, El Serafy , , , , 1992â2009, 2%â14% (CGE) , , 5%â12%, , , : Using the adjusted El Serafy user cost approach to estimate the depletion cost of coal resources, this paper demonstrates that user cost exists in the exploitation of Chinaâs coal resources and has increased rapidly with the substantial growth of coal output. It is necessary to levy a resource tax that reflects the real cost of coal resources. The results of our calculations show that from 1992 to 2009, the theoretical ad valorem coal tax rate determined in accordance with the user cost fluctuated between 2 and 14 percent. A further analysis of the impact of an ad valorem coal tax on the Chinese macroeconomy with a dynamic computable general equilibrium (CGE) model shows that a tax rate of 5-12 percent for coal resources would better reflect the cost of depletion of coal as a scarce resource, with the macroeconomic impact falling within the acceptable range. Therefore, resource tax reform is significant for Chinaâs sustainable development.View full textDownload full textKeywordsresource tax, depletion cost of resources, effect on the macroeconomyRelated var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/02529203.2012.702945
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