Year: 1995
Author: Welsch, Heinz, Hoster, Frank
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 115 (1995), Iss. 2 : pp. 275–303
Abstract
The paper provides a quantitative assessment of an EC-wide carbon/energy tax and a national energy tax in Germany. Emphasis is placed on the issue of tax recycling and on international feedback effects. The analysis utilizes a recursively-dynamic two-region general equilibrium model of- the European Community. The model takes account of both embodied and disembodied technical progress. Other features include the endogenous treatment of the interest rate and the flexible exchange rate of the EC vis a vis the rest of the world. Our results indicate that the macroeconomic effects of both taxes are systematically influenced by the way in which taxes are recycled into the economy. Also, we find that a purely national tax may be noteably less unfavorable than frequently expected.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.115.2.275
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 115 (1995), Iss. 2 : pp. 275–303
Published online: 1995-02
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 29
Author Details
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