Warianty tytułu
Języki publikacji
Abstrakty
The aim of the study is to analyse the short run impact of the EU climate and energy package on the Polish economy. We employ a computable general equilibrium (CGE) model and focus on the short-run reaction of the economy to the shock, before the persistent structural changes takes place, thereby allowing for short-term policy conclusions. The results show a relatively mild response of the economy to a seemingly significant shock in the costs of production. There is a considerable negative effect on private consumption. While the reaction of the economy depends on the flexibility of the labour market and the response of the investment demand, we observe that while budget-neutral transfers to the households dampen the negative response of private consumption, lowering of labour-related taxes reduce the burden on economic activity. (original abstract)
Twórcy
autor
- National Bank of Poland; University of Warsaw
autor
- National Bank of Poland
Bibliografia
- Barker T. (2008), The macroeconomic effects of the transition to a low-carbon economy, The Climate Group, Briefing Paper, University of Cambridge and Cambridge Econometrics.
- Böhringer C., Rutherford T.F., Tol R.S.J. (2009), The EU 20/20/2020 targets: an overview of the Emf22 Assessment, ESRI Working Paper, 325, Dublin.
- Budnik K., Greszta M., Hulej M., Kolasa M., Murawski M., Rot M., Rybaczyk B., Tarnicka M. (2009), The new macroeconometric model of the Polish economy, NBP Working Papers, 62, National Bank of Poland, Warsaw.
- Bukowski M., Kowal P. (2010), Modelling the transition to a low carbon economy with a large scale DSGE model of Poland, IBS Technical Paper, 7-2010, Institute for Structural Research, Warsaw.
- Capros P., Mantzos L., Papandreou V., Tasios N. (2008), Model-based analysis of the 2008 EU policy package on climate change and renewables, Report to the European Commission, DG ENV, Brussels.
- Dannenberg A., Mennel T., Moslener U. (2007), What does Europe pay for clean energy? Review of macroeconomic simulation studies, ZEW Discussion Paper, 07-019, Mannheim.
- EC (2011), A roadmap for moving to a competitive low carbon economy in 2050, European Commission, Brussels.
- Gradzewicz M., Griffin P., Żółkiewski Z. (2006), An empirical recursive-dynamic general equilibrium model of Poland's economy. Including simulations of the labor market effects of key structural fiscal policy reforms, World Bank, National Bank of Poland, Warsaw.
- Friedlander D. (1961), A technique for estimating a contingency table, given the marginal totals and some supplementary data, Journal of the Royal Statistical Society, A, 124, 412-420.
- Goulder L. (1995), Environmental taxation and the double dividend: a Reader's Guide, International Tax And Public Finance, 2(2), 157-183.
- Hagemejer J., Jędrzejowicz T., Żółkiewski Z. (2011), Fiscal tightening after the crisis. A scenario analysis for Poland, Bank i Kredyt, 42(3), 33-66.
- Horridge M. (2000), ORANI-G: a General Equilibrium Model of the Australian economy, Centre of Policy Studies/IMPACT Centre Working Papers, op-93, Monash University.
- ILO (2009), The double dividend and environmental tax reforms in the European Union, EC-IILS Joint Discussion Paper Series, 13, International Labour Organization, International Institute for Labour Studies, Gencve.
- KĄsek L., Kiuila O., Wójtowicz K., Żylicz T. (2012), Economic effects of differentiated climate action, Working Papers, 12, University of Warsaw, Faculty of Economic Sciences.
- Łyziak T. (2009), Is inflation perceived by Polish consumers driven by prices of frequently bought goods and services?, Comparative Economic Studies, 51, 100-117.
- McDougall R.A. (1993), Short-run effects of a carbon tax, General Paper, G-100, Monash University, Centre of Policy Studies.
- Meng S., Siriwardana M., McNeill J. (2012), The environmental and economic impact of the carbon tax in Australia, Environmental and Resource Economics, September, doi: 10.1007/s10640-012- 9600-4.
- Ministry of Economy (2009), Projection of demand for fuels and energy until 2030. Appendix 2 to draft, Warsaw.
- Morley B., Abdullah S. (2010), Environmental taxes and economic growth: evidence from panel causality tests, Working Paper, University of Bath, Department of Economics, http://www.bath. ac.uk/economics/research/workingpapers.html.
- NBP (2012), Krótkookresowe skutki makroekonomiczne pakietu energetyczno-klimatycznego w gospodarce Polski (Short-run macroeconomic effects of Climate and Energy Package for the Polish economy), National Bank of Poland, Warsaw.
- Pissarides C. (2008), Assessment of macro-economic transmission mechanisms of carbon constraints through the UK economy, Report for the Committee on Climate Change, http://www.theccc.org. uk/reports/building-a-low-carbon-economy/supporting-research.
- Schöb R. (2003) The double dividend hypothesis of environmental taxes: a survey, CESifo Working Paper Series, 946, Otto-von-Guericke-University, Magdeburg and CESifo, Munich.
- Spencer T., Korppoo A., Lang K.-O., Kremer M. (2011), Linking an EU emission reduction target beyond 20% to energy security in Central and Eastern Europe, FIIA Working Paper, 69, The Finnish Institute of International Affairs, Helsinki.
- Stern N. (2006), Stern review executive summary, HM Treasury, London.
- Tol R.S.J. (2010), The costs and benefits of EU climate policy for 2020, Copenhagen Consensus Center.
- World Bank (2011), Transition to a low-emissions economy in Poland, The World Bank, Washington.
- Zagame P., Le Mouel P., Gharbi O., da Costa P., Schirman-Duclos D., Pratlong F. (2009), Macroeconomic assessment for the EU Climate Action and Renewable Energy Package, ERASME, Ecole Centrale, Paris.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171231387
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