Mineral Taxation, Market Failure, and the Environment

Timothy R. Muzondo
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Timothy R. Muzondo: International Monetary Fund

IMF Staff Papers, 1993, vol. 40, issue 1, 152-177

Abstract: The environmental effects of mineral taxes are examined in a framework that recognizes the importance of rates and cumulative externalities. The appropriate corrective tax should be a combination of neutral taxes and a dynamic Pigovian tax. In practice, this combination tax, which resembles a specific tax plus an element that depends on the amount of remaining reserves, lets specific taxes act as proxies for environmental taxes. The paper also looks at complementarities and possible trade-offs between economic and environmental concerns that might follow from a reform of mineral taxes.

JEL-codes: H23 (search for similar items in EconPapers)
Date: 1993
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