Energy taxation in Southern Europe: the case of Portugal

Leonor Modesto*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

We investigate whether or not the imposition of a common EC energy-tax will penalize more the poorer Southern European economies and if this will harm convergence at the EC level. We start by surveying briefly the existing studies and empirical evidence. Then we exploit the results obtained when using the macroeconometric HERMES models to simulate the introduction of an energy-tax. Unfortunately, as we only have HERMES results for one Southern European economy, Portugal, our conclusions are limited. Finally, we investigate convergence in Europe and the effects of energy taxation on convergence. We conclude that energy taxation will harm growth all over the EC, penalizing more one of the less developed countries, Portugal, and having most probably adverse effects on convergence.
Original languageEnglish
Pages (from-to)23-39
Number of pages17
JournalEnvironmental & Resource Economics
Volume3
Issue number1
DOIs
Publication statusPublished - Feb 1993

Keywords

  • Convergence
  • Energy taxation
  • Europe
  • Portugal

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