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| Jiang, Tingsong. |
| Along with the rapid economic growth since China undertook economic reform in 1978, the income gap among Chinese regions has widened. Using CERD, a computable general equilibrium model of the Chinese economy with regional details, this paper investigates the impact of China’s accession to the World Trade Organisation on regional development and finds that, although all regions will gain from the accession, the trend of a widening gap among regions will be reinforced rather than eased. Specifically, the eastern coastal region gains more than the inland regions. The result is robust no matter whether the change in trade balance is left free or fixed, although the scenario with zero change in the trade balance generates a lower overall welfare gain and an... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2003 |
URL: http://purl.umn.edu/57900 |
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| Jiang, Tingsong. |
| One approach to internalising a negative externality of economic activity is to impose a Pigouvian tax equal to the marginal cost of the externality. However, this approach overlooks the possibility that the tax revenue can be earmarked to correct the externality directly, i.e. financing the environmental protection projects. It is found that a pure Pigouvian tax is usually not an optimal policy. This issue is examined in both partial and general equilibrium, static and dynamic settings. Certain conditions for justifying a pure Pigouvian tax or a fully earmarked tax scheme are developed. |
| Tipo: Journal Article |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2001 |
URL: http://purl.umn.edu/117732 |
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