IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v46y1993i3p215-239.html
   My bibliography  Save this article

Using the gasoline tax to reduce the US federal government's budget deficit

Author

Listed:
  • Uri, Noel D.
  • Boyd, Roy

Abstract

The analysis presented in this paper examines the US impact of raising the excise tax on gasoline on the US economy. The analytical approach used in the analysis consists of a computable general equilibrium model composed of fourteen producing sectors, fourteen consuming sectors, six household categories classified by income and the government. The effects of a 50 cents per gallon increase in the excise tax on gasoline on prices and quantities include a lower output by the producing sectors (by about $35·0 billion), a reduction in the consumption of goods and services (by about $28·6 billion), and a reduction in welfare (by about $51·7 billion). The govenment would realize an increase in revenue of about $17·3 billion. When subjected to a sensitivity analysis, the results are reasonably robust with regard to the assumption of the values of the substitution elasticities.

Suggested Citation

  • Uri, Noel D. & Boyd, Roy, 1993. "Using the gasoline tax to reduce the US federal government's budget deficit," Applied Energy, Elsevier, vol. 46(3), pages 215-239.
    • Handle: RePEc:eee:appene:v:46:y:1993:i:3:p:215-239
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/0306-2619(93)90073-X
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:46:y:1993:i:3:p:215-239. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.