can you dd your perspective?

• Effects of structural reforms primarily depend on how oil exports are impacted and government revenues are recycled.
• Energy price reform delivers a welfare gain of over 20% of current consumption.
• Introducing the VAT generates welfare gains of up to 4.3% of current consumption.
• Welfare effects of deploying renewables are sensitive to the selected financing scheme.
• Welfare increases ranges between 23.5% and 32.4% when the three policies are jointly implemented.
Can you dd your perspective?

References
Jorge Blazquez, Marzio Galeotti, Baltasar Manzano, Axel Pierru, Shreekar Pradhan, (2021), Effects of Saudi Arabia’s economic reforms: Insights from a DSGE model, Economic Modelling, Volume 95, Pages 145-169, https://www.sciencedirect.com/science/article/pii/S0264999320312657

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