haku: @indexterm environmental economics / yhteensä: 508
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| Tekijä: | Bye, B. |
| Otsikko: | Taxation, unemployment, and growth: dynamic welfare effects of "green" policies |
| Lehti: | Journal of Environmental Economics and Management
2002 : JAN, VOL. 43:1, p. 1-19 |
| Asiasana: | Environmental economics Labour markets Taxation Unemployment |
| Kieli: | eng |
| Tiivistelmä: | The paper analyzes the effects of environmental tax reforms on a small, open economy. The labour market is characterized by union wage setting. The carbon tax acts as an implicit tariff, which gives rise to terms of trade gains. The terms-of-trade effect together with the union wage setting leads to a positive relationship between the capital-labour ratio and net foreign wealth. In the short run the disinvestments in real and financial capital give temporary room for higher consumption and instaneous utility. The long run effect on instaneous utility is more uncertain. A strong double dividend may exist. |
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