Green taxes and double dividends in a dynamic economy
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概要
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This paper examines a revenue neutral green tax reform along the lines ofthe Double Dividend hypothesis. Using a dynamic general equilibrium modelcalibrated to the US economy, we find that increasing gasoline taxes and usingthe revenue to reduce capital income taxes does indeed deliver both typesof welfare gains: from higher consumption of market goods ( an efficiencydividend), and from a better environmental quality (a green dividend), eventhough in the new steady state environmental quality may worsen. We alsofind that, given the available evidence on how much households are willingto pay for improvements in air quality, the size of the green dividend is verysmall in absolute magnitude, and much smaller than the efficiency dividend.
- Elsevier Science B.V.の論文
- 2008-01-00
Elsevier Science B.V. | 論文
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