Macroeconomic Effects of EU Energy Efficiency Regulations on Household Dishwashers, Washing Machines and Washer Dryers

Paola Rocchi, José Rueda-Cantuche, Alicia Boyano and Alejandro Villanueva
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Paola Rocchi: European Commission, Joint Research Centre (JRC), Spain. C/Inca Garcilaso, 3, 41092 Sevilla, Spain
Alicia Boyano: European Commission, Joint Research Centre (JRC), Spain. C/Inca Garcilaso, 3, 41092 Sevilla, Spain

Energies, 2019, vol. 12, issue 22, 1-21

Abstract: Testing the relationship between economic performance and energy consumption is of utmost importance in nearly all countries. Taking the European Union as scope, this paper analyses the impacts of energy efficiency legislation on a selection of household appliances. In particular, it analyses the employment and value added impacts of the stricter energy efficiency requirements for dishwashers, washing machines, and washer dryers. To do so, this paper combines a bottom-up stock model with a macro-econometric dynamic general equilibrium model (FIDELIO) to quantify the direct and indirect value added and employment impacts in the European Union. The analysis shows that stricter energy efficiency requirements on household dishwashers, washing machines, and washer dryers have a net negative macroeconomic impact on value added (roughly 0.01 % of the total European Union value added) and a slightly net positive impact on employment. In fact, the regulations cause a shift in the composition of the household consumption basket that seems to favor labor-intensive industries.

Keywords: energy efficiency policy; household appliances; eco-design; energy labelling; indirect impacts; general equilibrium model; FIDELIO model (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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