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 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.
Publication date: May 1998
ISBN: 9781451849707
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Topics covered in this book

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Environmental Conservation and Protection , Environmental Conservation and Protection , Environmental- Pollution Control , Environmental- Pollution Control , Abatement , environmental taxes , double dividend , endogenous growth , green tax reform , optimal taxation , pollution , , pollution , environment , environmental quality , environmental policy

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