| dc.contributor |
Babiker, Mustafa H.M. |
|
| dc.contributor |
Metcalf, Gilbert E. |
|
| dc.contributor |
Reilly, John M. |
|
| dc.date |
2003-10-24T14:55:45Z |
|
| dc.date |
2003-10-24T14:55:45Z |
|
| dc.date |
2002-05 |
|
| dc.date.accessioned |
2013-10-09T02:31:04Z |
|
| dc.date.available |
2013-10-09T02:31:04Z |
|
| dc.date.issued |
2013-10-09 |
|
| dc.identifier |
no. 85 |
|
| dc.identifier |
http://mit.edu/globalchange/www/abstracts.html#a85 |
|
| dc.identifier |
http://hdl.handle.net/1721.1/3559 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/1721 |
|
| dc.description |
We consider the efficiency implications of policies to reduce global carbon emissions in a world with pre-existing tax distortions. We first show that the weak double dividend, the proposition that the welfare improvement from a tax reform where environme ntal taxes are used to lower distorting taxes must be greater than the welfare improvement from a reform where the environmental taxes are returned in a lump sum fashion, need not hold in a world with multiple distortions. A small analytic general equilib rium model is constructed to demonstrate this result. We then present a large-scale computable general equilibrium model of the world economy with distortionary taxation. We use this model to evaluate a number of policies to reduce carbon emissions. We find that the weak double dividend is not obtained in a number of European countries. Results also demonstrate the point that the interplay between carbon policies and pre-existing taxes can differ markedly across countries. Thus one must be cautious in extrapolating the results from a country specific analysis to other countries. |
|
| dc.description |
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change Website. (http://mit.edu/globalchange/www/) |
|
| dc.description |
Includes bibliographical references (p. 17-18). |
|
| dc.format |
22 p. |
|
| dc.format |
1080442 bytes |
|
| dc.format |
application/pdf |
|
| dc.language |
eng |
|
| dc.publisher |
MIT Joint Program on the Science and Policy of Global Change |
|
| dc.relation |
Report no. 85 |
|
| dc.rights |
http://mit.edu/globalchange/www/abstracts.html#a85 |
|
| dc.subject |
QC981.8.C5.M58 no.85 |
|
| dc.title |
Tax distortions and global climate policy |
|