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ID:
153056
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| Summary/Abstract |
This paper examines the economic value of country image from the perspective of export prices through matching the CEPII export price data with the British Broadcasting Company country image data from 2006 to 2013. The estimation results show that positive country image has an “elevating” effect and negative country image has a “depressing” effect on export prices. The results also indicate that the lower the level of economic development of an export or import country, the stronger the export price effect of country image. As distances between export countries and trading partners increase, the elevating effect of positive country image on export prices becomes weaker. However, the depressing effect of negative country image does not become weaker over greater distances. We find that export prices are depressed by negative country image to a greater degree for China than for other countries. Therefore, it is necessary for China to prevent the occurrence of incidents detrimental to country image.
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| 2 |
ID:
166947
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| Summary/Abstract |
Traditionally, there has been a premium in green pricing plans for electricity supply with high renewable energy content. Using a sample of 710 plans offered in December 2018 by Texas's competitive retailers to residents in Dallas, Houston, Corpus Christi and Abilene, we document that there is no longer a statistically significant renewable energy premium in Texas's retail electricity pricing. Attributable to the declining cost of renewable energy, this finding's policy implication is that continuing development of renewable energy is unlikely to adversely impact Texas's residents.
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| 3 |
ID:
179707
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| Summary/Abstract |
South Korea tried to drastically expand the capacity of wind power generation from 1.8 GW in 2020 to 24.9 GW in 2034. Moreover, the “Green New Deal” policy is being implemented to promote employment and growth by using domestic wind power facilities. This article estimates additional willingness to pay (WTP) or price premium, for electricity generated from domestic wind power facilities over that from imported ones. For this purpose, a contingent valuation survey of 1000 households was carried out employing the closed-ended question during September 2020. A spike model is utilized to reflect the zero WTP values reported by 58.3% of the interviewees. Several factors affecting the price premium were also analyzed to derive implications. The average price premium for electricity generated from domestic wind power generation facilities was estimated to be KRW 22.5 (USD 0.019) per kWh with statistical significance. This value reaches 21.4% of the electricity price for 2019 (KRW105 or USD 0.089 per kWh). It should be noted that more than half of the people reported a zero price premium, as they thought that “Green” is more important than “New Deal,” or they worried that the supply of domestic wind power facilities could raise electricity bills.
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