Browsing by Author "Xu, Zhaoran"

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    The economic effects of carbon tax policy in British Columbia
    (University of New Brunswick, 2024-07) Xu, Zhaoran; Yevdokimov, Yuri
    This study examines the impact and underlying mechanisms of carbon tax policy on employment in British Columbia using data for 10 Canadian provinces spanning from 1997 to 2021 and a Difference-in-Difference (DiD) model. Our findings reveal that under reasonable carbon tax rates, the imposition of such taxes stimulates increased investment in clean technology research and development by enterprises, leading to a significant reduction in carbon emissions. However, the influence on economic development appears to be statistically insignificant. Moreover, the rate of adjustment in carbon tax rates plays a pivotal role in achieving sustainable economic growth. As a result, to attain a steady-state economy under carbon emission constraints, policymakers should consider a balanced approach to carbon tax rate adjustments.