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Environmental Taxes And The Double Dividend Hypothesis
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Book Synopsis Environmental Taxes and the Double-dividend Hypothesis by : Don Fullerton
Download or read book Environmental Taxes and the Double-dividend Hypothesis written by Don Fullerton and published by . This book was released on 1997 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Tax Deductions, Environmental Policy, and the "double Dividend" Hypothesis by : Ian Parry
Download or read book Tax Deductions, Environmental Policy, and the "double Dividend" Hypothesis written by Ian Parry and published by World Bank Publications. This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents the paper "Tax Deductions, Environmental Policy, and the "Double Dividend" Hypothesis," written by Ian Parry and Antonio Bento in May 1999 for the World Bank. The authors find that incorporating tax-favored consumption in models of environmental tax swaps may overturn key results from earlier studies.
Book Synopsis Tax Deductions, Environmental Policy, and the Double Dividend Hypothesis by : Ian W. H. Parry
Download or read book Tax Deductions, Environmental Policy, and the Double Dividend Hypothesis written by Ian W. H. Parry and published by . This book was released on 2016 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent studies find that environmental tax swaps typically exacerbate the costs of the tax system and therefore do not produce a double dividend. This paper extends previous models by incorporating tax-favored consumption goods. In this setting, the efficiency gains from recycling environmental tax revenues are larger because preexisting taxes distort the consumption bundle, in addition to factor markets. A genuine double dividend is then found.Parry and Bento find that incorporating tax-favored consumption in models of environmental tax swaps may overturn key results from earlier studies. In particular, a revenue-neutral pollution tax (or auctioned permits) can produce a substantial double dividend by reducing both pollution and the costs of the tax system. The second dividend arises because the welfare gain from using environmental tax revenues to cut labor taxes is much larger when labor taxes also distort the choice among consumption goods. Indeed (ignoring environmental benefits), the overall costs of a revenue - neutral pollution tax are negative in the benchmark simulations, at least for pollution reductions up to 17 percent, and possibly up to 42 percent.In addition, Parry and Bento show that the presence of tax-favored consumption may drastically increase the efficiency gain from using (revenue-neutral) emissions taxes (or auctioned emissions permits) rather than grandfathered emissions permits.This paper - a product of Infrastructure and Environment, Development Research Group - is part of a larger effort in the group to study regulatory policies in a second-best setting. The authors may be contacted at [email protected] or [email protected].
Book Synopsis Tax Deductions, Environmental Policy, and the "Double Dividend" Hypothesis by : Ian W. H. Parry
Download or read book Tax Deductions, Environmental Policy, and the "Double Dividend" Hypothesis written by Ian W. H. Parry and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent studies find that environmental tax swaps typically exacerbate the costs of the tax system and therefore do not produce a "double dividend". We extend previous models by incorporating tax-favored consumption goods (e.g. housing, medical care). The efficiency gains from recycling environmental tax revenues are therefore larger because pre-existing income taxes distort both consumption decisions and factor markets. In this setting a revenue-neutral emissions tax (or auctioned permits) produces a double dividend. Moreover, the overall costs of environmental tax swaps are negative, for modest emissions reductions. The efficiency gains from emissions taxes over grandfathered permits are also much larger than previously recognized.
Book Synopsis Double Dividend by : Dale W. Jorgenson
Download or read book Double Dividend written by Dale W. Jorgenson and published by MIT Press. This book was released on 2013-11-29 with total page 639 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Double Dividend Hypothesis of Environmental Taxes by : Ronnie Schöb
Download or read book The Double Dividend Hypothesis of Environmental Taxes written by Ronnie Schöb and published by . This book was released on 2003 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Environmental Tax Reforms and the Double Dividend by : Christian M. Scholz
Download or read book Environmental Tax Reforms and the Double Dividend written by Christian M. Scholz and published by University of Michigan Press. This book was released on 2000 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: An important topic in environmental economics is how to reduce carbon dioxide emissions in order to reduce the threat of global warming. For this purpose, some countries levy environmental taxes. Often, such taxes can result in a second dividend if revenues are used for other governmental purposes such as the reduction of unemployment or the reduction of taxes. Can Germany realistically earn this "double dividend"? Based on a theoretical model, Scholz performs numerical simulations to find out whether environmental taxes have positive effects on households (differentiated by income groups) and firms (differentiated by technologies). Scholz finds that most effects on employment are not large enough to warrant the term "double dividend" and concludes that it is better to levy environmental taxes only for environmental objectives. This study will be of interest to scholars and students specializing in environmental economic issues as well as to international organizations and research institutes in economics.
