Fuel Excise Taxes And Consumer Gasoline Demand
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Fuel Excise Taxes And Consumer Gasoline Demand
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Author :
language : en
Publisher:
Release Date : 2007
Fuel Excise Taxes And Consumer Gasoline Demand written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Interest in using gasoline taxes as a gasoline consumption reduction policy has increased. This study asks three questions to help determine how consumer gasoline consumption responds to gas tax increases. First, do consumers curtail consumption in response to a tax? Second, do consumers respond differently to price adjustments in the cost of gasoline due to taxes than they do to price adjustments due to market forces? Lastly, do consumers respond to gas tax increases differently depending upon how they are implemented? In response to these questions this study concludes that: (1) consumers do curtail consumption in response to gas tax increases, (2) do not respond to price increases due to taxes and market forces differently, and (3) do curtail consumption more in response to larger rate increases than smaller ones.
Fuel Taxes And The Poor
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Author : Thomas Sterner
language : en
Publisher: Routledge
Release Date : 2012-03-29
Fuel Taxes And The Poor written by Thomas Sterner and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-29 with Law categories.
Fuel Taxes and the Poor challenges the conventional wisdom that gasoline taxation, an important and much-debated instrument of climate policy, has a disproportionately detrimental effect on poor people. Increased fuel taxes carry the potential to mitigate carbon emissions, reduce congestion, and improve local urban environment. As such, higher gasoline taxes could prove to be a fundamental part of any climate action plan. However, they have been resisted by powerful lobbies that have persuaded people that increased fuel taxation would be regressive. Reporting on examples of over two dozen countries, this book sets out to empirically investigate this claim. The authors conclude that while there may be some slight regressivity in some high-income countries, as a general rule, fuel taxation is a progressive policy particularly in low income countries. Rich countries can correct for regressivity by cutting back on other taxes that adversely affect poor people, or by spending more money on services for the poor. Meanwhile, in low-income countries, poor people spend a very small share of their money on fuel for transport. Some costs from fuel taxes may be passed on to poor people through more expensive public transportation and food transport. Nevertheless, in general the authors find that gasoline taxes become more progressive as the income of the country in question decreases. This book provides strong arguments for the proponents of environmental taxation. It has immediate policy implications at the intersection of multiple subject areas, including transportation, environmental regulation, development studies, and climate change. Published with Environment for Development initiative.
The United Kingdom S Policy On Gasoline Taxes
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Author : Dennis Krings-Ernst
language : en
Publisher: GRIN Verlag
Release Date : 2004-03-10
The United Kingdom S Policy On Gasoline Taxes written by Dennis Krings-Ernst and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-03-10 with Business & Economics categories.
Scientific Study from the year 2001 in the subject Economics - Case Scenarios, grade: A, Maastricht University (FdewB), 6 entries in the bibliography, language: English, abstract: Consumers in Europe generally complain about high excise taxes on gasoline usage. In the United Kingdom, the latest Notice of Parliament concerning the excise tax on gasoline is Notice 76 from 1996, which replaced the older version from December 1976 (HM Customs & Excise, 2001). It states that taxes on all products, used to fuel road vehicles are imposed for two main reasons. Firstly, the government wants to reduce car usage and the usage of the scarce resource oil. Secondly, this tax is supposed to pay for the funding of public roads all over the United Kingdom. The government has, over the last years, regularly increased this particular tax. In October 2001, it made up for over 75 % of the end user price for gasoline (International Energy Agency, 2001, p.3). The question that arises is: Have the government’s goals been achieved and what are the effects of the tax on the Supply and Demand for gasoline? In order to answer this question, the first part of the paper elaborates on the economic effects on Supply and Demand for gasoline, using a Supply and Demand model and dealing with a particular increase in tax. The following paragraphs deal with the government’s goals and how they correspond to the reality. In the conclusion, an evaluation of the government’s policy takes place.
Efficiency And Equity Of A Gasoline Tax Increase
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Author : Mark French
language : en
Publisher:
Release Date : 1988
Efficiency And Equity Of A Gasoline Tax Increase written by Mark French and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Gasoline categories.
Overreaction To Excise Taxes
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Author : Stefano F Verde
language : en
Publisher:
Release Date : 2015
Overreaction To Excise Taxes written by Stefano F Verde and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Gasoline categories.
