Carbon Taxes : Their Macroeconomic Effects and Prospects for Global Adoption; A Survey of the Literature /

The carbon tax is a major instrument for curbing greenhouse gas emissions that cause global warming. Yet its adoption has been limited because of concerns over its effects on economic growth, income distribution, and international competitiveness. The paper shows that policymakers can minimize the e...

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Podrobná bibliografie
Hlavní autor: Gandhi, Ved
Další autoři: Cuervo, Javier
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 1998.
Edice:IMF Working Papers; Working Paper ; No. 1998/073
On-line přístup:Full text available on IMF
Popis
Shrnutí:The carbon tax is a major instrument for curbing greenhouse gas emissions that cause global warming. Yet its adoption has been limited because of concerns over its effects on economic growth, income distribution, and international competitiveness. The paper shows that policymakers can minimize the effects of the tax on economic growth through an efficient recycling of tax revenues and on equity through the adoption of appropriate mitigating or compensating measures. To eliminate the worry about the loss of competitiveness, the paper suggests an international agreement on a coordinated adoption of the tax.
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Fyzický popis:1 online resource (39 pages)
Médium:Mode of access: Internet
ISSN:1018-5941
Přístup:Electronic access restricted to authorized BRAC University faculty, staff and students