A General-Equilibrium Analysis of European Carbon/Energy Taxation
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A General-Equilibrium Analysis of European Carbon/Energy Taxation
Model Structure and Macroeconomic Results
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 115 (1995), Iss. 2 : pp. 275–303
3 Citations (CrossRef)
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Welsch, Heinz
Hoster, Frank
Cited By
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Coal subsidization and nuclear phase-out in a general equilibrium model for Germany
Welsch, Heinz
Energy Economics, Vol. 20 (1998), Iss. 2 P.203
https://doi.org/10.1016/S0140-9883(97)00018-2 [Citations: 24] -
INTERTEMPORAL COMPUTABLE GENERAL EQUILIBRIUM ANALYSIS OF A SMALL REGION WITH WASTE RECYCLING
MIYATA, Yuzuru
Doboku Gakkai Ronbunshuu D, Vol. 62 (2006), Iss. 1 P.167
https://doi.org/10.2208/jscejd.62.167 [Citations: 0] -
CO2 - Eine Herausforderung für die Menschheit
Steuern zur CO2-Minderung in der Europäischen Union
Welsch, Heinz
1997
https://doi.org/10.1007/978-3-642-60545-1_13 [Citations: 0]
Abstract
The paper provides a quantitative assessment of an EC-wide carbon/energy tax and a national energy tax in Germany. Emphasis is placed on the issue of tax recycling and on international feedback effects. The analysis utilizes a recursively-dynamic two-region general equilibrium model of- the European Community. The model takes account of both embodied and disembodied technical progress. Other features include the endogenous treatment of the interest rate and the flexible exchange rate of the EC vis a vis the rest of the world. Our results indicate that the macroeconomic effects of both taxes are systematically influenced by the way in which taxes are recycled into the economy. Also, we find that a purely national tax may be noteably less unfavorable than frequently expected.