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Study Of German Manufacturing Firms: Causal Impact Of European Union Emission Trading Scheme On Firm Behaviour And Economic Performance

Nitish Gupta, Ruchir Kaul, Satwik Gupta and Jay Shah

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Abstract: The results based on the nonparametric nearest neighbor matching suggest a statistically significant positive effect of the EU ETS on the economic performance of the regulated firms during Phase I of the EU ETS. A year-by-year analysis shows that the effect was only significant during the first year of Phase I. The EU ETS, therefore, had a particularly strong effect when it was introduced. It is important to note that the EU ETS does not homogeneously affect firms in the manufacturing sector. We found a significant positive impact of EU ETS on the economic performance of regulated firms in the paper industry.

Date: 2021-08
New Economics Papers: this item is included in nep-ene, nep-env and nep-isf
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