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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/120862

    Title: The Feasibility of the Double-Dividend Hypothesis in a Democratic Economy
    Authors: Lai, Yu‐Bong
    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 連結: http://dx.doi.org/10.1111/sjoe.12213
    DOI: 10.1111/sjoe.12213
    Appears in Collections:[財政學系] 期刊論文

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