GTAP Resources: Resource Display
| GTAP Resource #680 |
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"Water Right Fee and Green Tax Reform - A Computable General Equilibrium Analysis" by Chou, Chang-Erh, Chung-Huang Huang, Shih-Hsun Hsu, Ping Li and Chung-Min Tseng Abstract The purpose of this study is to use a single-country water resources CGE model, WATERGEM, to investigate the double dividend of imposing water right fee. WATERGEM is developed based on ORANI with a SAM data structure. The water resources considered in the model are tap water, surface water, and ground water. Water company is treated as a sector, surface water and ground water are treated as two primary inputs. The substitution among three water resources is also formulated. The green tax reform is getting its popularity in the advanced countries. Due to the environmental concerns, more and more environmental taxes have been levied. The collected environmental tax revenue could be used to reduce the distorted taxes. This generates two effects, improvement in environmental quality and reduction in distortion, known as double dividends. The water right fee is usually collected under the user pays principle to increase the efficiency of water use. We consider it as an environmentally-based tax. In this study, we investigate the double dividend effect by assuming the water right fee revenue could be used to deduct household income tax, corporate profit tax, and earmarking. The results of simulation show that the double dividend effect does exist, and the double dividend effect of the deduction in corporate profit tax is higher. In the meanwhile, the simulation results also show that water demand reduced when water right fee is imposed. |
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Public Access  GTAP Resource 680 (215.0 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instruction supplied |
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Last Modified: 9/15/2023 2:05:45 PM
