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Commodity Taxation and Regulatory Competition

Author

Listed:
  • Simone Moriconi

    (Università Cattolica del Sacro Cuore
    Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore)

  • Pierre M. Picard
  • Skerdilajda Zanaj
Abstract
TThis paper studies competition in commodity taxation and product market regula- tion between trading partner countries. We present a two-country general equilibrium model in which destination-based commodity taxes finance public goods, and prod- uct market regulation affects both the number of firms in the market and product diversity. We provide empirical evidence based on data for 21 OECD countries over the 1990-2008 period. Our results suggest that commodity taxation and product mar- ket regulation are interdependent policies. Theoretically and empirically we find an absence of strategic interaction in commodity taxation between governments. Further- more, we show that domestic regulation has a negative effect on domestic commodity taxation. Finally, we demonstrate theoretically and show empirically that product market regulation is a strategic complementary policy.

Suggested Citation

  • Simone Moriconi & Pierre M. Picard & Skerdilajda Zanaj, 2015. "Commodity Taxation and Regulatory Competition," DISCE - Working Papers del Dipartimento di Economia e Finanza def034, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    • Handle: RePEc:ctc:serie1:def034
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    More about this item

    Keywords

    Regulation; commodity tax; strategic interactions.;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General
    • H1 - Public Economics - - Structure and Scope of Government
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • L5 - Industrial Organization - - Regulation and Industrial Policy

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