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dc.contributor.author Glomm, Gerhard
dc.contributor.author Kawaguchi, Daiji
dc.contributor.author Sepulveda, Facundo
dc.date.accessioned 2007-01-03T19:59:50Z
dc.date.available 2007-01-03T19:59:50Z
dc.date.issued 2007-01-03T19:59:50Z
dc.identifier.uri http://papers.ssrn.com/sol3/papers.cfm?abstract_id=830407 en
dc.identifier.uri http://www.iub.edu/~caepr/RePEc/PDF/CAEPR2006-017.pdf en
dc.identifier.uri http://hdl.handle.net/2022/602
dc.description.abstract This paper examines a revenue neutral green tax reform along the lines of the Double Dividend hypothesis. Using a dynamic general equilibrium model calibrated to the US economy, we find that increasing gasoline taxes and using the revenue to reduce capital income taxes does indeed deliver both types of welfare gains: from higher consumption of market goods (an efficiency dividend), and from a better environmental quality (a green dividend), even though in the new steady state environmental quality may worsen. We also find that, given the available evidence on how much households are willing to pay for improvements in air quality, the size of the green dividend is very small in absolute magnitude, and much smaller than the efficiency dividend. en
dc.format.extent 283116 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US en
dc.relation.ispartofseries CAEPR Working Papers en
dc.relation.ispartofseries 2006-017 en
dc.relation.isversionof This paper can also be found on SSRN and RePEc. en
dc.subject CAEPR en
dc.subject Center for Applied Economics and Policy Research en
dc.subject Green taxes en
dc.subject Double Dividends en
dc.subject Capital Accumulation en
dc.subject Welfare en
dc.title Green Taxes and Double Dividends in a Dynamic Economy en
dc.type Working Paper en


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