@techreport{oai:grips.repo.nii.ac.jp:00001739,
 author = {YAMAZAKI, Akio},
 note = {https://www.grips.ac.jp/list/jp/facultyinfo/yamazaki-akio/, This paper investigates how environmental taxes affect manufacturing productivity by examining British Columbia’s revenue-neutral carbon tax. I develop a new hypothesis, the “Productivity Dividend Hypothesis,” to show that environmental taxes can positively affect productivity by recycling tax revenues to reduce corporate income taxes. This revenue-recycling increases investment and could raise productivity more than environmental taxes lower productivity by diverting resources from production. I evaluate this hypothesis using detailed confidential plant-level data. I find that the carbon tax lowers productivity, although this is offset to some extent by the revenue-recycling. For some plants, the policy generates a net gain in productivity., JEL Classification Codes: D22, H23, L6, Q5, The author acknowledges generous funding from Productivity Partnership (PP) and Smart Prosperity Institute (SPI), supported by the Social Sciences and Humanities Research Council of Canada.},
 title = {Environmental Taxes and Productivity: Lessons from Canadian Manufacturing}
}