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Fiscal Policy and Environmental Welfare - Modelling Interjurisdictional Competition (Hardcover)
Loot Price: R2,849
Discovery Miles 28 490
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Fiscal Policy and Environmental Welfare - Modelling Interjurisdictional Competition (Hardcover)
Series: New Horizons in Environmental Economics series
Expected to ship within 12 - 17 working days
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In this innovative book the author examines the link between
environmental, trade and industrial policies within an
interregional setting. He models how regional governments, using
tax rates on real capital and pollutant emissions, determine
policies to favour their residents in terms of the provision of
public goods and reduction in environmental degradation.Regions or
countries engage in competition for mobile capital in a world where
production causes pollution and tax revenues are required to
finance public goods. In Fiscal Policy and Environmental Welfare
the author considers the efficiency consequences when governments
act strategically and seek to manage trade, capital flows and
emissions. Using formal models, which extend and modify existing
literature, the author demonstrates that interjurisdictional
competition typically leads to inefficiencies. He argues that
although interjurisdictional competition may lead to the
overprovision of public goods and to an inefficiently high
environmental quality, often the opposite seems to occur. This book
will be welcomed by environmental economists, and those scholars
interested in welfare and fiscal policy.
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