The Energy Crisis and Gas Supply Stop: Consequences for Businesses in Germany
Abstract Based on data from a representative German establishment survey, we assess the ramifications of potentially cutting off the gas supply from Russia. Moreover, we analyse how rising energy costs and supply chain disruptions are so far related to the probability of firms adjusting prices, outp...
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| Format: | Article |
| Language: | deu |
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Sciendo
2022-06-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3211-7 |
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| author | Christian Kagerl Michael Moritz Duncan Roth Jens Stegmaier Ignat Stepanok Enzo Weber |
| author_facet | Christian Kagerl Michael Moritz Duncan Roth Jens Stegmaier Ignat Stepanok Enzo Weber |
| author_sort | Christian Kagerl |
| collection | DOAJ |
| description | Abstract Based on data from a representative German establishment survey, we assess the ramifications of potentially cutting off the gas supply from Russia. Moreover, we analyse how rising energy costs and supply chain disruptions are so far related to the probability of firms adjusting prices, output and employment. A large share of businesses, especially energy-intensive ones, expect a partial or full reduction in output levels should they no longer be supplied with gas. Fourteen percent of businesses report that their production already decreased due to the Russia-Ukraine war and even more expect such a decrease in the future. Similarly, many businesses report price increases. Output and price adjustments are more likely to occur among businesses reporting rising energy costs or supply chain bottlenecks. Some have taken personnel measures, but overall, employment has remained robust so far. |
| format | Article |
| id | doaj-art-819ef371d0c84695aa21e5147d21d00b |
| institution | Kabale University |
| issn | 1613-978X |
| language | deu |
| publishDate | 2022-06-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-819ef371d0c84695aa21e5147d21d00b2025-02-02T03:58:43ZdeuSciendoWirtschaftsdienst1613-978X2022-06-01102648649110.1007/s10273-022-3211-7The Energy Crisis and Gas Supply Stop: Consequences for Businesses in GermanyChristian Kagerl0Michael Moritz1Duncan Roth2Jens Stegmaier3Ignat Stepanok4Enzo Weber5Institut für Arbeitsmarkt- und Berufsforschung (IAB)Institut für Arbeitsmarkt- und Berufsforschung (IAB)Regionales Forschungsnetz, Institut für Arbeitsmarkt- und Berufsforschung (IAB)Institut für Arbeitsmarkt- und Berufsforschung (IAB)Institut für Arbeitsmarkt- und Berufsforschung (IAB)Forschungsbereich A1, Inst. f. Arbeitsmarkt- und BerufsforschungAbstract Based on data from a representative German establishment survey, we assess the ramifications of potentially cutting off the gas supply from Russia. Moreover, we analyse how rising energy costs and supply chain disruptions are so far related to the probability of firms adjusting prices, output and employment. A large share of businesses, especially energy-intensive ones, expect a partial or full reduction in output levels should they no longer be supplied with gas. Fourteen percent of businesses report that their production already decreased due to the Russia-Ukraine war and even more expect such a decrease in the future. Similarly, many businesses report price increases. Output and price adjustments are more likely to occur among businesses reporting rising energy costs or supply chain bottlenecks. Some have taken personnel measures, but overall, employment has remained robust so far.https://doi.org/10.1007/s10273-022-3211-7 |
| spellingShingle | Christian Kagerl Michael Moritz Duncan Roth Jens Stegmaier Ignat Stepanok Enzo Weber The Energy Crisis and Gas Supply Stop: Consequences for Businesses in Germany Wirtschaftsdienst |
| title | The Energy Crisis and Gas Supply Stop: Consequences for Businesses in Germany |
| title_full | The Energy Crisis and Gas Supply Stop: Consequences for Businesses in Germany |
| title_fullStr | The Energy Crisis and Gas Supply Stop: Consequences for Businesses in Germany |
| title_full_unstemmed | The Energy Crisis and Gas Supply Stop: Consequences for Businesses in Germany |
| title_short | The Energy Crisis and Gas Supply Stop: Consequences for Businesses in Germany |
| title_sort | energy crisis and gas supply stop consequences for businesses in germany |
| url | https://doi.org/10.1007/s10273-022-3211-7 |
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