Environmental control,wage inequality and national welfare in a tourism economy |
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| Authors: | Chi-Chur Chao Jean-Pierre Laffargue Pasquale M. Sgro |
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| Affiliation: | 1. College of Business Law and Governance, James Cook University, Douglas, QLD 4811, Australia;2. School of Business, University of the Sunshine Coast, Maroochydore DC, QLD 4558, Australia;3. Shanghai Lixin University of Commerce, 2800 Wenxiang Road, Shanghai, China |
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| Abstract: | This paper examines the effects of stricter environmental regulation on income distribution and welfare for an open economy with inbound tourism. The pollution input is considered as a mobile factor between sectors, and a decrease in it lowers wages of skilled labor in the traded sector but can increase the wages of unskilled labor in the non-traded sector. A stricter policy on environmental controls can narrow wage inequality and increase welfare if the tourism terms-of-trade effect dominates. These results are confirmed by simulations. |
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