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Revisiting the Conflicts between ‘Environmental Taxes vs Standard’ in the Context of International Trade: The Role of Waste Recycling

Author

Listed:
  • Chatterjee, Nilendu
  • Gupta, Kausik
  • Chatterjee, Tonmoy

Abstract

The present paper throws light on the famous “tax versus standard” debate in the sphere of environmental economics by using general equilibrium framework and tries to examine which of the two, i.e., tax or standard is the better way to deal with pollution. The present paper has done so in the presence of a waste recycling sector which is the unique feature of it and has shown the impact of tax and standard separately on different polluting and non-polluting sectors of the economy. The paper has developed a unique as well as an interesting result that in the presence of a waste recycling sector in the economy, both pollution tax and environmental standard have the same impact.

Suggested Citation

  • Chatterjee, Nilendu & Gupta, Kausik & Chatterjee, Tonmoy, 2015. "Revisiting the Conflicts between ‘Environmental Taxes vs Standard’ in the Context of International Trade: The Role of Waste Recycling," MPRA Paper 64709, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:64709
    as

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    File URL: https://mpra.ub.uni-muenchen.de/64709/1/MPRA_paper_64709.pdf
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    References listed on IDEAS

    as
    1. Chichilnisky, Graciela, 1994. "North-South Trade and the Global Environment," American Economic Review, American Economic Association, vol. 84(4), pages 851-874, September.
    2. Hamid Beladi & Sugata Marjit, 1992. "Foreign Capital and Protectionism," Canadian Journal of Economics, Canadian Economics Association, vol. 25(1), pages 233-238, February.
    3. Gupta, Manash Ranjan, 1994. "Foreign capital, income inequality and welfare in a Harris-Todaro model," Journal of Development Economics, Elsevier, vol. 45(2), pages 407-414, December.
    4. Sarbajit Chaudhuri, 2005. "Pollution And Welfare In The Presence Of Informal Sector: Is There Any Trade-Off?," Others 0510012, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Environmental Regulation; Green Capital; Waste Management and General Equilibrium;
    All these keywords.

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F18 - International Economics - - Trade - - - Trade and Environment
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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