Environmental tax and global income inequality: A method of moments quantile regression analysis
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Date
2023
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Cogent Business & Management
Abstract
Even though Environmental tax policy impacts inequality theoretically,
empirical studies remain scanty not only in the context of volumes and the estimation approaches but are also focused on selected advanced countries, communities, households, and emerging countries, the neglect of the global or big picture
effect, which is essential for measuring the overall effect of the collective and
individual country-concerted efforts in addressing this global cancer. We provide
empirical evidence in the global context using the novel method of moments
quantile regression. We found that Income Inequality across the globe is sharply
reduced by restrictive environmental tax policy, a finding that has ramifications for
global sustainable development, particularly in dealing with the ravaging effects of
Covid-19.
Description
Research Article
Keywords
Global Inequality, Environmental Tax, Income level