Environmental Fiscal Reform and the Possibility of Triple Dividend in European and Non-European Countries: Evidence From a Meta-Regression Analysis

Maxim, Maruf

Environmental Fiscal Reform and the Possibility of Triple Dividend in European and Non-European Countries: Evidence From a Meta-Regression Analysis

MAXIM, M. R. 2020. Environmental fiscal reform and the possibility of triple dividend in European and non-European countries: evidence from a meta-regression analysis. Environmental Economics and Policy Studies, 1-24.

31 Pages Posted: 1 Jun 2020

See all articles by Maruf Maxim

Maruf Maxim

Charles Darwin University

Date Written: March 14, 2020

Abstract

We present a synthesis of simulation studies concerning green tax reform (GTR) in European and non-European countries. The GTR performance is analysed in a triple dividend (TD) context including the reduction of carbon dioxide (CO2) emissions (first dividend), increased GDP (second dividend), and higher employment (third dividend). Our findings are fourfold: (i) there is high TD potential, with stronger evidence for second and third dividends in European countries; (ii) a reduction in labour tax is the most potent GTR policy measure to entail TD; (iii) TD evidence is stronger when mixed tax and tax recycle policies are employed; (iv) taxes based on CO2 emissions exhibit the highest TD potential.

Keywords: Green tax reform, Triple dividend, Meta-analysis

JEL Classification: H23, O44, Q58

Suggested Citation: Suggested Citation

Maxim, Maruf, Environmental Fiscal Reform and the Possibility of Triple Dividend in European and Non-European Countries: Evidence From a Meta-Regression Analysis (March 14, 2020). MAXIM, M. R. 2020. Environmental fiscal reform and the possibility of triple dividend in European and non-European countries: evidence from a meta-regression analysis. Environmental Economics and Policy Studies, 1-24., Available at SSRN: https://ssrn.com/abstract=3591165