General equilibrium incidence of energy taxation
The pervasiveness of energy in the economy and the numerous ways in which energy taxation can distort resource allocations implies the necessity of a general equilibrium approach to the question of energy tax incidence. The author presents a general equilibrium model that accounts for domestic energy production and energy imports, direct energy consumption and use of energy as an intermediate good, and production of energy intensive and nonenergy intensive goods. He examines the incidence of three broadly-based energy taxation policies: a tax on all energy consumption, a subsidy to domestic energy production, and a tariff on energy imports. The subsidy, although not a revenue raising measure, is included because, like the other policies, it acts to reduce energy imports. Such a measure may be of interest by reducing reliance on unstable foreign sources of supply. 12 references, 3 tables.
- Research Organization:
- Univ. of Iowa, Iowa City
- OSTI ID:
- 5704743
- Journal Information:
- South. Econ. J.; (United States), Vol. 51:4
- Country of Publication:
- United States
- Language:
- English
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General-equilibrium analysis of U. S. energy policies
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Related Subjects
POLICY AND ECONOMY
ENERGY CONSUMPTION
TAXES
ENERGY SOURCE DEVELOPMENT
SUBSIDIES
RESOURCE DEVELOPMENT
ECONOMIC IMPACT
IMPORTS
MATHEMATICAL MODELS
TARIFFS
FINANCIAL INCENTIVES
290200* - Energy Planning & Policy- Economics & Sociology
292000 - Energy Planning & Policy- Supply
Demand & Forecasting
298000 - Energy Planning & Policy- Consumption & Utilization