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題名 The Feasibility of the Double-Dividend Hypothesis in a Democratic Economy
作者 Lai, Yu‐Bong
賴育邦
貢獻者 財政系
關鍵詞 Environmental policy; green tax reform; income inequality; political economy
日期 2018-01
上傳時間 9-Nov-2018 15:04:12 (UTC+8)
摘要 The two dividends in the double-dividend hypothesis are assumed to be independent. This assumption can be misleading when it comes to formulating policy. I construct a model where the pollution tax rate is voted for by heterogeneous people. In addition to the revenue-recycling effect, the equilibrium pollution tax rate depends on two opposite forces: the tax-cutting effect and the profit effect. The two forces show that an instrument that exploits a greater revenue-recycling effect can cause a more severe environmental deterioration, thereby resulting in the infeasibility of the hypothesis. The introduction of the interdependence between the two dividends can also mean that non-revenue-raising instruments are more efficient than revenue-raising instruments.
關聯 SCANDINAVIAN JOURNAL OF ECONOMICS, 120(1), 211-241
資料類型 article
DOI http://dx.doi.org/10.1111/sjoe.12213
dc.contributor 財政系
dc.creator (作者) Lai, Yu‐Bong
dc.creator (作者) 賴育邦
dc.date (日期) 2018-01
dc.date.accessioned 9-Nov-2018 15:04:12 (UTC+8)-
dc.date.available 9-Nov-2018 15:04:12 (UTC+8)-
dc.date.issued (上傳時間) 9-Nov-2018 15:04:12 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/120862-
dc.description.abstract (摘要) The two dividends in the double-dividend hypothesis are assumed to be independent. This assumption can be misleading when it comes to formulating policy. I construct a model where the pollution tax rate is voted for by heterogeneous people. In addition to the revenue-recycling effect, the equilibrium pollution tax rate depends on two opposite forces: the tax-cutting effect and the profit effect. The two forces show that an instrument that exploits a greater revenue-recycling effect can cause a more severe environmental deterioration, thereby resulting in the infeasibility of the hypothesis. The introduction of the interdependence between the two dividends can also mean that non-revenue-raising instruments are more efficient than revenue-raising instruments.en_US
dc.format.extent 158894 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) SCANDINAVIAN JOURNAL OF ECONOMICS, 120(1), 211-241
dc.subject (關鍵詞) Environmental policy; green tax reform; income inequality; political economy
dc.title (題名) The Feasibility of the Double-Dividend Hypothesis in a Democratic Economyen_US
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1111/sjoe.12213
dc.doi.uri (DOI) http://dx.doi.org/10.1111/sjoe.12213