期刊論文
| 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 | en_US |
| ISSN | 1097-3923 |
| 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 | USA |
| 公開徵稿 | |
| 出版型式 | 紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/58013 ) |