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Tax Policy and CO2 Emissions – An Econometric Analysis of the German Automobile Market

Vance , Colin and Mehlin, Markus (2009) Tax Policy and CO2 Emissions – An Econometric Analysis of the German Automobile Market. Other, Ruhr Economic Papers.

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Official URL: http://ideas.repec.org/p/rwi/repape/0089.html

Abstract

In addition to efficiency standards and consumer information, car-related taxes constitute one of three pillars of the European Commission’s strategy to reduce CO2 emissions from passenger cars.A longstanding question concerns the effectiveness of such taxes in determining the car-purchasing behavior of households. Several recent studies suggest that purchases are primarily determined by retail costs rather than by taxes, the latter of which are typically incurred over the lifetime of the car. Using panel data on new-car registrations in Germany, Europe’s largest car market, the present paper addresses this issue with an econometric analysis of the impact of fuel costs and circulation taxes on car market shares. By employing a nested logit model that explicitly recognizes the segmented structure of the car market, the analysis takes account of correlation in unobserved shocks among cars belonging to the same market segment. Moreover, given the panel structure of the data, a fixed effects estimator is employed to control for the influence of unobservable, timeinvariant automobile attributes that could otherwise induce biases in the estimated coefficients. Contrasting with much of the evidence garnered to date, the results suggest that circulation taxes and fuel costs significantly determine car market shares, and hence may serve as effective instruments in influencing the composition of the car fleet and associated CO2 emissions.

Item URL in elib:https://elib.dlr.de/68009/
Document Type:Thesis (Other)
Title:Tax Policy and CO2 Emissions – An Econometric Analysis of the German Automobile Market
Authors:
AuthorsInstitution or Email of AuthorsAuthors ORCID iD
Vance , ColinRheinisch-Westfälisches Institut für Wirtschaftsforschung EssenUNSPECIFIED
Mehlin, Markusmarkus.mehlin (at) dlr.deUNSPECIFIED
Date:February 2009
Journal or Publication Title:Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen in its series Ruhr Economic Papers
Refereed publication:Yes
Open Access:No
Gold Open Access:No
In SCOPUS:No
In ISI Web of Science:No
Volume:89
Number of Pages:21
Editors:
EditorsEmail
UNSPECIFIEDRheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen
Publisher:Ruhr Economic
ISSN:1864-4872 (online)
ISBN:978-3-86788-100-5
Status:Published
Keywords:Tax Policy and CO2 Emissions
Institution:Ruhr Economic Papers
HGF - Research field:Aeronautics, Space and Transport (old)
HGF - Program:Transport
HGF - Program Themes:V VR - Verkehrsforschung (old)
DLR - Research area:Transport
DLR - Program:V VR - Verkehrsforschung
DLR - Research theme (Project):V - no assignment
Location: Berlin-Adlershof
Institutes and Institutions:Institute of Transport Research
Deposited By: George, Michaela
Deposited On:05 Jan 2011 15:26
Last Modified:05 Jan 2011 15:26

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