haku: @author Wang, L.-J. / yhteensä: 1
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| Tekijä: | Wang, L.-J. |
| Otsikko: | Environmental capital flight and pollution tax |
| Lehti: | Environmental and Resource Economics
1995 : APR, VOL. 5:3, p. 273-286 |
| Asiasana: | POLLUTION CONTROL ENVIRONMENTAL QUALITY ENVIRONMENTAL ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | This paper analyzes the impacts of a production pollution tax on environmental capital flight and national product in a two-country static equilibrium model with two-way foreign investment. It is assumed that the capital input in both countries is a composite good of domestic and imported capital. And pollution is negatively (or posityvely) related to the worldwide aggregate emissions. The analysis shows that when a domestic pollution tax is levied, domestic capital outflows increase and foreign capital inflows decrease for sufficiently high elasticities of substitution between labor (immobile input) and capital (mobile input) in both countries. |
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