Environmental tax and productivity in a subcentral context: new findings on the Porter hypothesis

• Autores: Jaime Vallés Giménez, Anabel Zárate Marco
• Localización: Notas técnicas: [continuación de Documentos de Trabajo FUNCAS], ISSN-e 1988-8767, Nº. 629, 2011
• Idioma: inglés
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• Resumen

  • This paper study, for the first time, the effects of Spanish regional environmental taxes on efficiency gains and the growth of the regions. To this end, we have adapted the multifactor productivity model proposed by Jorgenson and Wilcoxen (1990), Nicoletti and Scarpetta (2003), De Vries and Withagen (2005), and Loayza et al. (2005) to the context of the Spanish regions, and we have estimated a dynamic panel-data model for the period 1989-2001 that reflects the effects of environmental taxation and regulation separately.

    The results provides further empirical evidence in favour of the Porter hypothesis, to the extent that a strict environmental policy implemented via green taxes rather than regulation may raise productivity, which may be because they drive organizational and technological change in firms seeking to reduce their tax payments.