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Increasing Motor Vehicle Fuel Efficiency through Technological Change - The Role of Fuel Taxes

Marking, Annika LU (2011) NEKM01 20111
Department of Economics
Abstract
This study examines the effects of automotive fuel taxes on technoloical innovation in the field of motor vehicle fuel efficiency. The analysis is conducted using patent data on a panel of OECD countries over the period 1978-2007. A complementary analysis is also conducted using the average level of CO2 emissions from newly registered passenger cars in EU countries over the period 2001-2007, so as to further analyze the impact of the patenting activity that has been observed. The overall results show that both fuel prices and taxes have played a significant role in encouraging patent applications. Further, the results strongly indicate that the effect of taxes is greater than the effect of end-user prices, emphasizing the potential of... (More)
This study examines the effects of automotive fuel taxes on technoloical innovation in the field of motor vehicle fuel efficiency. The analysis is conducted using patent data on a panel of OECD countries over the period 1978-2007. A complementary analysis is also conducted using the average level of CO2 emissions from newly registered passenger cars in EU countries over the period 2001-2007, so as to further analyze the impact of the patenting activity that has been observed. The overall results show that both fuel prices and taxes have played a significant role in encouraging patent applications. Further, the results strongly indicate that the effect of taxes is greater than the effect of end-user prices, emphasizing the potential of taxes to serve as credible indicators of future market conditions. A negative correlation between fuel end-user prices and average CO2 emissions is also found, yet of a less convincing significance. (Less)
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author
Marking, Annika LU
supervisor
organization
course
NEKM01 20111
year
type
H1 - Master's Degree (One Year)
subject
keywords
Environmental policy, innovation, automotive industry, fuel efficiency, fuel taxes
language
English
id
1895392
date added to LUP
2011-05-16 16:01:52
date last changed
2011-05-16 16:01:52
@misc{1895392,
  abstract     = {This study examines the effects of automotive fuel taxes on technoloical innovation in the field of motor vehicle fuel efficiency. The analysis is conducted using patent data on a panel of OECD countries over the period 1978-2007. A complementary analysis is also conducted using the average level of CO2 emissions from newly registered passenger cars in EU countries over the period 2001-2007, so as to further analyze the impact of the patenting activity that has been observed. The overall results show that both fuel prices and taxes have played a significant role in encouraging patent applications. Further, the results strongly indicate that the effect of taxes is greater than the effect of end-user prices, emphasizing the potential of taxes to serve as credible indicators of future market conditions. A negative correlation between fuel end-user prices and average CO2 emissions is also found, yet of a less convincing significance.},
  author       = {Marking, Annika},
  keyword      = {Environmental policy,innovation,automotive industry,fuel efficiency,fuel taxes},
  language     = {eng},
  note         = {Student Paper},
  title        = {Increasing Motor Vehicle Fuel Efficiency through Technological Change - The Role of Fuel Taxes},
  year         = {2011},
}