Munich Personal RePEc Archive

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

Nicolau, Mihaela (2009): The influence of taxation on energy products price and consequences on the global economy. Forthcoming in: EuroEconomica

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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.

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