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http://ssrn.com/abstract=644724
 
 

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Microsimulating the Effects of Household Energy Price Changes in Spain


Miguel Rodríguez Méndez


University of Vigo - Dept. Applied Economics

Xavier Labandeira


University of Vigo - Faculty of Economics and Business

J. Maria Labeaga Azcona


Universidad Nacional de Educacion a Distancia (UNED) - Faculty of Economics

December 2004

FEEM Working Paper No. 161.04

Abstract:     
In this paper we present a microsimulation model to calculate the effects of hypothetical ex-ante price changes in the Spanish energy domain. The model rests on our prior estimation of a demand system which is especially designed for simultaneous analysis of different energy goods and uses household data from 1973 to 1995. Our objective is to obtain indepth information on the behavioural responses by different types of households, which will allow us to determine the welfare effects of such price changes, their distribution across society and the environmental consequences within the residential sector. Although the model used is able to reproduce any type of price change, we illustrate the paper with an actual simulation of the effects of energy taxes that resemble a 50 Euro tax on CO2 (carbon dioxide) emissions. The results show a significant response by households, sizeable emission reductions, tax revenues, welfare changes and distributional effects. The simulated policy can thus be considered a feasible option to tackle some of the current and severe inefficiencies in Spanish energy and environmental domains.

Number of Pages in PDF File: 39

Keywords: Energy, Taxation, Demand, Spain

JEL Classification: C33, H23, H31

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Date posted: February 2, 2005  

Suggested Citation

Rodríguez Méndez, Miguel and Labandeira, Xavier and Labeaga Azcona, J. Maria, Microsimulating the Effects of Household Energy Price Changes in Spain (December 2004). FEEM Working Paper No. 161.04. Available at SSRN: http://ssrn.com/abstract=644724 or http://dx.doi.org/10.2139/ssrn.644724

Contact Information

Miguel Rodríguez Méndez (Contact Author)
University of Vigo - Dept. Applied Economics ( email )
Facultade Empresariais e Turismo
Ourense, Ourense E-32004
Spain
+34 9 88368760 (Phone)
+34 9 8681 2401 (Fax)
HOME PAGE: http://webs.uvigo.es/miguel.r/
Xavier Labandeira
University of Vigo - Faculty of Economics and Business ( email )
As Lagoas Marcosende s/n
Vigo, Galiza E36310
Spain
José Maria Labeaga Azcona
Universidad Nacional de Educacion a Distancia (UNED) - Faculty of Economics ( email )
Calle Senda del Rey, 11
28040 Madrid
Spain
+34 91 398 7811 (Phone)
+34 91 398 6339 (Fax)
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