Hutter, Christian and Weber, Enzo (2023) Russia-Ukraine war: A note on short-run production and labour market effects of the energy crisis☆. ENERGY POLICY, 183. pp. 1-9. ISSN 0301-4215, 1873-6777
Full text not available from this repository. (Request a copy)Abstract
We provide first causal evidence of effects of the energy crisis on Germany, the largest economy in Europe. Combining cost structure data, national accounts and administrative labour market data, we identify effects in a sectoral panel setting using sector-specific energy intensity as a "bite"variable. The results show that through the channel of energy intensity, monthly production and real turnover decreased by 4.1 and 2.6 per cent, respectively, after the onset of the Russia-Ukraine war. Instead of layoffs, firms safeguarded employment by means of short-time work, with a 24.1 per cent increase in notifications. Vacancy posting was reduced by 10.3 per cent.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | OIL; INTENSITY; SHOCKS; Russia-Ukraine war Energy Production Labour market Germany |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Empirische Wirtschaftsforschung, insbesondere Makroökonomie und Arbeitsmarkt (Prof. Dr. Enzo Weber) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 22 Apr 2024 12:17 |
| Last Modified: | 24 Apr 2024 13:05 |
| URI: | https://pred.uni-regensburg.de/id/eprint/62065 |
Actions (login required)
 |
View Item |
