Publication Type : Journal Article
Publisher : Environmental and Resource Economics
Source : Environmental and Resource Economics, vol. 8, pp. 449–459, 1996
Url : https://doi.org/10.1007/BF00357413
Keywords : fiscal federalism, global externalities, international carbon tax, national pollution taxes
Campus : Amritapuri
School : School of Economics
Center : Amrita Center for Economics & Governance (ACEG)
Department : Department of Economics
Year : 1996
Abstract : This paper finds that optimal international carbon taxes are country specific and we can decompose a tax on a domestically produced carbon-intensive commodity into a revenue tax, a tax to control local atmospheric pollution and an international carbon tax. It shows that an institutional arrangement for the world economy similar to the fiscal federalism in the federal countries can be useful to internalize the global externalities of atmospheric pollution.
Cite this Research Publication : Maddipati Narsimha Murty, “Fiscal federalism approach for controlling global environmental pollution”, Environmental and Resource Economics, vol. 8, pp. 449–459, 1996