Detail Revenue-Raising Versus Other Approaches to Environmental Protection : The Critical Significance of Preexisiting Tax Distortions   Oleh:  Goulder, Lawrence H. ; Burtraw, Dallas ; Parry, Ian W. H. Jenis: Article from Bulletin/Magazine Dalam koleksi: The Rand Journal of Economics vol. 28 no. 4 (1997), page 708-731. Topik: REVENUE; revenue - raising; environmental protection; tax distortions Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Using analytical and numerical general equilibrium models, we show that preexisting factor taxes produce a "tax - interaction effect" that substantially increases the costs pollution taxes and quotas. Under policis that raise revenue and recycle it through cuts in marginal factor tax rates, this effect is partially offset by a "revenue - recycling effect". Grandfathered pollution quotas, such as those used under the 1990 clean air act amendments to regulate electric utilities' SO2 emissions, do not benefit from this offset. The cost differential between policies that do or do not exploit the revenue - recycling effect deends crucially on the extent of emissions reduction. We exmaine these theoretical findings empirically in the context of U. S. policies to reduce SO2 emmisions. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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