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Fossil fuel subsidy reforms and their impacts on firms
Stockholm University, Faculty of Social Sciences, Department of Economic History and International Relations. University of Kiel, Germany.
Number of Authors: 32017 (English)In: Energy Policy, ISSN 0301-4215, E-ISSN 1873-6777, Vol. 108, p. 617-623Article in journal (Refereed) Published
Abstract [en]

While the potential adverse effects of fossil fuel subsidy reform are well documented for households, the literature has largely ignored the effect of subsidy reform on firms' competitiveness. This paper discusses how firms are affected by, and respond to, energy price increases caused by subsidy reforms. It highlights that cost increases (both direct and indirect) do not necessarily reflect competitiveness losses, since firms have various ways to mitigate and pass on price shocks. This paper presents and discusses direct and indirect transmission channels for price shocks, and firms' response measures: absorbing cost shocks into profits, inter-fuel substitution, increasing energy and material efficiency, and passing on price increases. It argues that further micro-econometric studies using enterprise surveys are essential for quantifying the role of these mechanisms, and for designing policy measures that ensure that competitiveness losses due to subsidy reforms are minimised.

Place, publisher, year, edition, pages
2017. Vol. 108, p. 617-623
Keywords [en]
Fossil fuel subsidies, Reform, Firms, Competitiveness, Response measures
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:su:diva-169868DOI: 10.1016/j.enpol.2017.06.036ISI: 000406725800057OAI: oai:DiVA.org:su-169868DiVA, id: diva2:1335874
Available from: 2019-07-08 Created: 2019-07-08 Last updated: 2019-07-08Bibliographically approved

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