GTAP Resources: Resource Display
| GTAP Resource #7713 |
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"Carbon Taxation, Revenue Recycling, and Policy Trade-offs in Thailand: A Dynamic CGE Analysis" Authors: Puttanapong, Nattapong Abstract Climate change mitigation has become a critical global priority. In response, Thailand implemented a carbon tax of 200 baht per ton of CO2 in 2025. Assessing the macroeconomic, distributional, and environmental impacts of such a policy is essential for designing effective and sustainable climate strategies. This study develops a Computable General Equilibrium (CGE) model calibrated to the Thai economy, incorporating carbon emissions and taxation to evaluate the nationwide effects of the carbon tax and explore alternative revenue-recycling strategies. The model is based on a Social Accounting Matrix constructed from the 2010 input–output table and energy-related emissions data. Two tax base designs are considered, namely a liquid fuel base and an all fossil fuel base, under two emission pathways: the Business-as-Usual (BAU) scenario and the Nationally Determined Contribution (NDC) scenario. The results show that a broader tax base leads to greater emissions reductions but at higher economic costs. Macroeconomically, the carbon tax produces modest GDP impacts and stimulates investment, while exerting downward pressure on household consumption. Among revenue-recycling options, no single strategy is universally optimal. Progressive transfers most effectively promote equity, while increased government spending emerges as the most efficient approach for minimizing economic losses. |
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- Climate change policy - Environmental policies - Renewable energy - Sustainable development - Other data bases and data issues - Domestic policy analysis - Dynamic modeling - Model validation and sensitivity analysis - Asia (Southeast) |
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Public Access  Paper (969.7 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 4/30/2026 12:56:16 PM
