Energy cost pass-through in US manufacturing estimates and implications for carbon taxes by Sharat Ganapati, Joseph S. Shapiro and Reed Walker
By: Ganapati, Sharat
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Contributor(s): Shapiro, Joseph S | Walker, William Reed.
Material type: 
ArticlePublisher: 2020Subject(s): ENERGIA | COSTOS | CARBON | IMPUESTOS | INCIDENCIA Y TRASLACION | MANUFACTURAS | INDUSTRIA | ESTADOS UNIDOS
In:
American Economic Journal : Applied Economics v. 12, n. 2, April 2020, p.303-342Summary: We study how changes in energy input costs for US manufacturers affect the relative welfare of manufacturing producers and consumers (i.e., incidence). We also develop a methodology to estimate the incidence of input taxes that accounts for incomplete pass-through, imperfect competition, and substitution among inputs. For the several industries we study, 70 percent of energy price-driven changes in input costs get passed through to consumers in the short to medium run. The share of the welfare cost that consumers bear is 25–75 percent smaller (and the share producers bear is larger) than models featuring complete pass-through and perfect competition would suggest.
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| OP 2134/2020/1 American Economic Journal : Applied Economics | OP 2134/2020/1-1 Race to the bottom? | OP 2134/2020/2 American Economic Journal : Applied Economics | OP 2134/2020/2-1 Energy cost pass-through in US manufacturing | OP 2134/2020/3 American Economic Journal : Applied Economics | OP 2134/2020/4 American Economic Journal : Applied Economics | OP 2134/2021/1 American Economic Journal : Applied Economics |
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We study how changes in energy input costs for US manufacturers affect the relative welfare of manufacturing producers and consumers (i.e., incidence). We also develop a methodology to estimate the incidence of input taxes that accounts for incomplete pass-through, imperfect competition, and substitution among inputs. For the several industries we study, 70 percent of energy price-driven changes in input costs get passed through to consumers in the short to medium run. The share of the welfare cost that consumers bear is 25–75 percent smaller (and the share producers bear is larger) than models featuring complete pass-through and perfect competition would suggest.
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