Energy-tax changes and competitiveness: The role of adaptive capacity

Détails

ID Serval
serval:BIB_D86F7804DD1A
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
Energy-tax changes and competitiveness: The role of adaptive capacity
Périodique
Energy Economics
Auteur(s)
Gonseth C., Cadot O., Mathys N. A., Thalmann P.
ISSN
0140-9883
Statut éditorial
Publié
Date de publication
03/2015
Peer-reviewed
Oui
Volume
48
Pages
127-135
Langue
anglais
Résumé
This paper estimates the effect of energy tax (and price) changes on Total Factor Productivity (TFP) and net trade at the industry level, using a panel of industries from European countries covering the period 1990-2003. We investigate the hypothesis that industries with high adaptive capacity (measured by their relative level of labour compensation) are able to mitigate the adverse effects of energy tax rises better than others. We identify the pro-adaptation effect by interacting wage levels (a proxy for human capital) with energy taxes. We find that the negative marginal effect of higher energy taxes on TFP and net trade is significantly reduced for industries with stronger human capital and even turns to an overall positive effect in at least two cases. Up to three low-wage sectors display an overall negative effect. This suggests that human capital is key to adaptation to higher energy costs and climate policy, in some cases making it a win-win.
Mots-clé
Energy taxes, Energy prices, Total factor productivity, Net trade, Porter hypothesis
Web of science
Création de la notice
17/01/2017 12:27
Dernière modification de la notice
21/08/2019 5:16
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