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Carbon Taxation, Prices and Welfare in New Zealand

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  • John Creedy
  • Catherine Sleeman

    ()
    (New Zealand Treasury)

Abstract

This paper examines the effects on consumer prices of a range of carbon taxes in New Zealand, using information about inter-industry transactions and the use of fossil fuels by industries. The resulting effects on the welfare of different household types and total expenditure levels are examined. The excess burdens of the carbon tax are computed for the different household types. Finally, overall measures of inequality are reported.

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File URL: http://www.treasury.govt.nz/publications/research-policy/wp/2004/04-23/twp04-23.pdf
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Bibliographic Info

Paper provided by New Zealand Treasury in its series Treasury Working Paper Series with number 04/23.

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Length: 45 pages
Date of creation: Dec 2004
Date of revision:
Handle: RePEc:nzt:nztwps:04/23

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Postal: New Zealand Treasury, PO Box 3724, Wellington, New Zealand
Phone: +64-4-472 2733
Fax: +64-4-473 0982
Web page: http://www.treasury.govt.nz
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Related research

Keywords: Carbon tax; equivalent variations; excess burdens; inequality;

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References

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  1. Pearce, David W, 1991. "The Role of Carbon Taxes in Adjusting to Global Warming," Economic Journal, Royal Economic Society, vol. 101(407), pages 938-48, July.
  2. Brännlund, Runar & Nordström, Jonas, 1999. "Carbon Tax Simulations Using a Household Demand Model," UmeÃ¥ Economic Studies 508, Umeå University, Department of Economics.
  3. Roberts, Kevin, 1980. "Price-independent welfare prescriptions," Journal of Public Economics, Elsevier, vol. 13(3), pages 277-297, June.
  4. Cornwell, Antonia & Creedy, John, 1997. "Measuring the Welfare Effects of Tax Changes Using the LES: An Application to a Carbon Tax," Empirical Economics, Springer, vol. 22(4), pages 589-613.
  5. Amiel, Yoram & Creedy, John & Hurn, Stan, 1999. " Measuring Attitudes towards Inequality," Scandinavian Journal of Economics, Wiley Blackwell, vol. 101(1), pages 83-96, March.
  6. Creedy, John, 1998. "Measuring the Welfare Effects of Price Changes: A Convenient Parametric Approach," Australian Economic Papers, Wiley Blackwell, vol. 37(2), pages 137-51, June.
  7. Xavier Labandeira & José M. Labeaga, 1999. "Combining input-output analysis and micro-simulation to assess the effects of carbon taxation on Spanish households," Fiscal Studies, Institute for Fiscal Studies, vol. 20(3), pages 305-320, September.
  8. Common, M. S. & Salma, U., 1992. "Accounting for changes in Australian carbon dioxide emissions," Energy Economics, Elsevier, vol. 14(3), pages 217-225, July.
  9. John Creedy & Catherine Sleeman, 2005. "Carbon Taxation, Prices and Welfare in New Zealand," Department of Economics - Working Papers Series 937, The University of Melbourne.
  10. John Creedy & Cameron Martin, 2000. "Carbon Taxation, Fuel Substitution and Welfare in Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 33(1), pages 32-48.
  11. Creedy, J. & Martin, C., 1998. "How Large are Australia's Greenhouse Gas Emissions?," Department of Economics - Working Papers Series 611, The University of Melbourne.
  12. Smith, Stephen, 1998. "Environmental and Public Finance Aspects of the Taxation of Energy," Oxford Review of Economic Policy, Oxford University Press, vol. 14(4), pages 64-83, Winter.
  13. McKitrick, R, 1996. "Double Dividended Environmental Taxation and Canadian Carbon Emissions Control," Working Papers 1996-10, University of Guelph, Department of Economics and Finance.
  14. Fortin, Bernard & Truchon, Michel & Beausejour, Louis, 1993. "On reforming the welfare system : Workfare meets the negative income tax," Journal of Public Economics, Elsevier, vol. 51(2), pages 119-151, June.
  15. King, Mervyn A., 1983. "Welfare analysis of tax reforms using household data," Journal of Public Economics, Elsevier, vol. 21(2), pages 183-214, July.
  16. Carraro, Carlo & Galeotti, Marzio & Gallo, Massimo, 1996. "Environmental taxation and unemployment: Some evidence on the 'double dividend hypothesis' in Europe," Journal of Public Economics, Elsevier, vol. 62(1-2), pages 141-181, October.
  17. Nichele, Veronique & Robin, Jean-Marc, 1995. "Simulation of indirect tax reforms using pooled micro and macro French data," Journal of Public Economics, Elsevier, vol. 56(2), pages 225-244, February.
  18. Jenkins, Stephen P & Cowell, Frank A, 1994. "Parametric Equivalence Scales and Scale Relativities," Economic Journal, Royal Economic Society, vol. 104(425), pages 891-900, July.
  19. Cornwell, A. & Creedy, J., 1995. "CArbon Taxation, Prices and Inequality in Australia," Department of Economics - Working Papers Series 481, The University of Melbourne.
  20. Felicity Barker, 2002. "Consumption Externalities and the Role of Government: The Case of Alcohol," Treasury Working Paper Series 02/25, New Zealand Treasury.
  21. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, October.
  22. Elizabeth Symons & John Proops & Philip Gay, 1994. "Carbon taxes, consumer demand and carbon dioxide emissions: a simulation analysis for the UK," Fiscal Studies, Institute for Fiscal Studies, vol. 15(2), pages 19-43, May.
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Citations

