کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5065110 | 1476726 | 2013 | 13 صفحه PDF | دانلود رایگان |
This study analyses the sectoral and macroeconomic impact of carbon taxes on the Russian economy, one of the world's most energy- and carbon-intensive economies, while assessing the hypothesis of a double dividend. Substituting carbon taxes for labour taxes can reduce GHG emissions and enhance welfare by improving the efficiency of the tax system - a strong double dividend. The analyses confirm, when capital is not internationally mobile, that a double dividend is likely to occur under (i) a high elasticity of labour supply, (ii) high elasticities of substitution between labour and the capital-energy aggregate, (iii) low elasticities of substitution between capital and energy. It is the tax-shifting effect between capital and labour that is crucial. In contrast, welfare losses resulting from the environmental tax reform may be substantial if capital is internationally mobile.
⺠Substituting carbon taxes for labour taxes may result in a double dividend. ⺠The tax-shifting effect between capital and labour is crucial. ⺠The less elastic supply of capital, the more pronounced the tax-shifting effect. ⺠The more elastic supply of labour, the more pronounced the tax-shifting effect. ⺠The more elastic demand for labour, the more pronounced the tax-shifting effect.
Journal: Energy Economics - Volume 37, May 2013, Pages 128-140