Year: 2023
Type: book-chapter
Abstract: The environmentally related taxes should be the main economic policy instrument for environment protection.In accordance with available theoretical and empirical literature the authors try to find out whether the environmentally related taxes (the energy taxes, transport taxes, pollution taxes, and resource taxes) in the Republic of Serbia are effective.Taking into account the obtained results the authors can draw a conclusion that the environmentally related taxes in the Republic of Serbia are relatively effective.The results of estimated panel FE model in the period from 2008 to 2020 show that the environmentally related taxes increase reduce an emission of carbon oxides by 0.37% and ammonia by 0.78%.It is a worrying fact that the emission of particulates <2.5 μm grows along with the environmental related tax increase.The authors also show that there is no correlation between the environmentally related taxes and greenhouse gases emission.
Authors: Suzana Balaban, Bojan Stoiljković
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Climate action
Open Access status: bronze
OpenAlex ID: W4386882017