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Pré-publication, Document de travail Année : 2010

Environmental Policy and Public Debt Stabilization

Résumé

This article analyzes the consequences of environmental tax policy under public debt stabilization constraint. A public sector of pollution abatement is financed by a tax on pollutant emissions and/or by public debt. In the same time, households can also invest in private pollution abatement activities. We show that the economy may be characterized by an environmental-poverty trap if debt is too large or public abatement is not sufficiently efficient with respect to the private one. However, there exists a level of public abatement and debt for a stable steady state to be optimal.
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Dates et versions

halshs-00512789, version 1 (31-08-2010)

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  • HAL Id : halshs-00512789 , version 1

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Mouez Fodha, Thomas Seegmuller. Environmental Policy and Public Debt Stabilization. 2010. ⟨halshs-00512789⟩
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