Double Dividend in an Endogenous Growth Model with Pollution and Abatement

Esther Fernández, Rafaela Perez and Jesus Ruiz

No 803, Working Papers del Instituto Complutense de Estudios Internacionales from Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales

Abstract: In a very stylized endogenous growth economy with pollution and private abatement activities and without any production externality, we show that the government may exploit dynamic Laffer effects to achieve a double dividend through an environmental tax reform, while fulfilling its commitment to provide an exogenously specified sequence of expenditures in the form of lump-sum transfers to consumers.

Keywords: Double dividend; Green tax reform; Abatement activities; Environmental taxes; Environmental externalities; Endogenous growth; Dynamic Laffer effect.; Doble dividendo; reforma medioambiental verde; Actividades de abatement; Externalidades medioambientales; Impuestos medioambientales; Crecimiento endógeno; Efecto Laffer dinámico. (search for similar items in EconPapers)
JEL-codes: H23 O41 Q28 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2008
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Working Paper: Double Dividend in an Endogenous Growth Model with Pollution and Abatement (2004)
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