The main objective of this paper is to determine whether ecological tax reform paradigm that hitherto is employed by a section of industrialized countries as an instrument of environmental management has possibilities of application in developing countries. This is an imperative consideration because of possibilities of diffusion, the need to approach global environmental issues from a global p...

This paper studies an international tax policy design problem by employing a two-country dynamic general equilibrium model with incomplete asset markets. We investigate the possibility of welfareimproving active tax policies, in particular capital and labor income tax, under the non-cooperative Nash equilibrium and the cooperative equilibrium. Unlike the conventional wisdom regarding stabilizat...

The recent series of papers by Bovemberg, Goulder, Parry and others argue that the double dividend is unlikely to exist because of second-best problems. They argue that the imposition of environmental tax in an economy already distorted by income taxes will further distort the economy by reducing incentives to supply labor. Our paper argues that this is not likely to be the case because of the ...

The log export policy suggestion by Dumont and Wright (2006) is critically assessed in an effort to determine if it is based on economic efficiency. The optimal log export policy for British Columbia is derived using two different models. The first model assumes that B.C. is a small open economy, and the second is a two country model that provides B.C. the opportunity to improve its terms of tr...

We analyze the impact of tax progression on optimal investment policy and its value by first demonstrating that optimal investment policy maximizes the value of the firm and the rate at which it is growing as a function of operating capital stock. Then we show that three possible optimal regimes arise depending on the nature of tax policy. If the exogenously given progression threshold lies bet...

abstract management of water resources in iran is faced with growing demand for water resources, a considerable increase in the costs of supplying additional water and uncontrolled exploitation of underground waters. economists suggest water pricing to improve water use efficiency; however, government tends to reject that advice due to political risk, economic and cultural concerns. we used a p...