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The Effect of Environmental Stringency on End-Use Energy Prices - Evidence From High-Income Country Panels

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  • Brantley Liddle

    (Asia Pacific Applied Economics Association)

Abstract

We estimate environmental stringency’s influence on end-use energy prices for high-income countries by examining the impact of four measures of environmental stringency on residential and industrial electricity prices and road gasoline and diesel prices. While we uncover some such influence on electricity prices, the most substantial and robust evidence for environmental stringency impacting end-use prices is for the effect of total environmental tax/GDP and energy tax/GDP on diesel and gasoline prices.

Suggested Citation

  • Brantley Liddle, 2021. "The Effect of Environmental Stringency on End-Use Energy Prices - Evidence From High-Income Country Panels," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 1(1), pages 1-4.
    • Handle: RePEc:ayb:jrnerl:11
    DOI: 2021/06/16
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    References listed on IDEAS

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    1. M. Hashem Pesaran, 2006. "Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure," Econometrica, Econometric Society, vol. 74(4), pages 967-1012, July.
    2. World Bank Group, "undated". "State and Trends of Carbon Pricing 2019," World Bank Publications - Reports 31755, The World Bank Group.
    3. Hashem Pesaran, M. & Yamagata, Takashi, 2008. "Testing slope homogeneity in large panels," Journal of Econometrics, Elsevier, vol. 142(1), pages 50-93, January.
    4. Chudik, Alexander & Pesaran, M. Hashem, 2015. "Common correlated effects estimation of heterogeneous dynamic panel data models with weakly exogenous regressors," Journal of Econometrics, Elsevier, vol. 188(2), pages 393-420.
    5. M. Hashem Pesaran, 2015. "Testing Weak Cross-Sectional Dependence in Large Panels," Econometric Reviews, Taylor & Francis Journals, vol. 34(6-10), pages 1089-1117, December.
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    Cited by:

    1. Wanhai You & Yue Zhang & Chien-Chiang Lee, 2021. "Climate Risk, Economic Stability, and Tourism - A Cross-Sectionally Dependent Heterogeneous Panel Causality Analysis," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 2(2), pages 1-5.

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    More about this item

    Keywords

    end-use energy prices; cross-sectionally dependent dynamic panels; environmental stringency;
    All these keywords.

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth

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