Growth and non-renewable resources: The different roles of capital and resource taxes

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Standard

Growth and non-renewable resources : The different roles of capital and resource taxes. / Groth, Christian; Schou, Poul.

I: Journal of Environmental Economics and Management, Bind 53, Nr. 1, 2007, s. 80-98.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Groth, C & Schou, P 2007, 'Growth and non-renewable resources: The different roles of capital and resource taxes', Journal of Environmental Economics and Management, bind 53, nr. 1, s. 80-98. https://doi.org/10.1016/j.jeem.2006.07.004

APA

Groth, C., & Schou, P. (2007). Growth and non-renewable resources: The different roles of capital and resource taxes. Journal of Environmental Economics and Management, 53(1), 80-98. https://doi.org/10.1016/j.jeem.2006.07.004

Vancouver

Groth C, Schou P. Growth and non-renewable resources: The different roles of capital and resource taxes. Journal of Environmental Economics and Management. 2007;53(1):80-98. https://doi.org/10.1016/j.jeem.2006.07.004

Author

Groth, Christian ; Schou, Poul. / Growth and non-renewable resources : The different roles of capital and resource taxes. I: Journal of Environmental Economics and Management. 2007 ; Bind 53, Nr. 1. s. 80-98.

Bibtex

@article{da313b30718911dcbee902004c4f4f50,
title = "Growth and non-renewable resources: The different roles of capital and resource taxes",
abstract = "We contrast effects of taxing non-renewable resources with the effects of traditional capital taxes and investment subsidies in an endogenous growth model. In a simple framework we demonstrate that when non-renewable resources are a necessary input in the sector where growth is ultimately generated, interest income taxes and investment subsidies can no longer affect the long-run growth rate, whereas resource tax instruments are decisive for growth. The results stand out both against observations in the literature from the 1970's on non-renewable resources and taxation-observations which were not based on general equilibrium considerations-and against the general view in the newer literature on taxes and endogenous growth which ignores the role of non-renewable resources in the {"}growth engine{"}",
keywords = "Faculty of Social Sciences, non-renewable resources, endogenous growth, capital taxation, carbon taxes, climate change, optimal taxation",
author = "Christian Groth and Poul Schou",
note = "JEL classification: H2, O4, Q3",
year = "2007",
doi = "10.1016/j.jeem.2006.07.004",
language = "English",
volume = "53",
pages = "80--98",
journal = "Journal of Environmental Economics and Management",
issn = "0095-0696",
publisher = "Academic Press",
number = "1",

}

RIS

TY - JOUR

T1 - Growth and non-renewable resources

T2 - The different roles of capital and resource taxes

AU - Groth, Christian

AU - Schou, Poul

N1 - JEL classification: H2, O4, Q3

PY - 2007

Y1 - 2007

N2 - We contrast effects of taxing non-renewable resources with the effects of traditional capital taxes and investment subsidies in an endogenous growth model. In a simple framework we demonstrate that when non-renewable resources are a necessary input in the sector where growth is ultimately generated, interest income taxes and investment subsidies can no longer affect the long-run growth rate, whereas resource tax instruments are decisive for growth. The results stand out both against observations in the literature from the 1970's on non-renewable resources and taxation-observations which were not based on general equilibrium considerations-and against the general view in the newer literature on taxes and endogenous growth which ignores the role of non-renewable resources in the "growth engine"

AB - We contrast effects of taxing non-renewable resources with the effects of traditional capital taxes and investment subsidies in an endogenous growth model. In a simple framework we demonstrate that when non-renewable resources are a necessary input in the sector where growth is ultimately generated, interest income taxes and investment subsidies can no longer affect the long-run growth rate, whereas resource tax instruments are decisive for growth. The results stand out both against observations in the literature from the 1970's on non-renewable resources and taxation-observations which were not based on general equilibrium considerations-and against the general view in the newer literature on taxes and endogenous growth which ignores the role of non-renewable resources in the "growth engine"

KW - Faculty of Social Sciences

KW - non-renewable resources

KW - endogenous growth

KW - capital taxation

KW - carbon taxes

KW - climate change

KW - optimal taxation

U2 - 10.1016/j.jeem.2006.07.004

DO - 10.1016/j.jeem.2006.07.004

M3 - Journal article

VL - 53

SP - 80

EP - 98

JO - Journal of Environmental Economics and Management

JF - Journal of Environmental Economics and Management

SN - 0095-0696

IS - 1

ER -

ID: 1208665