Arbeitspapier
Vertical Fiscal Externalities and the Environment
We show that imposition of a state-level environmental tax in a federation crowds out preexisting federal taxes. We explain how this vertical fiscal externality can lead unilateral state-level environmental policy to generate a welfare gain in the implementing state, at the expense of other states. Using a computable general equilibrium model of the Canadian federation, we show that vertical fiscal externalities can be the major determinant of the welfare change following environmental policy implementation by a state government. Our numerical simulations indicate that - as a consequence of vertical fiscal externalities - state governments can reduce greenhouse gas emissions by over 20 percent without any net cost to themselves.
- Language
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 5076
- Classification
-
Wirtschaft
Computable General Equilibrium Models
State and Local Government; Intergovernmental Relations: General
Energy: General
- Subject
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fiscal externality
climate policy
federalism
computable general equilibrium
- Event
-
Geistige Schöpfung
- (who)
-
Böhringer, Christoph
Rivers, Nicholas
Yonezawa, Hidemichi
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Böhringer, Christoph
- Rivers, Nicholas
- Yonezawa, Hidemichi
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2014
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