Publication:
The Role of Revenue Recycling Schemes in Environmental Tax Selection : A General Equilibrium Analysis

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dc.contributor.authorTimilsina, Govinda R.
dc.date.accessioned2012-06-08T17:26:27Z
dc.date.available2012-06-08T17:26:27Z
dc.date.issued2007-11
dc.description.abstractThis study examines the roles of revenue recycling schemes for the selection of alternative tax instruments (i.e., carbon-, sulphur-, energy- and output-tax) to reduce CO2 emissions to a specified level in Thailand. A static, single period, multi-sectoral computable general equilibrium (CGE) model of the Thai economy has been developed for this purpose. This study finds that the selection of a tax instrument to reduce CO2 emissions would be significantly influenced by the scheme to recycle the tax revenue to the economy. If the tax revenue is recycled to finance cuts in the existing labour or indirect tax rates, carbon tax would be more efficient than the sulphur-, energy- and output-taxes to reduce CO2 emissions. On the other hand, if the tax revenue is recycled to households through a lump-sum transfer, sulphur and carbon taxes would be more efficient than energy and output taxes. The ranking between the sulphur and carbon taxes under the lump sum transfer scheme depends on substitution possibility of fossil fuels. Sulphur tax is found superior over carbon tax at the higher substitution possibility between fossil fuels; the reverse is found true at the lower substitution possibility. In all schemes of revenue recycling considered, the output tax is found to be the most costly (i.e., in welfare terms) despite the fact that it generates two to three times higher revenue than the other tax instruments.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/11/8666999/role-revenue-recycling-schemes-environmental-tax-selection-general-equilibrium-analysis
dc.identifier.doi10.1596/1813-9450-4388
dc.identifier.urihttps://hdl.handle.net/10986/7546
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4388
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAIR
dc.subjectAIR POLLUTION
dc.subjectAPPROACH
dc.subjectATMOSPHERIC EMISSIONS
dc.subjectAVERAGE COSTS
dc.subjectBALANCE
dc.subjectBUDGET CONSTRAINT
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL GOODS
dc.subjectCAPITAL MOBILITY
dc.subjectCAPITAL STOCK
dc.subjectCAPITAL TAX
dc.subjectCARBON
dc.subjectCARBON ABATEMENT
dc.subjectCARBON CONTENT
dc.subjectCARBON DIOXIDE
dc.subjectCARBON EMISSION
dc.subjectCARBON EMISSIONS
dc.subjectCARBON INTENSITY
dc.subjectCARBON TAX
dc.subjectCARBON TAXES
dc.subjectCASH TRANSFERS
dc.subjectCD
dc.subjectCLEAN ENERGY
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE PROTECTION
dc.subjectCOAL
dc.subjectCOAL CONSUMPTION
dc.subjectCOAL OIL
dc.subjectCOAL PRICE
dc.subjectCOMMERCIAL TRANSPORT
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCONSUMPTION OF FUEL
dc.subjectCOST MINIMIZATION
dc.subjectCRUDE OIL
dc.subjectDEMAND FOR ELECTRICITY
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDIESEL
dc.subjectDISPOSABLE INCOME
dc.subjectDISTORTIONARY TAXES
dc.subjectDOUBLE DIVIDEND
dc.subjectECONOMIC WELFARE
dc.subjectELASTICITY
dc.subjectELASTICITY VALUES
dc.subjectELECTRICITY
dc.subjectELECTRICITY GENERATION
dc.subjectEMISSION
dc.subjectEMISSION ABATEMENT
dc.subjectEMISSION REDUCTION
dc.subjectEMISSION REDUCTIONS
dc.subjectEMISSION TRADING
dc.subjectEMISSIONS
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY DEVELOPMENT
dc.subjectENERGY SUPPLY
dc.subjectENERGY TAX
dc.subjectENERGY TAXES
dc.subjectENVIRONMENTAL
dc.subjectENVIRONMENTAL ECONOMICS
dc.subjectENVIRONMENTAL IMPACTS
dc.subjectENVIRONMENTAL POLICY
dc.subjectENVIRONMENTAL PROTECTION
