Article View/Open
Publication Export
Related Publications in TAIR
- > Simple Record
- > Full Record
| Field |
Value |
| Title: | The Feasibility of the Double-Dividend Hypothesis in a Democratic Economy |
| Authors: | Lai, Yu‐Bong
賴育邦 |
| Contributors: | 財政系 |
| Keywords: | Environmental policy; green tax reform; income inequality; political economy |
| Date: | 2018-01 |
| Issue Date: | 2018-11-09 15:04:12 (UTC+8) |
| Abstract: | 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. |
| Relation: | SCANDINAVIAN JOURNAL OF ECONOMICS, 120(1), 211-241 |
| Data Type: | article |
| DOI: | http://dx.doi.org/10.1111/sjoe.12213 |
| DCField |
Value |
Language |
| dc.contributor (Contributor) | 財政系 | |
| dc.creator (Authors) | Lai, Yu‐Bong | |
| dc.creator (Authors) | 賴育邦 | |
| dc.date (Date) | 2018-01 | |
| dc.date.accessioned | 2018-11-09 15:04:12 (UTC+8) | - |
| dc.date.available | 2018-11-09 15:04:12 (UTC+8) | - |
| dc.date.issued (Issue Date) | 2018-11-09 15:04:12 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/120862 | - |
| dc.description.abstract (Abstract) | 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 (Relation) | SCANDINAVIAN JOURNAL OF ECONOMICS, 120(1), 211-241 | |
| dc.subject (Keywords) | Environmental policy; green tax reform; income inequality; political economy | |
| dc.title (Title) | The Feasibility of the Double-Dividend Hypothesis in a Democratic Economy | en_US |
| dc.type (Data Type) | article | |
| dc.identifier.doi (DOI) | 10.1111/sjoe.12213 | |
| dc.doi.uri | http://dx.doi.org/10.1111/sjoe.12213 | |
(143)