The Impact of the Tax Reduction on Fuel Prices in Germany – A Synthetic Difference-in-Differences Approach

IF 7.6 1区 经济学 Q1 ECONOMICS
Lea Bernhardt, Xenia Breiderhoff, R. Dewenter
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引用次数: 1

Abstract

Abstract We analyse the impact of the temporary tax reduction on diesel and gasoline prices from June to the end of August 2022 in Germany. By implementing a synthetic difference-in-differences approach with different baskets of European countries, we find a significant reduction in prices by 33.8–34.4 cents per litre for gasoline and 12.2–14.6 cents per litre for diesel. These results are robust to variations of countries as well as different time periods analysed. Therefore, we conclude that the temporary reduction of the tax rate on gasoline and diesel was passed through to consumers by rates of 97 %–99 % for gasoline and 75 %–86 % for diesel, respectively. However, these pass-on rates do not imply a high level of competition. On the contrary, an increase in prices before the introduction of the tax cut and an increase before the end of the discount tend to indicate less intense competition.
减税对德国燃料价格的影响——一种综合的差中差方法
摘要:我们分析了2022年6月至8月底德国柴油和汽油价格临时减税的影响。通过对不同的一篮子欧洲国家实施综合的差异中差异方法,我们发现汽油价格每升下降了33.8-34.4美分,柴油价格每升下降了12.2-14.6美分。这些结果对不同国家和不同时期的分析结果都是可靠的。因此,我们得出的结论是,汽油和柴油税率的暂时降低分别通过汽油和柴油分别为97 % -99 %和75 % -86 %的税率传递给消费者。然而,这些转让率并不意味着高水平的竞争。相反,在减税前价格上涨和折扣结束前价格上涨往往表明竞争不那么激烈。
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来源期刊
CiteScore
8.50
自引率
0.00%
发文量
175
期刊介绍: The Review of Economics and Statistics is a 100-year-old general journal of applied (especially quantitative) economics. Edited at the Harvard Kennedy School, the Review has published some of the most important articles in empirical economics.
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