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Chasing the Smokestack : Strategic Policymaking with Multiple Instruments
Fredriksson, Per G.; List, John A.; Millimet, Daniel L. - 2021
Empirical evidence suggesting that a considerable amount of horizontal strategic interaction exists amongst governments is important in light of recent devolutionary trends of many important public programs. The empirical approach in these studies typically relies on estimating reaction...
Persistent link: https://www.econbiz.de/10013233438
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A Framework to Compare Environmental Policies
Fullerton, Don - 2021
This paper builds a single model that can be used to show efficiency and distributional effects of eight different types of environmental policies (including taxes, subsidies, regulations, permits, and legal liability). All eight approaches can be designed to have the same efficiency effects,...
Persistent link: https://www.econbiz.de/10013220782
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Distributional Effects of Environmental and Energy Policy : An Introduction
Fullerton, Don - 2013
This chapter reviews literature on the distributional effects of environmental and energy policy. In particular, many effects of such policy are likely regressive. First, it raises the price of fossil-fuel-intensive products, expenditures on which are a high fraction of low-income budgets....
Persistent link: https://www.econbiz.de/10012753492
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A Simple Model of Trade, Capital Mobility, and the Environment
Copeland, Brian R.; Taylor, M. Scott - 2021
This paper examines the interaction between relative factor abundance and income-induced policy differences in determining the pattern of trade and the effect of trade liberalization on pollution. If a rich and capital abundant North trades with a poor and labor abundant South, then free trade...
Persistent link: https://www.econbiz.de/10013247264
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Tax Policies for Low-Carbon Technologies
Metcalf, Gilbert E. - 2010
The U.S. tax code provides a number of subsidies for low-carbon technologies. I discuss the difficulties of achieving key policy goals with subsidies as opposed to using taxes to raise the price of pollution-related activities. In particular, subsidies lower the cost of energy (on average)...
Persistent link: https://www.econbiz.de/10013152559
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Using Tax Expenditures to Achieve Energy Policy Goals
Metcalf, Gilbert E. - 2013
Tax expenditures are a major source of support for energy related activities in the federal budget exceeding direct budget support for energy by a factor of nearly six. Focusing on the policy goals of reducing greenhouse gas emissions and petroleum consumption, I find these tax expenditures...
Persistent link: https://www.econbiz.de/10012753708
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Why International Equity Inflows to Emerging Markets are Inefficient and Small Relative to International Debt Flows
Razin, Assaf - 2010
This paper considers the financing of investment in the presence of asymmetric information between the 'insiders' and the 'outsiders' of the firms in a small open economy. It establishes a well-defined capital structure for the economy as a whole with the following features: low-productivity...
Persistent link: https://www.econbiz.de/10012763079
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Why is There Corporate Taxation in a Small Open Economy? The Role of Transfer Pricing and Income Shifting
Gordon, Roger H. - 2009
Several recent papers argue that corporate income taxes should not be used by small, open economies. With capital mobility, the burden of the tax falls on fixed factors (e.g., labor), and the tax system is more efficient if labor is taxed directly. However, corporate taxes not only exist but...
Persistent link: https://www.econbiz.de/10012767953
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A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds
Carroll, Christopher D. - 2010
We model the motives for residents of a country to hold foreign assets, including the precautionary motive that has been omitted from much previous literature as intractable. Our model captures many of the principal insights from the existing specialized literature on the precautionary motive,...
Persistent link: https://www.econbiz.de/10013151293
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Taxation of Human Capital and Wage Inequality : A Cross-Country Analysis
Guvenen, Fatih; Kuruscu, Burhanettin; Ozkan, Serdar - 2021
Wage inequality has been significantly higher in the United States than in continental European countries (CEU) since … the 1970s. Moreover, this inequality gap has further widened during this period as the US has experienced a large increase … in wage inequality, whereas the CEU has seen only modest changes. This paper studies the role of labor income tax …
Persistent link: https://www.econbiz.de/10013225025