Economic Impacts of the 1997 EU Energy Tax: Simulations with Three EU-Wide Models

6263 11 58804 2 164935 document 58804 RR-00-04.pdf application/pdf 683c7935ce5a8cebec1813f74fe2f25f MD5 7759007 2016-06-01 08:42:44 https://pure.iiasa.ac.at/id/eprint/6263/1/RR-00-04.pdf 6263 1 1 application/pdf text en public cc_by

RR-00-04.pdf

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/58804 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/58804 http://eprints.org/relation/isIndexCodesVersionOf https://pure.iiasa.ac.at/id/document/58804 archive 351 disk0/00/00/62/63 2016-01-15 02:12:56 2021-08-27 17:17:23 2016-01-15 02:12:56 monograph show 2 Jansen H. Klaassen G. 1355 Economic Impacts of the 1997 EU Energy Tax: Simulations with Three EU-Wide Models pub iis_ecn iis_ene iis_env prog_ecs In March 1997 the European Commission adopted a proposal that increases existing minimum levels of taxation on mineral oils by around up 10% to 25% and introduces excises for other energy products. This paper analyses the macroeconomic impacts of the proposal. It employs three models: HERMES, GEM-E3, and E3ME. All models confirm that the proposal will have positive macroeconomic impacts when the tax revenues are used to reduce social security contributions paid by employers. For the EU as a whole, both GDP and employment are expected to be higher, and CO2 emissions are 0.9% to 1.6% lower. The positive EU-wide effects can be observed in practically all member states. The sector impacts are modest, with the energy sector expected to face the most negative impacts. Differences between model results are due to the model type (general equilibrium or macro-econometric), the EU countries covered, and the way tax exemptions were handled. Crucial assumptions to obtain the "double dividend" are the modeling of the labor market and the impacts on EU external trade. The sensitivity of the results for the use of tax revenues, tax exemptions and tax rate increases is assessed. 2000 published RR-00-004. Reprinted from Environmental and Resource Economics, 15:179-197 [2000]. RP-00-004 Reprinted from Environmental and Resource Economics; 15:179-197 [2000] 10 1376 public research_reprint Environmental and Resource Economics 15 IIASA, Laxenburg, Austria 179-197 22 TRUE FALSE info:eu-repo/semantics/book