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The Double Dividend Issue: Modelling Strategies and Empirical Findings

  • Bosello, Francesco
  • Carraro, Carlo
  • Galeotti, Marzio

This paper reviews recent developments in the study of the so-called "double dividend", i.e. the possibility of improving the environment and, at the same time, reducing the distortions of the tax system through revenue-neutral green taxes. Recent modeling advances are considered at both the theoretical and the empirical levels. In particular, we note that the most significant theoretical advances have been made in the direction of allowing for imperfectly competitive markets, especially the market for labor. At the same time, we argue that empirical work, particularly on the "employment double dividend", is still relatively scant and that much more needs to be done both in the direction of more realistic empirical models and of an extended sensitivity analysis of the main findings.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 2117.

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Date of creation: Apr 1999
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Handle: RePEc:cpr:ceprdp:2117
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  10. Carraro, Carlo & Galeotti, Marzio, 1997. "The Benefits of Environmental Fiscal Reforms in an Integrated Europe," Review of International Economics, Wiley Blackwell, vol. 5(4), pages 111-33, Supplemen.
  11. Capros, P. & Georgakopoulos, P. & Zografakis, S. & Proost, S., . "Double dividend analysis: first results of a general equilibrium mode (GEM-E3) linking the EU countries," CORE Discussion Papers RP -1207, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  12. Kemfert, Claudia & Welsch, Heinz, 2000. "Energy-Capital-Labor Substitution and the Economic Effects of CO2 Abatement: Evidence for Germany," Journal of Policy Modeling, Elsevier, vol. 22(6), pages 641-660, November.
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  22. A. Bovenberg, 1998. "Environmental Taxes and the Double Dividend," Empirica, Springer, vol. 25(1), pages 15-35, January.
  23. Bovenberg, A Lans & Goulder, Lawrence H, 1996. "Optimal Environmental Taxation in the Presence of Other Taxes: General-Equilibrium Analyses," American Economic Review, American Economic Association, vol. 86(4), pages 985-1000, September.
  24. Schneider, Kerstin, 1997. " Involuntary Unemployment and Environmental Policy: The Double Dividend Hypothesis," Scandinavian Journal of Economics, Wiley Blackwell, vol. 99(1), pages 45-49, March.
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  26. Thorsten Bayindir-Upmann & Matthias Raith, 1997. "Environmental Taxation and the Double Dividend: A Drawback for a Revenue-Neutral Tax Reform," Working Papers 274, Bielefeld University, Center for Mathematical Economics.
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  33. Marsiliani, L. & Renstrom, T.I., 1997. "Imperfect Competition, Labour Market Distortions and the Double Divident Hypothesis," Discussion Papers 97-26, Department of Economics, University of Birmingham.
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  36. Alberto Majocchi, 1996. "Green fiscal reform and employment: A survey," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 8(4), pages 375-397, December.
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  39. Lawrence H. Goulder & Ian W. H. Parry & Dallas Burtraw, 1996. "Revenue-Raising vs. Other Approaches to Environmental Protection: The Critical Significance of Pre-Existing Tax Distortions," NBER Working Papers 5641, National Bureau of Economic Research, Inc.
  40. Ahmad, Ehtisham & Stern, Nicholas, 1984. "The theory of reform and indian indirect taxes," Journal of Public Economics, Elsevier, vol. 25(3), pages 259-298, December.
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