Is Environmental Tax Harmonization Desirable in Global Value Chains?

• Cheng, Haitao

• Kato, Hayato

• Obashi, Ayako

抄録

Cheng, Haitao, Kato, Hayato and Obashi, Ayako. "Is Environmental Tax Harmonization Desirable in Global Value Chains?" The B.E. Journal of Economic Analysis & Policy, vol. 21, no. 1, 2021, pp. 379-416. https://doi.org/10.1515/bejeap-2019-0346.

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.

収録刊行物

• The B.E. Journal of Economic Analysis and Policy

  The B.E. Journal of Economic Analysis and Policy 21 (1), 379-416, 2020-08-08

  De Gruyter

キーワード

• environmental policy
• fragmentation
• emission tax competition
• international coordination
• trade in parts and components

詳細情報

• CRID: 1050299693924218880
• NII論文ID: 120007042098
• DOI: 10.1515/bejeap-2019-0346
• ISSN: 19351682
• ISSN: 21946108
• HANDLE: 11094/81780
• Web Site: https://www.degruyter.com/view/journals/bejeap/ahead-of-print/article-10.1515-bejeap-2019-0346/article-10.1515-bejeap-2019-0346.xml
• Web Site: https://www.degruyter.com/document/doi/10.1515/bejeap-2019-0346/xml
• Web Site: https://www.degruyter.com/document/doi/10.1515/bejeap-2019-0346/pdf
• 本文言語コード: en
• 資料種別: journal article
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