On the effect of high energy prices on investment

Jacobs, Jan; Kuper, Gerard H.; Soest, Daan van

doi:10.1080/00036840701537794

Cited by 8 publications

(7 citation statements)

References 16 publications

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“…Fifthly, in accordance to the particular conditions of the introduction of green energy technologies in Switzerland (as in many other countries), also elements of the literature on induced innovation and technology diffusion (see, e.g., Binswanger 1974) are taken into consideration. The diffusion of green energy technologies can be positively influenced (a) through increases of energy prices and/or taxes (see, e.g., Linn 2008; Jacobs, Kuper, and Van Soest 2009) and (b) through public regulation and/or public incentives (subsidies), and/or “voluntary agreements” to use green energy technologies (see, e.g., Croci 2005; Popp, Newell, and Jaffe 2009). We consider a vector IA i ( t ) of variables that capture the influence of such factors (inducement effects).…”

Section: Econometric Frameworkmentioning

confidence: 99%

The adoption of green energy technologies: The role of policies in Austria, Germany, and Switzerland

Woerter

Stucki

Arvanitis

et al. 2017

International Journal of Green Energy

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We contribute to the existing research about policy-induced technology adoption in several ways. First, we suggest a new survey design to measure the energy-related policy environment. Second, we simultaneously estimate the policy effects for the adoption propensity and the adoption intensity simultaneously and, third, we compare the policy effects in the three countries, Austria, Germany, and Switzerland. Based on a representative sample of firms for all three countries we find that policies essentially promote the adoption of technologies and they are practically ineffective for the intensity, which poses a great challenge to future policy designs. Voluntary agreements or demand-related factors are among the most important drivers for the adoption propensity of green energy technologies. Given the current institutional framework in the surveyed countries, subsidies are more effective in Austria, taxes are more effective in Germany, and demand-related factors are relatively more effective in Switzerland.

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Section: Econometric Frameworkmentioning

confidence: 99%

The adoption of green energy technologies: The role of policies in Austria, Germany, and Switzerland

Woerter

Stucki

Arvanitis

et al. 2017

International Journal of Green Energy

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“…The author here showed that volatility in oil prices lead to increased inflation and unemployment thus lead to depression of financial assets and economic growth. In a study done by Jacobs, Kuper & van Soest (2009), it was showed that rise in prices of oil causes inflation in taxes. This forces consumers to search for some other sources of energy apart from crude oil which increases uncertainties and risks.…”

Section: Literature Reviewmentioning

confidence: 99%

Analysis of Financial Risk Exposure in Malaysia

Petermann¹,

Nizam²,

Miras³

2015

IJABM)

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“…increases in energy prices and/or taxes (see, e.g. Linn 2008 andJacobs et al 2009) and (b) through public regulation and/or public incentives for the use of green energy technologies (see, e.g. Popp et al 2010).…”

Section: According To This Literature the Adoption Of A New Technolomentioning

confidence: 99%

Intra-firm diffusion of green energy technologies and the choice of policy instruments

Stucki

Woerter

2016

Journal of Cleaner Production

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractEnvironmental benefits only unfold if green (environmentally friendly) technologies are widely diffused and intensively deployed within a firm. We investigate how different types of policiesdirectly and in combination -affect the number of different green energy technologies adopted by a single firm (intra-firm diffusion). Using data from a dedicated survey on the diffusion of green energy technologies of 1200 Swiss firms and applying well-identified econometric models, we found that energy taxes are a very effective policy instrument for the intra-firm diffusion of green energy technologies. Even more important, however, are non-political measures that show the largest effect among all tested instruments. Additional analyses show that (a) time-consistency in policy making is more important for energy tax regimes than for regulations and (b) no evidence for complementarities between the policy types could be identified.

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On the effect of high energy prices on investment

Cited by 8 publications

References 16 publications

The adoption of green energy technologies: The role of policies in Austria, Germany, and Switzerland

The adoption of green energy technologies: The role of policies in Austria, Germany, and Switzerland

Analysis of Financial Risk Exposure in Malaysia

Intra-firm diffusion of green energy technologies and the choice of policy instruments

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