| 来源类型 | FEEM working papers "Note di lavoro" series
|
| 规范类型 | 论文
|
| The Welfare Effects of Environmental Taxation |
| William K. Jaeger
|
| 发表日期 | 2009
|
| 出处 | Climate Change and Sustainable Development
|
| 出版年 | 2009
|
| 语种 | 英语
|
| 摘要 | Recent literature has investigated whether the welfare gains from environmental taxation are larger or smaller in a second-best setting than in a first-best setting. This question has mainly been addressed indirectly, by asking whether the second-best optimal environmental tax is higher or lower than the first-best Pigouvian rate. Even this indirect question, though, has itself been approached indirectly, comparing the second-best optimal environmental tax to a proxy for its first-best value, an expression for marginal social damage (MSD). On closer examination, however, MSD becomes ambiguously defined and variable in a second-best setting, making it an unreliable proxy for the first-best Pigouvian rate. With these concerns in mind, the current analysis reevaluates the central welfare question both directly and indirectly and finds that when compared directly to its first-best Pigouvian value, the second-best optimal environmental tax generally rises with increased revenue requirements. Even in cases where the second-best optimal environmental tax is lower than its first-best value, the welfare gains may be greater than in a first-best setting. These results suggest that the marginal fiscal benefit (revenue recycling effect) exceeds the marginal fiscal cost (tax base effect) over a range of environmental tax rates that, for benchmark models, extends above the first-best Pigouvian rate. Results in the tax interaction literature are fully consistent with these interpretations once the effects of normalizations and numeraires are fully recognized. These findings reinforce the intuition that environmental policy complements rather than competes with the provision of other public goods. |
| 特色分类 | H21,Q5
|
| 关键词 | Optimal Environmental Tax,Second-best,Double Dividend,Tax Interaction Effect,Revenue Recycling,Tax Base Effect,Pigouvian Rate,Excess Burden
|
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/the-welfare-effects-of-environmental-taxation/
|
| 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/117687
|
推荐引用方式
GB/T 7714 |
William K. Jaeger. The Welfare Effects of Environmental Taxation. 2009.
|
|
文件名：
|
NDL2009-009.pdf
|
|
格式：
|
Adobe PDF
|
此文件暂不支持浏览
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
