Employment impacts of achieving automobile efficiency standards in the United States

Dacy, Douglas C.; Kuenne, Robert E.; McCoy, Paul

doi:10.1080/00036848000000032

Cited by 6 publications

(1 citation statement)

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“…A final strand of literature, which is more closely aligned with the focus of this paper, considers the macroeconomic impacts of CAFE. Early studies, conducted before the development of the 2017 to 2025 standards, found primarily net positive economy-wide effects of federal fuel economy standards on output, income, and employment (Dacy et al, 1980;Teotia et al, 1999). Bezdek and Wendling (2005) provide an extensive review of the early literature as well as their own modeling contribution.…”

Section: Previous Literature On the Economic Effects Of Federal Standmentioning

confidence: 99%

The Macroeconomic Effects of 2017 Through 2025 Federal Fuel Economy and Greenhouse Gas Emissions Standards

Carley

Zirogiannis

Duncan

et al. 2019

J Policy Anal Manage

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In the absence of a national carbon price, the federal Corporate Average Fuel Economy standards and the related greenhouse gas emissions (GHG) standards are the primary mechanisms through which the U.S. reduces transportation GHG emissions. In 2012, these standards were set to rise for light‐duty vehicles between 2017 and 2025, eventually achieving a target of 54.5 miles per gallon in 2025. Since 2012, conditions have changed: forecasts of future gasoline prices have dropped dramatically, consumers have demanded larger vehicles, and the cost of compliance appears to be larger than previously thought. In this article, we analyze the possible macroeconomic effects of the standards with both 2012 inputs and updated inputs to reflect these new market developments. The results reveal that the short‐term effects of the federal standards will be negative, but the long‐term effects will be positive, using both 2012 and updated inputs. The transition from annual negative employment impacts to positive impacts occurs between 2023 and 2026, depending on which set of assumptions are used. Possible revisions to the standards that freeze them at 2020 levels or decrease their stringency reduce short‐term negative impacts but also reduce long‐term positive impacts. We conclude with a discussion of policy implications as they relate to the current energy and climate policy conditions.

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Section: Previous Literature On the Economic Effects Of Federal Standmentioning

confidence: 99%

The Macroeconomic Effects of 2017 Through 2025 Federal Fuel Economy and Greenhouse Gas Emissions Standards

Carley

Zirogiannis

Duncan

et al. 2019

J Policy Anal Manage

View full text Add to dashboard Cite

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Development of product-specific output projections using an input-output model

Anderson

1983

Empirical Economics

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The purpose of this paper is to propose an extension of the conventional input-output forecasting technique to allow projection of gross output of product-specific sectors. A single seetor of particular interest in the United States national table is disaggregated into a number of smaller, product-specific sectors. These sectors, along with several other sectors engaged in significant trade with the product-specific sectors, form a compact input-output model. The model is employed in a conventional manner to project gross output of the modeled sectors.

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