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Cited by:
  1. Ehtisham Ahmad & Nicholas Stern, 2009. "Effective carbon taxes and public policy options: insights from India and Pakistan," LSE Research Online Documents on Economics 38348, London School of Economics and Political Science, LSE Library.
  2. John Creedy & Catherine Sleeman, 2005. "Carbon Dioxide Emissions Reductions In New Zealand: A Minimum Disruption Approach ," Australian Economic Papers, Wiley Blackwell, vol. 44(3), pages 199-220, 09.
  3. John Creedy & Catherine Sleeman, 2005. "Carbon Taxation, Prices and Welfare in New Zealand," Department of Economics - Working Papers Series 937, The University of Melbourne.
  4. Gemechu, Eskinder D. & Butnar, Isabela & Llop Llop, Maria & Castells i Piqué, Francesc, 2012. "Environmental Tax on Products and Services Based on Their Carbon Footprint: A Case Study of the Pulp and Paper Sector," Working Papers 2072/182644, Universitat Rovira i Virgili, Department of Economics.
  5. Jian Wang & Libing Chi & Xiaowei Hu & Hongfei Zhou, 2014. "Urban Traffic Congestion Pricing Model with the Consideration of Carbon Emissions Cost," Sustainability, MDPI, Open Access Journal, vol. 6(2), pages 676-691, February.
  6. Abdelkrim Araar & Yazid Dissou & Jean-Yves Duclos, 2008. "Household Incidence of Pollution Control Policies: a Robust Welfare Analysis Using General Equilibrium Effects," Cahiers de recherche 0809, CIRPEE.
  7. Isabelle Sin & Emma Brunton & Joanna Hendy & Suzi Kerr, 2005. "The likely regional impacts of an agricultural emissions policy in New Zealand: Preliminary analysis," Others 0509010, EconWPA.
  8. Nicolas Gonne, 2010. "Short-Term Price Effects of a Carbon Tax and Implications for Sectors Competitiveness in Small Open Economies," CESifo Working Paper Series 3257, CESifo Group Munich.
  9. Lennox, James A. & Andrew, Robbie & Forgie, V., 2008. "Price effects of an emissions trading scheme in New Zealand," 107th Seminar, January 30-February 1, 2008, Sevilla, Spain 6678, European Association of Agricultural Economists.
  10. Freebairn, John W., 2008. "Some Distributional Issues in Greenhouse Gas Policy Design," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6770, Australian Agricultural and Resource Economics Society.

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