The Macroeconomic Effects of Environmental Taxes : A Closer Look at the Feasibility of 'Win-Win' Outcomes /

This paper reviews recent literature on the macroeconomic effects of environmental taxes. It attempts to delineate the conditions under which a cleaner environment is compatible with attaining macroeconomic objectives, such as more employment and economic growth. The analysis reveals that an environ...

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Bibliographic Details
Main Author: Ligthart, Jenny
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Working Papers; Working Paper ; No. 1998/075
Online Access:Full text available on IMF
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245 1 4 |a The Macroeconomic Effects of Environmental Taxes :   |b A Closer Look at the Feasibility of 'Win-Win' Outcomes /  |c Jenny Ligthart. 
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300 |a 1 online resource (35 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper reviews recent literature on the macroeconomic effects of environmental taxes. It attempts to delineate the conditions under which a cleaner environment is compatible with attaining macroeconomic objectives, such as more employment and economic growth. The analysis reveals that an environmentally motivated fiscal reform-using the revenues from environmental taxes to cut labor taxes-may yield employment and environmental dividends if the tax burden can be shifted to agents outside the labor market, such as capitalists, transfer recipients, and foreigners. A cleaner environment and a higher rate of economic growth go hand in hand if the environment is considered an important public input into production. 
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