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Mineral Taxation, Market Failure, and the Environment

Author

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  • Timothy R. Muzondo

    (International Monetary Fund)

Abstract

The environmental effects of mineral taxes are examined in a framework that recognizes the importance of rates and cumulative externalities. The appropriate corrective tax should be a combination of neutral taxes and a dynamic Pigovian tax. In practice, this combination tax, which resembles a specific tax plus an element that depends on the amount of remaining reserves, lets specific taxes act as proxies for environmental taxes. The paper also looks at complementarities and possible trade-offs between economic and environmental concerns that might follow from a reform of mineral taxes.

Suggested Citation

  • Timothy R. Muzondo, 1993. "Mineral Taxation, Market Failure, and the Environment," IMF Staff Papers, Palgrave Macmillan, vol. 40(1), pages 152-177, March.
    • Handle: RePEc:pal:imfstp:v:40:y:1993:i:1:p:152-177
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    Cited by:

    1. Voss, Achim & Schopf, Mark, 2021. "Lobbying over exhaustible-resource extraction," European Economic Review, Elsevier, vol. 135(C).
    2. Nicholas Z. Muller, 2014. "Air Pollution Damages from Offshore Energy Production," The Energy Journal, , vol. 35(4), pages 39-60, October.

    More about this item

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies

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