Arbeitspapier
Fuel Taxes versus Efficiency Standards – An Instrumental Variable Approach
Using household travel diary data collected in Germany between 1997 and 2012, we employ an instrumental variable (IV) approach to estimate fuel price and efficiency elasticities. The aim is to gauge the relative impacts of fuel economy standards and fuel taxes on distance traveled. We fi nd that the magnitudes of the elasticity estimates are statistically indistinguishable: higher fuel prices reduce driving by the same degree as higher fuel efficiency increases driving. This finding indicates an off setting effect of fuel efficiency standards on the effectiveness of fuel taxation, calling into question the efficacy of the European Commission's current efforts to legislate CO2 emissions limits for new cars given prevailing high fuel taxes.
- ISBN
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978-3-86788-502-7
- Language
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Englisch
- Bibliographic citation
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Series: Ruhr Economic Papers ; No. 445
- Classification
-
Wirtschaft
Household Production and Intrahousehold Allocation
Energy: Demand and Supply; Prices
- Subject
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automobile travel
panel estimation models
rebound effect
- Event
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Geistige Schöpfung
- (who)
-
Frondel, Manuel
Vance, Colin
- Event
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Veröffentlichung
- (who)
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Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
- (where)
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Essen
- (when)
-
2013
- DOI
-
doi:10.4419/86788502
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Frondel, Manuel
- Vance, Colin
- Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
Time of origin
- 2013
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