Abstract

http://ssrn.com/abstract=2346598
 


 



Environmental Taxation for a Sustainable Future: Perspectives from Environmental Macroeconomics


Seck Tan


Lee Kuan Yew School of Public Policy

Dodo Jesuthason Thampapillai


Lee Kuan Yew School of Public Policy

October 25, 2013

Lee Kuan Yew School of Public Policy Research Paper No. 13-19

Abstract:     
The aim of this paper is to demonstrate the significant differences that would emerge in policy formulation, when environmental capital is explicitly accounted for in macroeconomic analyses. These differences are illustrated with reference to the Australian economy. The main analytic frameworks considered are the aggregate demand and supply framework and the factor utilisation function – which traditionally deals with labour and manufactured capital. The development of a three-factor utilisation function in terms of labour, manufactured capital, and environmental capital enables the display of mistaken notions of economic performance. That is in the absence of environmental capital; policy makers over-state the performance of labour and manufactured capital. As illustrated in the paper, the implication of developing and applying environmental-macroeconomics framework for formulating sustainable development policies is significant.

Number of Pages in PDF File: 17

Keywords: Macroeconomics, Aggregate Factor Income Distribution, Fiscal Policy, Environment and Development, Sustainability

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Date posted: October 30, 2013  

Suggested Citation

Tan, Seck and Thampapillai, Dodo Jesuthason, Environmental Taxation for a Sustainable Future: Perspectives from Environmental Macroeconomics (October 25, 2013). Lee Kuan Yew School of Public Policy Research Paper No. 13-19. Available at SSRN: http://ssrn.com/abstract=2346598 or http://dx.doi.org/10.2139/ssrn.2346598

Contact Information

Seck Tan (Contact Author)
Lee Kuan Yew School of Public Policy ( email )
469C Bukit Timah Road
Oei Tiong Ham Building
Singapore, Singapore 259772
Singapore
HOME PAGE: http://lkyspp.nus.edu.sg/faculty/seck-tan/
Dodo Jesuthason Thampapillai
Lee Kuan Yew School of Public Policy ( email )
Singapore 117591
Singapore
+6565164844 (Phone)
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