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The influence of taxation on energy products price and consequences on the global economy

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  • Nicolau, Mihaela

Abstract

The dynamic of energy prices influences the entire economic activity, both at macro and micro level. Unlike other economic goods price determination, based specially on offer-demand relationship, the energy price determination is strongly influenced by the taxation policy and political factor, mostly in the case of oil and gas prices. The aim of the paper is to present, using a descriptive approach, the level and the influence of fiscal policy on energy prices, the energy tax harmonization attempt and the consequences at macro and micro economy of the tax weight in the energy final price.

Suggested Citation

  • Nicolau, Mihaela, 2009. "The influence of taxation on energy products price and consequences on the global economy," MPRA Paper 22210, University Library of Munich, Germany, revised 10 Dec 2009.
    • Handle: RePEc:pra:mprapa:22210
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    References listed on IDEAS

    as
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    3. Goulder Lawrence H., 1995. "Effects of Carbon Taxes in an Economy with Prior Tax Distortions: An Intertemporal General Equilibrium Analysis," Journal of Environmental Economics and Management, Elsevier, vol. 29(3), pages 271-297, November.
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    5. Rasche, Robert H. & Tatom, John A., 1981. "Energy price shocks, aggregate supply and monetary policy: The theory and the international evidence," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 14(1), pages 9-93, January.
    6. Ghalwash, Tarek, 2007. "Energy taxes as a signaling device: An empirical analysis of consumer preferences," Energy Policy, Elsevier, vol. 35(1), pages 29-38, January.
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    More about this item

    Keywords

    fiscal policy; energy taxation; energy prices; energy consumption; oil and natural gas price; energy tax harmonization;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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