초록

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Abstract ▼ AI-Helper

This study analyzes the effects of carbon taxation and emission trading system on current S. Korean economy. It is assumed that under the carbon taxation, an amount of money equal to the carbon tax flows into the private sector from the government through government expenditure and under the emissio...

This study analyzes the effects of carbon taxation and emission trading system on current S. Korean economy. It is assumed that under the carbon taxation, an amount of money equal to the carbon tax flows into the private sector from the government through government expenditure and under the emission trading, an amount of money equal to the value of emission permits flows from the demand sector for the permit to the supply sector of the permit through the emission trading system. Therefore, this study compares the differing effects of the two different policy mechanisms. Empirical results show that the emission trading provides more favorable effects to the economy than the carbon taxation does. And, the productions and exports of industry are larger under the emission trading than those under the carbon taxation.

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