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  4. BC3 Seminars: Prof. Dr. Christoph Böhringer - November 27th

Klimagune Summer School Training Caravan Seminars UPV BC3

BC3 Seminars: Prof. Dr. Christoph Böhringer - November 27th


Seminar / Mintegia / Seminario

Vertical Fiscal Externalities and the Environment

Lecturer:
Prof. Dr. Christoph Böhringer (Chair of Economic Policy Department of Economics, University of Oldenburg)


Abstract:

We show that imposition of a state-level environmental tax in a federation crowds out preexisting federal taxes. We explain how this vertical fiscal externality can lead unilateral state-level environmental policy to generate a welfare gain in the implementing state, at the expense of other states. Using a computable general equilibrium model of the Canadian federation, we show that vertical fiscal externalities can be the major determinant of the welfare change following environmental policy implementation by a state government. Our numerical simulations indicate that - as a consequence of vertical fiscal externalities - state governments can reduce greenhouse gas emissions by over 20 percent without any net cost to themselves.

 


 


 

 


 

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If you are interested in attending the Seminar, please register yourself clicking here

27th November, 12:00-13:00 BC3 offices 

* The Seminar will be in English. / Mintegia ingelesez burutuko da. / El seminario se realizará en inglés.

 







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