Arbeitspapier

Dynamic and distributional effects of environmental revenue recycling schemes: Simulations with a general equilibrium model of the Italian economy

A dynamic general equilibrium model of the Italian economy is used to assess the impact of carbon taxation (or auctioned carbon permits), where additional revenue is used to cut either existing taxes on labour or on capital income. Simulation results do not support the existence of the so-called "double dividend" when labour taxes are reduced, whereas lower tax rates on capital have mild positive effects on growth and welfare, with progressivity properties on income distribution. These findings hinge on the assumptions of open economy, given world interest rate, and capital mobility.

Language
Englisch

Bibliographic citation
Series: Nota di Lavoro ; No. 15.2002

Classification
Wirtschaft
Subject
Applied general equilibrium models
double dividend
environmental taxation
Italy
Ökosteuer
Einkommensverteilung
Dynamisches Gleichgewicht
Italien
Doppelte Dividende

Event
Geistige Schöpfung
(who)
Roson, Roberto
Event
Veröffentlichung
(who)
Fondazione Eni Enrico Mattei (FEEM)
(where)
Milano
(when)
2002

Handle
Last update
10.03.2025, 11:42 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

  • Roson, Roberto
  • Fondazione Eni Enrico Mattei (FEEM)

Time of origin

  • 2002

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