Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.02.037 |
A lower vat rate on electricity in Portugal: Towards a cleaner environment, better economic performance, and less inequality | |
Pereira, Alfredo Marvao; Pereira, Rui Manuel | |
2018-06-01 | |
发表期刊 | ENERGY POLICY
![]() |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2018 |
卷号 | 117页码:1-13 |
文章类型 | Article |
语种 | 英语 |
国家 | USA |
英文摘要 | This article addresses the budgetary, economic, distributional and environmental impact of increasing the VAT on electricity in Portugal. The analysis is carried out in the context of a new multi-sector, multi-household, dynamic general equilibrium model. Simulation results suggest that a permanent increase from 6% to 23% improves the public budget and, albeit marginally, CO2 emissions, but it leads to detrimental economic and distributional effects. As the economy in Portugal begins to recover after the Great Financial Crisis, and the budgetary situation becomes less constraining, pressure is mounting for this VAT increase to be reversed. This mixed bag of results is an important element for the debate. Reverting to a lower VAT is desirable, as it would improve economic performance and have positive distributional effects. The question is how to compensate for the loss of tax revenues. To offset the adverse budgetary effects of a lower VAT, we consider several revenue raising strategies. Our simulation results suggest that an offsetting increase in either the general VAT tax rate or the tax on petroleum products would yield more favorable effects from all relevant perspectives - economic, distributional, and environmental while mostly keeping intact the budgetary benefits. |
英文关键词 | Value-Added Tax on Electricity Tax on Petroleum Products Macroeconomic Effects Distributional Effects Environmental Effects Portugal |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000431932600001 |
WOS关键词 | FOSSIL-FUEL PRICES ; TAXATION ; ENERGY ; POLICY ; TAX |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/16883 |
专题 | 气候变化 |
作者单位 | Coll William & Mary, Dept Econ, Williamsburg, VA 23187 USA |
推荐引用方式 GB/T 7714 | Pereira, Alfredo Marvao,Pereira, Rui Manuel. A lower vat rate on electricity in Portugal: Towards a cleaner environment, better economic performance, and less inequality[J]. ENERGY POLICY,2018,117:1-13. |
APA | Pereira, Alfredo Marvao,&Pereira, Rui Manuel.(2018).A lower vat rate on electricity in Portugal: Towards a cleaner environment, better economic performance, and less inequality.ENERGY POLICY,117,1-13. |
MLA | Pereira, Alfredo Marvao,et al."A lower vat rate on electricity in Portugal: Towards a cleaner environment, better economic performance, and less inequality".ENERGY POLICY 117(2018):1-13. |
条目包含的文件 | 条目无相关文件。 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论