Climate policy and border tax adjustments: Might industrial organization matter?

Autores/as

  • Ian Sheldon Department of Agricultural, Environmental, and Development Economics, Ohio State University
  • Steve McCorriston Department of Economics, University of Exeter Business School

DOI:

https://doi.org/10.18381/eq.v9i2.146

Resumen

En este artículo se analiza el impacto de los ajustes de impuestos fronterizos sobre políticas públicas ambientales orientadas a las emisiones de carbón. Asimismo, se abordan temas de competitividad e industrias intensivas en energía.En comparación con la literatura relevante este trabajo se sitúa en un marco de un mercado integrado verticalmente bajo una estructura de oligopolio sucesivo. En particular, se muestra que un ajuste óptimo de impuestos fronterizos depende de las políticas ambientales locales, la naturaleza de la competencia entre las empresas proveedoras y compradores y de la forma cómo se defina la neutralidad de dicho ajuste. Los principales resultados de los ajustes de impuestos fronterizos son dos. Por un lado, si la neutralidad del comercio se define en términos de volumen de mercado, entonces la competitividad de las empresas domésticas no se puede mantener aunque las emisiones de carbón se reduzcan. Por el otro, si la neutralidad se define como la participación de mercado, entonces la competitividad se mantiene y las emisiones de carbón se reducen. En ambos casos se incurre en pérdidas sociales.

Descargas

Los datos de descargas todavía no están disponibles.

Citas

Abiru, M. (1988). “Vertical Integration, Variable Proportions and Successive Oligopolies,”

Journal of Industrial Economics 36 (3):315-325.

Azzam, A., Rosenbaum, D. (2001). “Differential Efficiency, Market Structure, and Price,” Applied Economics 33 (10): 1351-1357.

Barrett, S. (1994a). “Self-Enforcing International Environmental Agreements,” Oxford Economic Papers 46 (October): 878-894.

Barrett, S. (1994b). “Strategic Environmental Policy and International Trade,” Journal of Public Economics 54 (3): 325-338.

Bolle, F. (1992). “Supply Function Equilibria and the Danger of Collusion,” Energy Economics, 14 (2): 94-102.

Borenstein, S., Bushnell, J. (1999). “An Empirical Analysis of the Potential for Market Power in California’s Electricity Industry,” Journal of Industrial Economics 47 (3): 285-323.

Bulow, J. I.; Geanakopolos, J. D., Klemperer, P. D. (1985). “Multi-Market Oligopoly: Strategic Substitutes and Complements,” Journal of Political Economy 93 (3): 488-511.

Burniaux, J-M.; Martin, J. P., Oliveira-Martins, J. (1992). “Trade and the Effectiveness of Unilateral CO2 Abatement Policies: Evidence from GREEN,” OECD Economic Studies 19 (December):123-140.

Carraro, C., Siniscalco, D. (1993). “Strategies for the International Protection of the Environment,” Journal of Public Economics 52 (3): 309-328.

Conrad, K. (1993). “Taxes and Subsidies for Pollution-Intensive Industries as Trade Policy,” Journal of Environmental Economics and Management 25 (2): 121-135.

Conrad, K. (1996). “Optimal Environmental Policy for Oligopolistic Industries under Intra-Industry Trade,” in Carraro, C.; Katsoulacos, Y, Xepapadeas, A. (eds.), Environmental Policy and Market Structure, Dordrecht: Kluwer Academic Publishers: 65-83.

Copeland, B. R., Taylor, M. S. (2003). Trade and the Environment: Theory and Evidence, Princeton, NJ: Princeton University Press.

Copeland, B. R., Taylor, M. S. (2004). “Trade Growth and the Environment,” Journal of Economic Literature 42 (1): 7-71.

Demailly, P., Quirion, P. (2008). “European Emission Trading Scheme and Competitiveness: A Case Study on the Iron and Steel Industry,” Energy Economics 30 (4): 2009-2027.

Denicolo, V., Garella, P. G. (1999). “Market-Share Import Restraints in Oligopoly,” Review of International Economics 7 (4): 732-743.

Fowlie, M. (2009). “Incomplete Environmental Regulation, Imperfect Competition, and Emissions Leakage,” American Economic Journal: Economic Policy 1(2): 72-112.

Frankel, J. (2009). “Environmental Effects of International Trade,” A Report for the Swedish Globalization Council, Government of Sweden, mimeo, Boston, MA: Harvard University.

Gallet, C. A. (1996). “Mergers and Market Power in the US Steel Industry,” Applied Economics Letters 3 (4): 221-223.

Green, R. (1996). “Increasing Competition in the British Electricity Spot Market,” Journal of Industrial Economics 44 (2): 205-16.

Green, R., Newberry, D. (1992). “Competition in the British Electricity Spot Market,” Journal of Political Economy 100 (5): 929-953.

Hoel, M. (1992). “International Environment Conventions: The Case of Uniform Reductions of Emissions,” Environmental and Resource Economics 2 (2): 141-159.

Hoel, M. (1994). “Efficient Climate Policy in the Presence of Free Riders,” Journal of Environmental Economics and Management 27 (3): 259-274.

Hoel, M. (1996) “Should a Carbon Tax be differentiated Across Sectors,” Journal of Public Economics 59 (2): 17-32.

Horn, H., Mavroidis, P. C. (2010). “Border Carbon Adjustments and the WTO,” Working Paper, London: Centre for Economic Policy Research.

Houser, T.; Bradley, R.; Childs, B.; Werksman, J., Heilmayr, R. (2008). Leveling the Carbon Playing Field, Washington DC: Peterson Institute for International Economics, and World Resources Institute.