Book Synopsis Environmental Taxes and the Double Dividend Hypothesis by : Neil Perry
Download or read book Environmental Taxes and the Double Dividend Hypothesis written by Neil Perry and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Environmental Taxation and the Double Dividend by : Ruud A. de Mooij
Download or read book Environmental Taxation and the Double Dividend written by Ruud A. de Mooij and published by . This book was released on 1952 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Environmental Taxation and the Double Dividend by : Ruud A. de Mooij
Download or read book Environmental Taxation and the Double Dividend written by Ruud A. de Mooij and published by . This book was released on 1952 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Environmental Taxation and the Double Dividend by : Ruud A. de Mooij
Download or read book Environmental Taxation and the Double Dividend written by Ruud A. de Mooij and published by . This book was released on 1999 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Environmental Taxation and the "double Dividend" by : Lawrence Herbert Goulder
Download or read book Environmental Taxation and the "double Dividend" written by Lawrence Herbert Goulder and published by . This book was released on 1994 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years there has been great interest in the possibility of substituting environmentally motivated or 'green' taxes for ordinary income taxes. Some have suggested that such revenue-neutral reforms might offer a 'double dividend:' not only (1) improve the environment but also (2) reduce certain costs of the tax system. This paper articulates different notions of 'double dividend' and examines the theoretical and empirical evidence for each. It also draws connections between the double dividend issue and principles of optimal environmetal taxation in a second-best setting. A weak double dividend claim is that returning tax revenues through cuts in distortionary taxes leads to cost savings relative to the case where revenues are returned lump sum. This claim is easily defended on theoretical grounds and (thankfully) receives wide support from numerical simulations. The stronger versions contend that revenue-neutral swaps of environmental taxes for ordinary distortionary taxes involve zero or negative gross costs. Analyses numerical results tend to cast doubt on the strong double dividend claim. Yet the theoretical case against the strong form is not air-tight, and numerical dividend claim is dividend claim is rejected (upheld) are related to the conditions where the second-best optimal environmental tax is less than (greater than) the marginal environmental damages. The difficulty of establishing a strong double dividend claim heightens the importance of attending to and evaluating the (environmental) benefits from environmental taxes.
Book Synopsis Environmental Tax Reform and the Labour Market by : Kurt Kratena
Download or read book Environmental Tax Reform and the Labour Market written by Kurt Kratena and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1990s and 2000s the issue of general welfare double dividend (an improvement in environmental quality combined with a positive welfare effect) triggered by a tax shift from labour to energy resources has been extensively debated. In this book, Kurt Kratena studies the employment effects of revenue neutral shifts from labour to energy, and measures the impact on theoretical and empirical models of the European labour market.
Book Synopsis Environmental Taxation and Employment by :
Download or read book Environmental Taxation and Employment written by and published by . This book was released on 1996 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Environmental Taxation and the Double-dividend by : Ary Lans Bovenberg
Download or read book Environmental Taxation and the Double-dividend written by Ary Lans Bovenberg and published by . This book was released on 1995 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Environmental Tax Reform (ETR) by : Paul Ekins
Download or read book Environmental Tax Reform (ETR) written by Paul Ekins and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive analysis of an environmental tax reform where people are taxed on pollution and the use of natural resources instead of on their income, this book looks at the challenges involved in implementing this tax reform across Europe.
Book Synopsis The Macroeconomic Effects of Environmental Taxes by : Ms.Jenny Elisabeth Ligthart
Download or read book The Macroeconomic Effects of Environmental Taxes written by Ms.Jenny Elisabeth Ligthart and published by International Monetary Fund. This book was released on 1998-05-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews recent literature on the macroeconomic effects of environmental taxes. It attempts to delineate the conditions under which a cleaner environment is compatible with attaining macroeconomic objectives, such as more employment and economic growth. The analysis reveals that an environmentally motivated fiscal reform—using the revenues from environmental taxes to cut labor taxes—may yield employment and environmental dividends if the tax burden can be shifted to agents outside the labor market, such as capitalists, transfer recipients, and foreigners. A cleaner environment and a higher rate of economic growth go hand in hand if the environment is considered an important public input into production.
