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政大機構典藏 > 社會科學學院 > 財政學系 > 期刊論文 > Item 140.119/120862

Please use this identifier to cite or link to this item: https://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 賴育邦
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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