Next Article in Journal
Corporate Social Responsibility, Organizational Justice and Positive Employee Attitudes: In the Context of Korean Employment Relations
Next Article in Special Issue
Incentives for Developing Resilient Agritourism Entrepreneurship in Rural Communities in Romania in a European Context
Previous Article in Journal
Gen2 RFID-Based System Framework for Resource Circulation in Closed-Loop Supply Chains
Article Menu
Issue 11 (November) cover image

Export Article

Open AccessArticle
Sustainability 2017, 9(11), 1986; doi:10.3390/su9111986

Environmental Tax Policy in Romania in the Context of the EU: Double Dividend Theory

1
Faculty of Economics and Law, University of Pitesti, Bd. Republicii, No. 71, Pitesti, 110062 Arges, Romania
2
Faculty of Economics, Doctoral School, University “Valahia” of Targoviste, Str. Aleea Sinaia, No. 13, Targoviste, 130004 Dambovita, Romania
3
Faculty of Theoretical and Applied Economics, Academy of Economic Studies, Calea Dorobanti, No. 15-17, sector 1, 010552 Bucuresti, Romania
*
Author to whom correspondence should be addressed.
Received: 21 September 2017 / Revised: 21 October 2017 / Accepted: 24 October 2017 / Published: 31 October 2017
View Full-Text   |   Download PDF [231 KB, uploaded 31 October 2017]

Abstract

In the last decade, environment protection gained much more significance in designing the economic policies in the European Union (EU) countries. There are many economic and policy differences between the European countries, despite of the harmonization process inside the EU area. The path of implementation of the environmental tax reforms in the EU countries differs greatly from one country to another and the effects of such taxation in the economic and environmental areas are manifold. The authors of this paper have agreed to undertake the task of testing the double dividend hypothesis of the environmental taxation in Romania (an energy-intensive country) versus the EU area as a whole, using Vector Error Correction Model (VECM) techniques and Ordinary Least Squares (OLS) estimations. Our findings show that this hypothesis is validated neither in Romania (in the economic growth area) nor in the EU area as a whole (in the unemployment area). Therefore, Romania cannot increase the level of the environmental tax for supporting economic growth, but it can grant environmental subsidies for decreasing the emissions and supporting the economic growth. This could be achieved by expanding the tax labor base and by collecting higher budgetary revenues to sustain such environmental subsidies. As far as the EU area is concerned, it is a necessary measure to continue the descending trend for the labor taxation to achieve the goal of improving the employment rate. View Full-Text
Keywords: environmental taxes; Growth Domestic Product (GDP) growth; unemployment; greenhouse CO2 emissions; Romania; EU area environmental taxes; Growth Domestic Product (GDP) growth; unemployment; greenhouse CO2 emissions; Romania; EU area
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

SciFeed Share & Cite This Article

MDPI and ACS Style

Radulescu, M.; Sinisi, C.I.; Popescu, C.; Iacob, S.E.; Popescu, L. Environmental Tax Policy in Romania in the Context of the EU: Double Dividend Theory. Sustainability 2017, 9, 1986.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top