教師資料查詢 | 類別: 期刊論文 | 教師: 陳智華 Jhy-hwa Chen (瀏覽個人網頁)

標題:Optimal Tax Policy, Market Imperfections, and Environmental Externalities in a Dynamic Optimizing Macro Model
學年98
學期1
出版(發表)日期2009/08/01
作品名稱Optimal Tax Policy, Market Imperfections, and Environmental Externalities in a Dynamic Optimizing Macro Model
作品名稱(其他語言)
著者Chang, Juin-Jen; Chen, Jhy-Hwa; Shieh, Jhy-Yuan; Lai, Ching-Chong
單位淡江大學經濟學系
出版者Hoboken: Wiley-Blackwell Publishing, Inc.
著錄名稱、卷期、頁數Journal of Public Economic Theory 11(4), pp.623-651
摘要This paper develops a dynamic real business cycle model that highlights pollution externalities (on welfare and production) and market imperfections and uses it to determine the socially optimal tax policy that encompasses labor income, capital income, and emission taxes. We show that the optimal tax on capital and labor income only addresses the production inefficiency (and is time-invariant), while the tax on the environmental externalities affects both the production inefficiency and the environmental spillovers (and is time-varying). More interestingly, the socially optimal emission tax will be characterized by a Keynesian-like stabilizer that is designed to mitigate business cycle fluctuations, i.e., that will stimulate the economy with a lower emission tax during recessions. In a positive analysis, we show that the beneficial effects arising from pollution taxation will become larger the greater is the degree of the firms’ monopoly power. In addition, a triple dividend in terms of improving environmental quality and increasing employment and firms’ profit can be simultaneously realized if the environmental production externality is more significant and if the elasticity of intertemporal substitution in consumption is relatively small.
關鍵字Real Business Cycle; Real business cycle; Umweltbelastung; Environmental Degradation; Externer Effekt; Externalities; Unvollkommener Markt; Incomplete market; Lohnsteuer; Wage tax; Kapitalertragsteuer;Capital income tax;Ökosteuer;Environmental tax;Optimale Besteuerung;Optimal taxation;Theorie;Theory
語言英文(美國)
ISSN1097-3923
期刊性質國外
收錄於SSCI
產學合作
通訊作者Shieh, Jhy-Yuan
審稿制度
國別美國
公開徵稿
出版型式紙本
相關連結
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