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The effects of electricity costs on firm re-location decisions: insights for the pollution havens hypothesis?

机译:电力成本对企业搬迁决策的影响:对污染天堂假说的见解?

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摘要

Electricity costs are partly driven by environmental policy choices. In this paper, the effects of variations in electricity costs—as measured by end-user electricity prices–on firm relocation decisions are investigated. Using a discrete choice model and a data base that has not previously been exploited to study this problem, we investigate the effects of variations in electricity costs on the intensive and extensive re-location decisions of European firms. We find that electricity costs play a significant role in determining relocation destinations. This effect is asymmetric between firms moving into and out of a country, and between high and low energy intensity sectors. The findings of the paper have implications for the Pollution Havens Hypothesis, since they show the extent to which the effects of climate policy on domestic electricity costs can be expected to impact on firm relocation decisions both into and out of a country.
机译:电力成本部分受环境政策选择的驱动。在本文中,研究了用最终用户的电价来衡量的电力成本变化对企业搬迁决策的影响。我们使用离散选择模型和一个以前没有用来研究此问题的数据库,我们研究了电费变化对欧洲公司密集和广泛的重新安置决策的影响。我们发现电费在确定搬迁目的地方面起着重要作用。这种影响在进入和离开一个国家的公司之间以及在高和低能耗领域之间是不对称的。本文的研究结果对污染天堂假说具有重要意义,因为它们表明气候政策对国内电力成本的影响在多大程度上可以影响公司进出国家的搬迁决定。

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