Climate Policy and Corporate Behaviour
AbstractIn this paper, we study the impact of energy taxes and the EU ETS on a large number of firms in Europe between 1996 and 2007. Using company level micro-data, we examine how firms in different sectors were affected by environmental policies. Aspects of behaviour and performance studied include total factor productivity, employment levels, investment behaviour and profitability. On the whole, energy taxes increased total factor productivity and returns to capital but decreased employment, with a mixed effect on investment, for the sectors included in our analysis. However, large sectoral variation is observed, with some industries losing out in terms of productivity and profitability when faced with increased energy taxes, while others benefitted.
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Bibliographic InfoPaper provided by Economic and Social Research Institute (ESRI) in its series Papers with number WP329.
Date of creation: Nov 2009
Date of revision:
Climate policy/employment/energy taxes/europe/firm performance/investment/Policy/Productivity;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-11-21 (All new papers)
- NEP-ENE-2009-11-21 (Energy Economics)
- NEP-ENV-2009-11-21 (Environmental Economics)
You can help add them by filling out this form.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:CitEc Project, subscribe to its RSS feed for this item.
- Hottenrott, Hanna & Rexhäuser, Sascha & Veugelers, Reinhilde, 2012.
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- Jüri Kleesmaa & Marko Viiding & Eduard Latõšov, 2011. "Implications for competitiveness of the Estonian carbonintensive industry post-2013," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 11(2), pages 41-58, December.
- Lundgren, Tommy & Marklund, Per-Olov & Samakovlis, Eva & Zhou, Wenchao, 2013. "Carbon Prices and Incentives for Technological Development," CERE Working Papers 2013:4, CERE - the Center for Environmental and Resource Economics.
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