| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP9629
|
| DP9629 Scrapping Subsidies during the Financial Crisis - Evidence from the Europe |
| Frank Verboven; Nina Leheyda
|
| 发表日期 | 2013-09-08
|
| 出版年 | 2013
|
| 语种 | 英语
|
| 摘要 | We study the effects of the car scrapping subsidies in Europe during the financial crisis. We make use of a rich data set of all car models sold in nine European countries, observed at a monthly level during 2005-2011. We employ a difference-in-differences approach, exploiting the fact that different countries adopted their programs at different points in time. We find that the scrapping schemes played a strong role in stabilizing total car sales in 2009: they prevented a total car sales reduction of 17.4% in countries with schemes targeted to low emission vehicles, and they prevented a 14.8% sales reduction in countries with non-targeted schemes. In contrast, the scrapping schemes only had small environmental benefits: without the schemes, average fuel consumption of new purchased cars would have been only 1.3% higher in countries with targeted schemes and 0.5% higher in countries with non-targeted schemes. We do not find evidence of crowding out due to substitution from non-eligible to eligible cars in countries with targeted schemes. Finally, we identify some competitive and trade effects from the schemes: domestic car producers benefited at the expense of foreign competitors in the countries where the schemes were not targeted. |
| 主题 | Industrial Organization
|
| 关键词 | Automobile market
Financial crisis
Scrapping subsidies
|
| URL | https://cepr.org/publications/dp9629
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| 来源智库 | Centre for Economic Policy Research (United Kingdom)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538465
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推荐引用方式
GB/T 7714 |
Frank Verboven,Nina Leheyda. DP9629 Scrapping Subsidies during the Financial Crisis - Evidence from the Europe. 2013.
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