Data and Code for: Measuring the Macroeconomic Impact of Carbon Taxes

Principal Investigator(s): View help for Principal Investigator(s) Gilbert E. Metcalf, Tufts University; James Stock, Harvard University. Department of Economics

Version: View help for Version V1

Name	File Type	Size	Last Modified
AERPP_results.xlsx	application/vnd.openxmlformats-officedocument.spreadsheetml.sheet	6.7 KB	08/03/2020 11:02:AM
EUctax_IRF_AERPP.do	text/x-stata-syntax	6.8 KB	08/04/2020 09:25:AM
EUctax_IRF_AERPP.txt	text/plain	233.3 KB	08/04/2020 09:26:AM
EUctax_IRF_AERPP_out_r1.do	text/x-stata-syntax	2.9 KB	08/04/2020 09:25:AM
ctax_gdp_AERPP.dta	application/x-stata	126.6 KB	08/04/2020 09:25:AM
readme_AERPP.txt	text/plain	818 bytes	08/04/2020 09:25:AM

Project Citation:

Metcalf, Gilbert E., and Stock, James. Data and Code for: Measuring the Macroeconomic Impact of Carbon Taxes. Nashville, TN: American Economic Association [publisher], 2020. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2020-09-23. https://doi.org/10.3886/E120535V1

Project Description

Summary: Policy makers often express concern about the impact of carbon taxes on employment or GDP. Using a new data set on carbon tax rates, we estimate the macroeconomic impacts of these taxes on GDP and employment growth rates for various specifications and samples. Our point estimates suggest a zero to modest positive impact on GDP and total employment growth rates. More importantly, we find no robust evidence of a negative effect of the tax on employment or GDP growth. For the European experience, at least, we find no support for the view that carbon taxes are job or growth killers.

Scope of Project

JEL Classification:
      E23 Macroeconomics: Production
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      H23 Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
      Q54 Climate; Natural Disasters and Their Management; Global Warming
      Q56 Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
      Q58 Environmental Economics: Government Policy

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Published Versions

V1 [2020-09-23]

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