Economy-wide impact analysis of a carbon tax on international container shipping

Title
Economy-wide impact analysis of a carbon tax on international container shipping
Authors
장영태
Keywords
Maritime carbon tax Economy-wide impact analysis Computable general equilibrium model Global Trade Analysis Project
Issue Date
2013
Publisher
TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE
Series/Report no.
TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE ; Vol58 Startpage 87 Endpage 102
Abstract
International shipping is a vital channel linking the world economy, particularly from the perspective of international commodity trade. The recently proposed carbon regulation in international shipping will not only affect the competitiveness of shipping lines, but will also have implications for the global economy. This paper adopts an energy?environmental version of the Global Trade Analysis Project referred to as GTAP-E to analyze the quantitative effects of a maritime carbon tax on the global economy by placing a special focus on containerizable commodities given their significant role in international trade. The major advantage of the GTAP-E model is that it can capture the effects of asymmetric changes in freight costs on different routes caused by the maritime carbon tax. Based on our numerical results, imposing a maritime carbon tax on international container shipping will not lead to a significant economic impact unless the tax level is high. China will suffer the greatest real GDP loss among all countries. Under a high level of global maritime carbon tax ($90/tCO2), the real GDP loss to China will be around 0.02%. The negative economic impacts on the European countries will be greater if a maritime carbon tax is imposed only on the European container exporting/importing routes, compared to the situation where a global maritime carbon tax is imposed on container shipping. Finally, the imposition of a maritime carbon tax will discourage distant container trade on the routes (origin?destination) ‘‘China?USA’’, ‘‘Rest of Asia?USA’’, and ‘‘South America?China’’.
URI
http://dx.doi.org/10.1016/j.tra.2013.10.002
http://dspace.inha.ac.kr/handle/10505/33580
ISSN
0965-8564
Appears in Collections:
College of Business Administration (경영대학) > Logistics (아태물류학부) > Journal Papers, Reports(물류학 학술논문,보고서)
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