Is a Double Dividend Better than a Single Dividend?

Author: Lai, Yu-Bong

Source: Journal of Institutional and Theoretical Economics JITE, Volume 165, Number 2, June 2009 , pp. 342-363(22)

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Abstract:

It has been argued that the revenue-raising (RR) environmental policies are more efficient than the non-revenue-raising (NRR) policies because of the revenue-recycling effect. When the goal of the environmental protection is subject to the influence of interest groups, we find that the NRR policies may be more efficient than the RR policies. By endogenizing the goal of environmental protection, although the RR policies can exploit the revenue-recycling effect, they may result in a greater amount of pollution emission than the NRR policies, and thus give rise to a lower level of social welfare.

Document Type: Research article

DOI: http://dx.doi.org/10.1628/093245609789273286

Publication date: 2009-06-01

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Founded as Zeitschrift f�r die gesamte Staatswissenschaft in 1844.

As one of the oldest journals in the field of political economy, the Journal of Institutional and Theoretical Economics (JITE) deals traditionally with the problems of economics, social policy, and their legal framework. JITE is listed in the Journal of Economic Literature, the Social Science Citation Index, the International Bibliography of the Social Sciences, and COREJ.
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