Listing 1 - 2 of 2 |
Sort by
|
Choose an application
The carbon tax is a major instrument for curbing greenhouse gas emissions that cause global warming. Yet its adoption has been limited because of concerns over its effects on economic growth, income distribution, and international competitiveness. The paper shows that policymakers can minimize the effects of the tax on economic growth through an efficient recycling of tax revenues and on equity through the adoption of appropriate mitigating or compensating measures. To eliminate the worry about the loss of competitiveness, the paper suggests an international agreement on a coordinated adoption of the tax.
Public Finance --- Taxation --- Environmental Economics --- Environmental Conservation and Protection --- Fiscal Policy --- International Policy Coordination and Transmission --- Taxation, Subsidies, and Revenue: General --- Taxation and Subsidies: Externalities --- Redistributive Effects --- Environmental Taxes and Subsidies --- Renewable Resources and Conservation: Government Policy --- Energy and the Macroeconomy --- Climate --- Natural Disasters and Their Management --- Global Warming --- Environmental Economics: General --- Public finance & taxation --- Climate change --- Environmental economics --- Carbon tax --- Greenhouse gas emissions --- Revenue administration --- Environment --- Taxes --- Environmental impact charges --- Climatic changes --- Greenhouse gases --- Revenue --- Environmental sciences --- United States
Choose an application
The petroleum-rich former Soviet republics around the Caspian Sea face the dual challenge of managing the transition to a market economy and a booming resource sector. This paper examines this challenge with particular reference to Azerbaijan. The standard “Dutch disease” model is modified to capture the special conditions of transition economies, with specific attention to the pattern of real exchange rate movement. “Transition factors” are found to add to the speed of real appreciation. Non-oil sectors may suffer, but less through the real appreciation than through transition-specific structural problems. The paper describes a medium-term policy strategy for Azerbaijan, relating its prospects to the experience in the 1970s of Ecuador, Indonesia, and Nigeria. The adverse effects of the Dutch disease may be avoided if Azerbaijan pursues policies to promote savings and open trade, and strengthens the supply side through structural policies.
Investments: Energy --- Foreign Exchange --- Economic Theory --- Natural Resources --- Economic Growth of Open Economies --- Resource Booms --- Energy and the Macroeconomy --- Energy: General --- Agricultural and Natural Resource Economics --- Environmental and Ecological Economics: General --- Commodity Markets --- Investment & securities --- Environmental management --- Currency --- Foreign exchange --- Economic theory & philosophy --- Oil --- Natural resources --- Real exchange rates --- Commodity booms --- Dutch disease --- Commodities --- Environment --- Economic theory --- Petroleum industry and trade --- Commercial products --- Economic forecasting --- Azerbaijan, Republic of
Listing 1 - 2 of 2 |
Sort by
|