G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Inequality, Environmental Protection and Growth
Laura Marsiliani; T. I. Rengstršm
发表日期2000
出处Climate Change and Sustainable Development
出版年2000
语种英语
摘要Why do Scandinavian countries perform better in terms of environmental protection than other European Union countries? In this paper, we explore the hypothesis that societies characterised by low-income inequality (such as the Nordic European countries) generate political-economic equilibria where environmental policy is more stringent. We model an overlapping-generations economy in which individuals differ in skills to address the question to what extent in modern democracies, income distribution influences the stringency of environmental policy and consequently the growth of a country. Individuals work when they are young and own capital when they are old. Pollution externalities are present due to the use of a polluting factor. The government uses the revenue from a capital-income tax and a pollution tax for a lump-sum transfer to the old generation. The fiscal decision at each point in time is taken by a majority elected representative. In politico-economic equilibrium, the lower the skill of the median individual is relative to the average, the smaller the pollution tax and the capital stock are, and the greater the capital income-tax and the relative use of the polluting factor. We perform both steady-state analysis and examine the transition path. Subsequently, we present an empirical analysis for two panels of seven and ten industrialised countries from the late seventies to late nineties. Our framework is able to explain the stylised facts regarding inequality, environmental protection, and growth.
特色分类D62,D72,E62,H20
关键词Environmental policy,majority voting,endogenous fiscal structure,income distribution,overlapping generations,growth
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/inequality-environmental-protection-and-growth/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/116529
推荐引用方式
GB/T 7714
Laura Marsiliani,T. I. Rengstršm. Inequality, Environmental Protection and Growth. 2000.
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