000012066 001__ 12066
000012066 005__ 20180122194550.0
000012066 037__ $$a825-2016-55028
000012066 041__ $$aen
000012066 245__ $$aPigou's Dividend versus Ramsey's Dividend in the Double Dividend Literature
000012066 260__ $$c2006
000012066 269__ $$a2006
000012066 300__ $$a39
000012066 336__ $$aWorking or Discussion Paper
000012066 446__ $$aEnglish
000012066 490__ $$aCCMP Nota di Lavoro 85.2006
000012066 520__ $$aThis paper deals with the welfare analysis of green tax reforms. The aims of this paper are to highlight misinterpretations of policy assessments in the double dividend literature, to specify which of the efficiency costs and benefits should be ascribed to each dividend, and then, to propose a definition for the first dividend and the second dividend. We found the Pigou’s dividend more appropriate for policy guidance, in contrast to the Ramsey’s dividend usually found in mainstream literature. Therefore, we take up some authors’ recent claims about the need of unambiguous and operative definitions of these dividends both for empirical purposes, and political advice. Finally, the paper analyzes a green tax reform for the US economy to illustrate the advantages of our definitions for policy assessment. The new definitions proposed in this paper i) overcome some shortcoming of the mainstream current definitions in the literature regarding overestimation of the efficiency costs; and, ii) provide information by themselves and not as a partial view of the whole picture.
000012066 650__ $$aEnvironmental Economics and Policy
000012066 700__ $$aGimenez, Eduardo L.
000012066 700__ $$aRodriguez, Miguel
000012066 8564_ $$s457787$$uhttp://ageconsearch.umn.edu/record/12066/files/wp060085.pdf
000012066 887__ $$ahttp://purl.umn.edu/12066
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  Previous issue date: 2006
000012066 982__ $$gFondazione Eni Enrico Mattei (FEEM)>Climate Change Modelling and Policy Working Papers
000012066 980__ $$a825