Empirical Assessment of an Energy Tax Proposal for Austria
This paper analyses the potential economic effects of an energy tax in Austria. The macro-economic effects of such a tax as measured in economic growth and employment, the rate of inflation, the budget deficit, and in the current account will be explained. Apart from the macroeconomic effects, the sectoral impact on different industries will be examined. Indeed, structural consequences are to be expected from such a policy as energy-intensive activities will be subject to higher taxation than activities consuming less energy (other things being equal). Since this objective of inducing environmentally responsible behaviour may conflict with other economic policy goals (for example, employment and industrial goals) it is important to assess the macro-economic and sectoral consequences of this envisaged measure”.
KeywordsReal Wage Baseline Scenario Employment Effect Sectoral Effect Central Scenario
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