|
|
|
|
|
| Bae, Jeong Hwan; Shortle, James S.. |
| This research explores the welfare consequences of substituting carbon taxes for conventional distortionary taxes in a small open economy, using Pennsylvania as case study. A computable general equilibrium (CGE) model is developed for Pennsylvania to simulate possible outcomes when carbon taxes are substituted for conventional taxes. Consumer welfare impacts from environmental tax reform are conventionally decomposed into three effects: the Pigouvian effect, the tax revenue recycling effect, and the tax interaction effects. The Pigouvian effect is a welfare gain from reducing environmental externalities. The tax revenue effect is a welfare gain from reduced distortion in factor and commodity markets that results from the substitution of the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2005 |
URL: http://purl.umn.edu/19165 |
| |
|
|
| Bae, Jeong Hwan; Shields, Martin; Stokes, Jeffrey R.. |
| U.S. banking markets have undergone important structural and institutional changes. Overall, the sector has experienced steady consolidation through mergers and acquisitions that have resulted in fewer banks holding a greater value of the total assets. Despite consolidation, new branch offices and the growth of alternative providers has increased the access to banking-type services. This paper documents and describes trends in the banking industry in Pennsylvania, with special emphasis on rural areas. The first section shows that while the number of "bricks and mortar" offices in the state's rural counties has grown, the distribution of the growth has been quite uneven. As a result, access has potentially declined for some of the state's rural... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Financial Economics. |
| Ano: 2004 |
URL: http://purl.umn.edu/20083 |
| |
|
|
|
