Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/119624
Authors: 
Roson, Roberto
Year of Publication: 
2002
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 15.2002
Abstract: 
A dynamic general equilibrium model of the Italian economy is used to assess the impact of carbon taxation (or auctioned carbon permits), where additional revenue is used to cut either existing taxes on labour or on capital income. Simulation results do not support the existence of the so-called "double dividend" when labour taxes are reduced, whereas lower tax rates on capital have mild positive effects on growth and welfare, with progressivity properties on income distribution. These findings hinge on the assumptions of open economy, given world interest rate, and capital mobility.
Subjects: 
Applied general equilibrium models
double dividend
environmental taxation
Italy
Document Type: 
Working Paper

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