| Autor: |
Gilbert E. Metcalf, John M. Reilly, Mustafa H. Babiker |
| Rok vydání: |
2003 |
| Předmět: |
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| Zdroj: |
Journal of Environmental Economics and Management. 46:269-287 |
| ISSN: |
0095-0696 |
| DOI: |
10.1016/s0095-0696(02)00039-6 |
| Popis: |
We consider the efficiency implications of policies to reduce global carbon emissions in a world with pre-existing tax distortions. We first note that the weak double dividend, the proposition that the welfare improvement from a tax reform where environmental taxes are used to lower distorting taxes must be greater than the welfare improvement from a reform where the environmental taxes are returned in a lump sum fashion, need not hold in a world with multiple distortions. We then present a large-scale computable general equilibrium model of the world economy with distortionary taxation. We use this model to evaluate a number of policies to reduce carbon emissions. We find that the weak double dividend is not obtained in a number of European countries. Results also demonstrate the point that the interplay between carbon policies and pre-existing taxes can differ markedly across countries. Thus, one must be cautious in extrapolating the results from a country specific analysis to other countries. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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