dc.contributor | Babiker, Mustafa H.M. | en_US |
dc.contributor | Metcalf, Gilbert E. | en_US |
dc.contributor | Reilly, John M. | en_US |
dc.date.accessioned | 2003-10-24T14:55:45Z | |
dc.date.available | 2003-10-24T14:55:45Z | |
dc.date.issued | 2002-05 | en_US |
dc.identifier.other | no. 85 | en_US |
dc.identifier.uri | http://mit.edu/globalchange/www/abstracts.html#a85 | en_US |
dc.identifier.uri | http://hdl.handle.net/1721.1/3559 | |
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/) | en_US |
dc.description | Includes bibliographical references (p. 17-18). | en_US |
dc.description.abstract | 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. | en_US |
dc.format.extent | 22 p. | en_US |
dc.format.extent | 1080442 bytes | |
dc.format.mimetype | application/pdf | |
dc.language.iso | eng | en_US |
dc.publisher | MIT Joint Program on the Science and Policy of Global Change | en_US |
dc.relation.ispartofseries | Report no. 85 | en_US |
dc.rights.uri | http://mit.edu/globalchange/www/abstracts.html#a85 | en_US |
dc.subject.lcc | QC981.8.C5.M58 no.85 | en_US |
dc.title | Tax distortions and global climate policy | en_US |