EU Decarbonisation: Do EU Electricity Costs Harm Export Competitiveness?

Stanislav Zabojník (), Dusan Steinhauser and Viktoria Pestova
Additional contact information
Stanislav Zabojník: University of Economics in Bratislava, Slovakia and Fulbright Visiting Scholarat Stephen M. Ross School of Business, University of Michigan, USA
Dusan Steinhauser: University of Economics in Bratislava, Slovakia
Viktoria Pestova: University of Economics in Bratislava, Slovakia

The AMFITEATRU ECONOMIC journal, 2023, vol. 25, issue 63, 522

Abstract: The EU has become a leading protagonist of decarbonisation in the era of challenging international competitiveness. This research aims to investigate a relationship between energy costs pushed by decarbonisation (case of electricity) and the export competitiveness of EU countries. Within panel regression, the authors used unit energy costs (UEC) for electricity and analysed export competitiveness via domestic value added in gross export from the TiVA database. The research proved the negative effect of increasing unit energy costs for electricity on export competitiveness, but only at the entire industry level. The even stronger negative effect of increasing energy costs was found among EU13 countries (new members and industry-based countries). The original and most important findings bring UEC data for the EU countries, prove different effects of decarbonisation on export competitiveness within the EU27, and investigate selected decarbonisation effects on energy-intensive industries. The results related to the potentially harmful and diversified effects of decarbonisation commitments on export competitiveness are essential for further “green” reforms policies of the EU.

Keywords: Decarbonisation; electricity prices; export competitiveness; energy intensive industries; energy costs. (search for similar items in EconPapers)
JEL-codes: C53 D24 O13 Q43 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.amfiteatrueconomic.ro/temp/Article_3210.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aes:amfeco:v:25:y:2023:i:63:p:522

Access Statistics for this article

More articles in The AMFITEATRU ECONOMIC journal from Academy of Economic Studies - Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Valentin Dumitru ().