| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP889 |
| DP889 Accountability and Decentralization in Government: An Incomplete Contracts Model | |
| Paul Seabright | |
| 发表日期 | 1994-01-31 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | The implications of more environmental concern for the optimal provision of public goods, taxation, environmental policy and involuntary unemployment are derived within a second-best framework in which lump-sum taxes and subsidies are not available and labour supply is rationed due to a rigid consumer wage. In the absence of factor substitution more environmental concern raises involuntary unemployment. The shift from distortionary to non-distortionary taxation depresses the marginal cost of public funds, thereby creating more room for public spending. Nevertheless, public consumption may fall in order to make room for public abatement if the productivity of the latter tapers off slowly and if the profit tax rate is low. With factor substitution between labour and polluting resources, a shift towards greener preferences boosts employment if labour is a better substitute for polluting resources than the fixed factor, the profit tax is low, and the production share of the fixed factor is large. If initial environmental concern is small, public consumption may rise as well. |
| 主题 | International Macroeconomics |
| 关键词 | Emissions Environmental externality Optimal taxation Public abatement Public goods Unemployment |
| URL | https://cepr.org/publications/dp889 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530033 |
| 推荐引用方式 GB/T 7714 | Paul Seabright. DP889 Accountability and Decentralization in Government: An Incomplete Contracts Model. 1994. |
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