Is Environmental Tax Harmonization Desirable in Global Value Chains?

Haitao Cheng, Hayato Kato, Ayako Obashi

研究成果: Article査読

9 被引用数 (Scopus)

抄録

The spatial unbundling of parts production and assembly currently characterizes globalization, leading to the worldwide dispersion of pollution. We consider socially optimal (cooperative) environmental taxes in a two-country model of global value chains in which the location of both parts and assembly can differ. When unbundling costs are so high that parts and assembly must colocate in the pre-globalized world, pollution is spatially concentrated, and harmonizing environmental taxes maximizes global welfare. In contrast, with low unbundling costs triggering the dispersion of parts and thus pollution throughout the world as today, harmonization fails to maximize global welfare. Similar results hold when the two countries non-cooperatively choose their environmental taxes.

本文言語English
ページ(範囲)379-416
ページ数38
ジャーナルB.E. Journal of Economic Analysis and Policy
21
1
DOI
出版ステータスPublished - 2021 1月 1
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学
  • 経済学、計量経済学および金融学(その他)

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