A Note on the Double Dividend Hypothesis PDF Download
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Author: Christian M. Scholz
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
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Author: Christian M. Scholz
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
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Author: Ronnie Schöb
Publisher:
ISBN:
Category :
Languages : en
Pages : 53
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Author: Carlo Carraro
Publisher:
ISBN:
Category : Environmental impact charges
Languages : en
Pages : 39
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Author: Don Fullerton
Publisher:
ISBN:
Category : Environmental impact charges
Languages : en
Pages : 56
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Book Description
The double-dividend hypothesis' suggests that increased taxes on polluting activities can provide two kinds of benefits. The first is an improvement in the environment, and the second is an improvement in economic efficiency from the use of environmental tax revenues to reduce other taxes such as income taxes that distort labor supply and saving decisions. In this paper, we make four main points. First, the validity of the double-dividend hypothesis cannot logically be settled as a general matter. Second, the focus on revenue in this literature is misplaced. We demonstrate that three policies have equivalent impacts on the environment and on labor supply. One of those policies raises revenue from the environmental component of the reform, another loses revenue, and a third has no revenue associated with it. Third, what matters is the creation of privately-held scarcity rents. Policies that raise product prices through some restriction on behavior may create scarcity rents. Unless those rents are captured by the government, such policies are less efficient at ameliorating an environmental problem than are policies that do not create rents. Finally, we distinguish between two types of command and control regulations on the basis of whether they create scarcity rents.
Author: Dale W. Jorgenson
Publisher: MIT Press
ISBN: 0262027097
Category : Business & Economics
Languages : en
Pages : 639
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Book Description
A rigorous and innovative approach for integrating environmental policies and fiscal reform for the U.S. economy. Energy utilization, especially from fossil fuels, creates hidden costs in the form of pollution and environmental damages. The costs are well documented but are hidden in the sense that they occur outside the market, are not reflected in market prices, and are not taken into account by energy users. Double Dividend presents a novel method for designing environmental taxes that correct market prices so that they reflect the true cost of energy. The resulting revenue can be used in reducing the burden of the overall tax system and improving the performance of the economy, creating the double dividend of the title. The authors simulate the impact of environmental taxes on the U.S. economy using their Intertemporal General Equilibrium Model (IGEM). This highly innovative model incorporates expectations about future prices and policies. The model is estimated econometrically from an extensive 50-year dataset to incorporate the heterogeneity of producers and consumers. This approach generates confidence intervals for the outcomes of changes in economic policies, a new feature for models used in analyzing energy and environmental policies. These outcomes include the welfare impacts on individual households, distinguished by demographic characteristics, and for society as a whole, decomposed between efficiency and equity.
Author: Yu-Bong Lai
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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The two dividends in the double-dividend hypothesis are assumed to be independent. This assumption can be misleading when it comes to formulating policy. I construct a model where the pollution tax rate is voted for by heterogeneous people. In addition to the revenue-recycling effect, the equilibrium pollution tax rate depends on two opposite forces: the tax-cutting effect and the profit effect. The two forces show that an instrument that exploits a greater revenue-recycling effect can cause a more severe environmental deterioration, thereby resulting in the infeasibility of the hypothesis. The introduction of the interdependence between the two dividends can also mean that non-revenue-raising instruments are more efficient than revenue-raising instruments.
Author: Sang-Kyum Kim
Publisher:
ISBN:
Category : Dividends
Languages : en
Pages : 430
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Author: Gilbert E. Metcalf
Publisher:
ISBN:
Category :
Languages : en
Pages : 10
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A weak double-dividend is the proposition that the welfare improvement from a green tax reform, where the revenue from an environmental tax is used to reduce other tax rates, must be greater than the welfare improvement from a reform where the environmental taxes are returned in a lump sum fashion. We show in this note that a weak double-dividend need not hold in a world with multiple distortions. In an economy with multiple distortions one must choose carefully which tax rates to reduce, or one can do worse than a lump sum redistribution of the environmental tax revenues.
Author: Partha Sen
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
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Author: Pekka Sinko
Publisher:
ISBN: 9789515611727
Category :
Languages : en
Pages : 24
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Tiivistelmä.
