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Sons, Daughters, and Labor Supply in Early Twentieth-Century Hawaii

Author

Listed:
  • Timothy Halliday

    (Department of Economics, University of Hawaii at Manoa)

  • Sumner La Croix

    (Department of Economics, University of Hawaii at Manoa)

Abstract

We examine the welfare consequence of emissions tax with and without a Border Tax Adjustment for an imperfectly competitive industry, where intra-industry trade arises between countries. BTA allows a government to impose a pollution-content tariff on imports and refund an emission tax for export sales. We analyze the structure of an optimal emission tax with BTA when a government chooses its emission tax rate to maximize its national welfare. We show that the optimal emission tax policy with BTA achieves greater national welfare and higher environmental quality than the optimal policy without BTA.

Suggested Citation

  • Timothy Halliday & Sumner La Croix, 2013. "Sons, Daughters, and Labor Supply in Early Twentieth-Century Hawaii," Working Papers 201318, University of Hawaii at Manoa, Department of Economics.
    • Handle: RePEc:hai:wpaper:201318
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    File URL: http://www.economics.hawaii.edu/research/workingpapers/WP_13-18.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    trade and environment; border tax adjustment; intra-industry trade;
    All these keywords.

    JEL classification:

    • F18 - International Economics - - Trade - - - Trade and Environment
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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