Fiscal Control of Pollution

1. Front Matter

   Pages i-xxvi

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2. Introduction

   • Rajat Verma

   Pages 1-38

3. International Experiences of Ecotaxes: A Few Lessons

   • Rajat Verma

   Pages 39-74

4. Environmental Regulations in India

   • Rajat Verma

   Pages 75-129

5. Designing Ecotaxes in India: An Environmentally Extended Social Accounting Matrix (E-SAM)

   • Rajat Verma

   Pages 131-166

6. Analysis of Incidence Through E-SAM

   • Rajat Verma

   Pages 167-187

7. Double-Dividend Hypothesis and Competitiveness: A Critical Examination

   • Rajat Verma

   Pages 189-218

8. Summary and Conclusions

   • Rajat Verma

   Pages 219-240

9. Back Matter

   Pages 241-314

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This volume analyses the process and structure of ecotaxes in India to bring forth its rationale, application and incidence on emerging environmental problems on the backdrop of the environmental issues confronted by the Indian economy. Being at infant stage in India, the concept of ecotaxes is plagued with large empirical difficulties. This book provides a holistic understanding of the complexities in the design and implementation of these fiscal instruments at the country level. After elaborating on the theory, history of its applications, the book provides an innovative methodological exercise. It examines the adequacy and relevance of ecotaxation in the Indian context, along with ensuring that the distortions due to the proposed levy are minimised. The incidence of these taxes on the households, the double dividend hypothesis and the effect on competitiveness of the producer are a few of the core themes elaborated upon in this book. This is demonstrated through a linear general equilibrium framework of Environmentally extended Social Accounting Matrix (E-SAM).

The book provides material for the researchers and graduate students on the methodological structure of eco-taxes. The proposed methodological intervention could be utilised by the researchers who wish to analyse the macroeconomic impact of any tax through the framework of Social Accounting Matrix (SAM). Additionally, the process as well as the implications and nuances provided in the book will assist the policy makers to design innovative policies for dealing with environmental issues. The volume also has something for the practitioners by helping them comprehend various effects of these instruments on different stake holders of the economy and thus will be useful as a policy prescription. The three policy scenarios analysed in this study could be considered by the policymakers while attempting to design these instruments in the Indian context and thus ending the extensive reliance on the age oldand grossly ineffective Command and Control (CAC) Policies.

• Ecotaxes
• Environmental Taxes
• Green Taxes
• Social Accounting Matrix (SAM)
• Environmental Fiscal Instruments
• Incidence of Taxes
• Double Dividend Hypothesis

• School of Economics, Narsee Monjee Institute of Management Studies, Bengaluru, India

  Rajat Verma

Rajat Verma is presently the Chairperson of the School of Economics at NMIMS-Bengaluru Campus. Prior to joining NMIMS he taught in Bengaluru Dr. B. R. Ambedkar School of economics (BASE). He has also taught several courses in the discipline of Economics in various colleges of the University of Delhi from 2011-2013. He pursued his Ph. D. in Economics with a specialization in Environmental Economics from the Institute of Social and Economic Change, Bangalore. Dr. Verma has published innovative research papers on the topic of environmental taxes and has also published in the field of international trade. He specializes in Social Accounting Matrix based analysis and has research interests in areas of environmental economics, public finance and international trade.

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