In this paper we contribute new results on the different consumers' reaction to tax or price changes. we separately compute the compensated gasoline retail price elasticity and the gasoline tax elasticity and show that consumers overreact to taxes as compared to price variations. a novel element in our analysis is that we compare reactions to tax-inclusive retail prices to reactions to information on excise taxes that is made available to consumers. we estimate a complete system of demand for the U.S. population of households using quarterly data from the consumer expenditure survey from 2007 to 2009. relying on a complete system of demands rather than on single equations avoids imposing an implausible separability restriction, thus allowing estimation of accurate elasticities that take behavioral responses into account, i.e. that account for the way in which consumers reallocate their expenditure on a bundle of goods after a price/tax change in one of the goods. our analysis shows that the reaction to a gasoline tax change is, on average, about 20% stronger than the reaction to a corresponding price change. we discuss the implications of our findings for the design of energy policies.
The Endogeneity Of Oecd Gasoline Taxes
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Author : Brant Liddle
language : en
Publisher:
Release Date : 2015
The Endogeneity Of Oecd Gasoline Taxes written by Brant Liddle and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
Despite the current interest in using fuel taxes as an instrument for climate policy, there has been little study of current automotive fuel tax regimes. We expand on two earlier cross-sectional studies on why fuel taxes differ across countries by using OECD panel data and employing heterogeneous panel cointegration and long-run panel Granger-causality techniques. We confirm some of those earlier studies' conclusions. Further, we find that governments that rely on consumption-based taxes for revenues will have higher gasoline tax rates (than governments that rely on income and wealth/property-based taxes). But more significantly, we determine that higher gasoline demand among consumers “causes” democratic governments to set lower gasoline taxes -- a finding with important implications for today's climate/energy policy debate.
Taxing Energy
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Author : International Energy Agency. Economic Analysis Division
language : en
Publisher:
Release Date : 1993
Taxing Energy written by International Energy Agency. Economic Analysis Division and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
Study describing energy tax regimes of selected OECD countries to discover why and how energy is taxed. Country case studies include Australia, Denmark, Germany, Japan, USA. It highlights issues faced by governments considering new energy taxes as a way to affect energy consumption and energy-related pollution.
Fuel Tax Incidence And Supply Conditions
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Author : Justin Marion
language : en
Publisher:
Release Date : 2011
Fuel Tax Incidence And Supply Conditions written by Justin Marion and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Motor fuels categories.
Abstract: The incidence of taxes on consumers and producers plays a central role in evaluating energy tax policy, yet the literature testing the main predictions of the tax incidence model is sparse. In this paper, we examine the pass-through rate of state gasoline and diesel taxes to retail prices, and importantly we estimate the dependence of pass-through on factors constraining the gasoline and diesel supply chains. We consider several factors that alter the elasticity of supply, including within state heterogeneity in gasoline content requirements, refinery capacity utilization, inventory constraints, and variation in the demand for untaxed uses of diesel. In general, we find that in periods of time when the supply chain is constrained, and the constraint is plausibly unrelated to shifts in demand, the pass-through rate of fuel taxes declines. We describe several potential implications for tax policy, including tax breaks during peak driving season and during times of supply disruptions such as after major hurricanes
The Distributional Implications Of The Impact Of Fuel Price Increases On Inflation
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Author : Mr. Kangni R Kpodar
language : en
Publisher: International Monetary Fund
Release Date : 2021-11-12
The Distributional Implications Of The Impact Of Fuel Price Increases On Inflation written by Mr. Kangni R Kpodar and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-12 with Business & Economics categories.
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Taxation Of Petroleum Products
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Author : Mrs.Poonam Gupta
language : en
Publisher: International Monetary Fund
Release Date : 1994-03-01
Taxation Of Petroleum Products written by Mrs.Poonam Gupta and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-03-01 with Business & Economics categories.
The domestic taxation of petroleum products is an important source of revenue in most countries. However, there is a wide variation of tax rates on petroleum products across countries, which cannot be explained by economic theory alone. This paper surveys different considerations advanced for taxing petroleum and presents petroleum tax rate data in 120 countries. It concludes that a significant reduction in the present extremely wide variation in petroleum prices and tax rates appears warranted.