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2019-Fan_ Li_ Yin- Impact_of_environmental_tax_on_green_development-nonlinear_dynamical_system_analysis

Author(s): Xinghua Fan

na

Keywords: environment equilibrium point model chaos economic growth nonlinear

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Abstract

Resource Image This study analyzes the impact of environmental tax on green development by using a four-dimension dynamical system.

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Fan, Xinghua, Xuxia Li, and Jiuli Yin. 2019. Impact of environmental tax on green development: A nonlinear dynamical system analysis.  PLos One. 14(9): e0221264.

See  https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6726139/ . Accessed 8 March 2023.

Abstract: With green development becoming a global movement, environmental tax has been adopted by many governments to promote green development.

This study analyzes the impact of environmental tax on green development by using a four-dimension dynamical system. The establishment of the system is based on the complex and dynamic interactions among economic development, pollution emissions, resources consumption, and environmental tax, where roles of environmental tax are reflected by the linear parameters. A theoretic analysis shows the complexity of the behavior of the system. Mainly, the existence of chaos is inferred by Lyapunov exponent spectrum and bifurcation diagram, then verified by the presence of a chaotic attractor.

An empirical study of the green development dynamical system in China demonstrates the particular evolution paths of economic growth, pollution intensity, and resource intensity under different environmental tax parameters. Results indicate a robust beneficial role of environmental tax on green development. Furthermore, when an environmental tax is imposed, a firm government control, an active consumer awareness, an advanced technology level can stimulate economic growth, decrease pollution intensity, and control the resource intensity. But the government control has a stronger effect.

This study provides a viable and promising approach to analyze the role of imposing an environmental tax on green development and may have potential application in other areas and countries.

The data underlying the results presented in the study are available from http://www.stats.gov.cn/tjsj/ndsj/.

Keywords: equilibrium point, model, chaos, economic growth, environment,  system, nonlinear

 

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Author(s): Xinghua Fan

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