I. INTRODUCTION……………………………………………………………………1
II. THE DYNAMIC CGE MODEL…………………………………………………3
1. Basic features……………………………………………………………3
2. Structure of the model……………………………………………………5
3. Emission and taxes………………………………………………………14
4. Equilibrium conditions……………………………………………………15
5. Data description…………………………………………………………15
6. Policy scenarios……………………………………………………18
7. Economic indicators………………………………………………………19
III. THE MODEL RESULTS……………………………………………………22
1. Policy scenarios…………………………………………………………22
2. Welfare impacts of taxation………………………………………………23
3. Economic impacts of taxation…………………………………………25
4. Emission impacts of taxation……………………………………………45
5. Sensitivity analysis………………………………………………………45
6. Comparison with the previous studies…………………………………49
7. Policy implication………………………………………………………………………54
IV. CONCLUSION………………………………………………………………55
REFERENCE……………………………………………………………………60
APPENDIX I. SOCIAL ACCOUNTING MATRIX OF THE MODEL………63
APPENDIX II. GAMS CODE …………………………………………………64
APPENDIX III. VALUES OF TAX RATES AND ELASTICITIES OVER