| Tekijä: | Sinclair, P. |
| Otsikko: | On the optimum trend of fossil fuel taxation |
| Lehti: | Oxford Economic Papers
1994 : OCT, VOL. 46, p. 869-877 |
| Asiasana: | TAXATION FUEL ENVIRONMENT |
| Kieli: | eng |
| Tiivistelmä: | The interest rate should fall with global warming. Remedial policy should allow for this endogeneity. In the simplest infinite-horizon model yielding a steady-state, one can derive the trend that an ad valorem fossil fuel tax should take to internalize the externality from emissions. It is negative. If implemented, it would reduce fossil fuel depletion, and raise the rates of interest and growth to the values they would have had without global warming. |
SCIMA