dc.subjectENVIRONMENTAL TAX
dc.subjectENVIRONMENTAL TAXATION
dc.subjectENVIRONMENTAL TAXES
dc.subjectEQUILIBRIUM
dc.subjectEQUILIBRIUM ANALYSES
dc.subjectEQUIVALENT VARIATION
dc.subjectEXCHANGE RATE
dc.subjectEXTERNAL FINANCE
dc.subjectFIXED CAPITAL
dc.subjectFOSSIL
dc.subjectFOSSIL FUEL
dc.subjectFOSSIL FUELS
dc.subjectFUEL
dc.subjectFUEL CONSUMPTION
dc.subjectFUEL OIL
dc.subjectFUEL PRICE
dc.subjectGAS TURBINE
dc.subjectGENERAL EQUILIBRIUM MODEL
dc.subjectGLOBAL CLIMATE CHANGE
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENT SAVING
dc.subjectGOVERNMENT SAVINGS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS OUTPUT
dc.subjectHEAT
dc.subjectHEAT VALUE
dc.subjectHIGH SULPHUR CONTENT
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD SAVING
dc.subjectHOUSEHOLD SAVINGS
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCOME TAX
dc.subjectINCOME TAXES
dc.subjectINSTRUMENT
dc.subjectINTEREST RATE
dc.subjectINTERNAL COMBUSTION
dc.subjectINTERNAL COMBUSTION ENGINE
dc.subjectINTERNATIONAL BANK
dc.subjectINVENTORY
dc.subjectLEISURE
dc.subjectLEVIES
dc.subjectLEVY
dc.subjectLOCAL AIR POLLUTION
dc.subjectMETALS
dc.subjectMOBILITY
dc.subjectNATIONAL INCOME
dc.subjectNATURAL GAS
dc.subjectNATURAL GAS DEMAND
dc.subjectNITROGEN
dc.subjectOIL
dc.subjectOIL GAS COAL
dc.subjectOPEN ECONOMY
dc.subjectPERSONAL INCOME
dc.subjectPERSONAL INCOME TAXES
dc.subjectPETROLEUM
dc.subjectPETROLEUM GAS
dc.subjectPETROLEUM PRODUCTS
dc.subjectPOLLUTANTS
dc.subjectPOLLUTION
dc.subjectPOLLUTION CHARGES
dc.subjectPOWER
dc.subjectPOWER GENERATION
dc.subjectPOWER PLANTS
dc.subjectPOWER SYSTEM
dc.subjectPRICE ELASTICITY
dc.subjectPRICE ELASTICITY OF DEMAND
dc.subjectPRICE OF COAL
dc.subjectPRIMARY SOURCES
dc.subjectPRODUCERS
dc.subjectPRODUCTION FUNCTIONS
dc.subjectPUBLIC GOODS
dc.subjectRATE OF RETURN
dc.subjectRETURNS
dc.subjectREVENUE RECYCLING
dc.subjectSALES TAX
dc.subjectSAVINGS
dc.subjectSHARE OF INVESTMENT
dc.subjectSTEAM TURBINE
dc.subjectSUBSIDIZATION
dc.subjectSUBSTITUTION ELASTICITIES
dc.subjectSULFUR
dc.subjectSULFUR TAX
dc.subjectSULFUR TAXES
dc.subjectSULPHUR DIOXIDE
dc.subjectSULPHUR EMISSIONS
dc.subjectTAX BASE
dc.subjectTAX CREDITS
dc.subjectTAX POLICY
dc.subjectTAX RATE
dc.subjectTAX RATES
dc.subjectTAX REVENUE
dc.subjectTAX REVENUES
dc.subjectTIRES
dc.subjectTRADE BALANCE
dc.subjectTRANSPORT SERVICE
dc.subjectTRANSPORT SERVICES
dc.subjectTRUE
dc.subjectUTILITIES
dc.subjectWAGES
dc.subjectWELFARE EFFECTS
dc.titleThe Role of Revenue Recycling Schemes in Environmental Tax Selection : A General Equilibrium Analysisen
dspace.entity.typePublication
okr.crossref.titleThe Role Of Revenue Recycling Schemes In Environmental Tax Selection : A General Equilibrium Analysis
okr.date.doiregistration2025-04-10T10:42:45.408709Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/11/8666999/role-revenue-recycling-schemes-environmental-tax-selection-general-equilibrium-analysis
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeEnergy and Extractives
okr.guid967731468339559972
okr.identifier.doi10.1596/1813-9450-4388
okr.identifier.externaldocumentum000158349_20071109131916
okr.identifier.internaldocumentum8666999
okr.identifier.reportWPS4388
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/11/09/000158349_20071109131916/Rendered/PDF/wps4388.pdfen
okr.topicTaxation and Subsidies
okr.topicEnvironmental Economics and Policies
okr.topicTransport Economics Policy and Planning
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicEnergy::Energy Production and Transportation
okr.topicTransport
okr.topicEnvironment
okr.topicMacroeconomics and Economic Growth
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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