Ishikawa, J., Spencer, B. J. (1999). “Rent-Shifting Export Subsidies with an Imported Intermediate Product,” Journal of International Economics 48 (2): 199-232.

Karp, L. (2010). “Reflections on Carbon Leakage,” Working Paper, Berkeley, CA: Department of Agricultural and Resource Economics, University of California.

Kennedy, P. W. (1994). “Equilibrium Pollution Taxes in Open Economies with Imperfect Competition,” Journal of Environmental Economics and Management 27 (1): 49-63.

Leahy, D., Neary, J. P. (2001). “Robust Rules for Industrial Policy in Open Economies,” Journal of International Trade and Economic Development 10 (4): 393-409.

Lockwood, B.; de Meza, D., Myles. G. (1994). “When Are Origin and Destination Regimes Equivalent?” International Tax and Public Finance 1 (1): 5-24.

Lockwood, B.; Whalley, J. (2010) “Carbon-Motivated Border Tax Adjustments: Old Wine in Green Bottles?” The World Economy 33(6):810-819.

Mæstad, O. (1998). “On the Efficiency of Green Trade Policy,” Environmental and Resource Economics 11 (1): 1-18.

Markusen, J. R. (1975). “International Externalities and Optimal Tax Structures,” Journal of International Economics 5 (1) 15-29.

Mattoo, A.; Subramanian, A.; van der Mensbrugghe, D., He, J. (2009). “Reconciling Climate Change and Trade Policy.” CGD Working Paper, 189, Washington, D.C.: Center for Global Development.

McCorriston, S., Sheldon, I. M. (2005a). “Market Access and WTO Border Tax Adjustments for Environmental Excise Taxes under Imperfect Competition,” Journal of Public Economic Theory 7 (4): 579-592.

McCorriston, S., Sheldon, I. M. (2005b). “Export Competition and the Remission of Domestic Environmental Taxes,” International Tax and Public Finance 12 (5): 627-637.

Mei, B., Sun, C. (2008). “Assessing Time-Varying Oligopoly and Oligopsony Power in the U.S. Paper Industry,” Journal of Agricultural and Applied Economics 40 (3): 929-939.

Messerlin, P. A. (2012). “Climate and Trade Policies: From Mutual Destruction to Mutual Support,” World Trade Review 11 (1): 53-80.

Monjon, S., Quirion, P. (2010). “How to Design a Border Adjustment for the European Union Emissions Trading System?” Energy Policy 38 (9): 5199-5207.

Pauwelyn, J. (2007). “U.S. Federal Climate Policy and Competitiveness Concerns: The Limits and Options of International Trade Law,” Working Paper, 07-02, Durham, NC: Nicholas Institute for Environmental Policy Solutions, Duke University.

Perroni, C., Rutherford, T. F. (1993). “International Trade in Carbon Emission Rights and Basic Materials: General Equilibrium Calculations for 2020,” Scandinavian Journal of Economics 95 (3): 257-278.

Pezzey, J. (1992). “Analysis of Unilateral CO2 Control in the European Community and OECD,” The Energy Journal 13 (3): 159-171.

Ponssard, J. P., Walker, N. (2008). “EU Emissions and the Cement Sector: A Spatial Competition Analysis,” Climate Policy 8 (5): 467-493.

Poterba, J. M., Rotemberg, J. M. (1995). “Environmental Taxes on Intermediate and Final Goods When Both Can Be Imported,” International Tax and Public Finance 2 (2): 221-228.

Ritz, R. A. (2009). “Carbon Leakage under Incomplete Environmental Regulation: An Industry-Level Approach,” Discussion Paper Series, No. 461, Oxford: Department of Economics, University of Oxford.

Salinger, M. A. (1988). “Vertical Mergers and Market Foreclosure,” Quarterly Journal of Economics 103 (2): 345-356.

Sleuwaegen, L.; Belderbos, R., Jie-A-Joen, C. (1998). “Cascading Contingent Protection and Vertical Market Structure,” International Journal of Industrial Organization 16 (6): 697-718.

Stavins, R. N. (1998). “What Can We Learn from the Grand Policy Experiment? Lessons from SO2 Allowance Trading,” Journal of Economic Perspectives 12 (3): 69- 88.

Stavins, R. N. (2003). “Experience with Market-Based Environmental Policy Instruments,” in Mäler, K. G.; Vincent, J. R. (eds.), Handbook of Environmental Economics Volume 1, Amsterdam: North Holland: 355-435.

Taylor, M. S. (2004). “Unbundling the Pollution Haven Hypothesis,” Advances in Economic Policy and Analysis 4 (2): Article 8.

Ventosa, M.; Baillo, A.; Ramos, A., Rivier, M. (2005). “Electricity Market Modeling

Trends,” Energy Policy 33 (7): 897-913.

Weitzman, M. L. (1974). “Prices vs. Quantities,” Review of Economic Studies 41 (4): 477-491.

WTO. (1997) “Taxes and Charges for Environmental Purposes-Border Tax Adjustments, Committee on Trade and the Environment,” WT/CTE/W/47, Geneva: World Trade Organization.

WTO/UNEP (2009). Trade and Climate Change, Geneva: WTO Secretariat.

Yang, S-P. (2001). “Measuring Market Power in the U.S. Aluminum Industry: A Residual Demand Approach,” Review of Industrial Organization 19 (3): 365-380.

Descargas

Publicado

2012-12-17

Cómo citar

Sheldon, I., & McCorriston, S. (2012). Climate policy and border tax adjustments: Might industrial organization matter?. EconoQuantum, 9(2), 7–28. https://doi.org/10.18381/eq.v9i2.146

Métrica