Environmental Policy and Capital Movements: The Role of Government Commitment

Research, Preprint OPEN
Marsiliani, Laura; Renström, Thomas I.;
  • Publisher: Milano: Fondazione Eni Enrico Mattei (FEEM)
  • Subject: human capital | Kleine offene Volkswirtschaft | F20 | H21 | time consistency | H23 | political economy | capital movements; environmental policy; human capital; income inequality; politico-economic equilibrium; time-inconsistent fiscal policy | Steuerpolitik | Umweltpolitik | Environmental policy, international capital movements, time consistency, inequality, political economy, human capital | inequality | Kapitalmobilität | Environmental policy | international capital movements | Einkommensverteilung | Theorie
    • jel: jel:F20 | jel:H21 | jel:H23
      ddc: ddc:330

This paper explores the relationship between environmental protection and international capital movements, when tax policy is endogenous (through voting). A two-period general equilibrium model of a small open economy is specified to compare the effects of two different... View more
  • References (4)

    Persson, Torsten, and Guido Tabellini (1994). "Representative Democracy and Capital Taxation." Journal of Public Economics, 55:53-70.

    Rauscher, Michael (1995). "Environmental Policy and International Capital Movements." in Karl-Göran Mäler (ed.), International Environmental Problems: An Economic Perspective, Amsterdam: Kluwer.

    Rauscher, Michael, (1997). International Trade, Factor Movements and the Environment, Oxford University Press, Clarendon Press.

    Sandmo, Agnar (1975). "Optimal Taxation in the Presence of Externalities." Swedish Journal of Economics 77:86-98.

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