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. Published in: EuroEconomica , Vol. 24, No. 1 (2010): pp. 98-108.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: fiscal policy, energy taxation, energy prices, energy consumption, oil and natural gas price, energy tax harmonization
• Subjects: Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q41 - Demand and Supply ; Prices; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q48 - Government Policy; H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H23 - Externalities ; Redistributive Effects ; Environmental Taxes and Subsidies; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy

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