IDEAS home Printed from https://ideas.repec.org/a/ags/jordng/290476.html
   My bibliography  Save this article

Economic Effects of Environmental Taxation on Chemical Fertilizers in Korea

Author

Listed:
  • Kim, Changgil
  • Stoecker, Arthur

Abstract

Environmental taxes as one of market-based instruments forces producers and consumers to consider the cost of negative externality in their economic decision. This paper analyzes the economic effects of environmental taxation on chemical fertilizers which is focused on effects of fertilizer consumption, rice yield, farmer's income, tax revenue from national economy aspect, enhancement of economic welfare through quality improvement of environment. The analytical results show that in order to achieve effective policy objective of the imposition of environment tax on chemical fertilizers very high tax rate is required due to inelastic demand of chemical fertilizer but it requires high cost burden on the part of farmers. This study provides an insight into the application of market-based instrument to achieve sustainable agricultural development.

Suggested Citation

  • Kim, Changgil & Stoecker, Arthur, 2007. "Economic Effects of Environmental Taxation on Chemical Fertilizers in Korea," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 30(2), May.
    • Handle: RePEc:ags:jordng:290476
    DOI: 10.22004/ag.econ.290476
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/290476/files/2007-30-1.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.290476?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Environmental Economics and Policy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jordng:290476. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/kreinkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.