[Retracted] New Environmental Protection Taxes in China from the Perspective of Environmental Economics

Table 1

Summary of basic parameter values.

No	Parameter	Description	Value
1	Δ	Depression rate	0.025
2	θ	Utility coefficient of labor supply	0.5
3	ϑ	Elasticity of labor supply	2.0
4	α	C-D parameter of capital	0.33
5	μ	Pollutants discharge coefficient	0.601
6	ϕ	Pollutant decay	0.992
7	γ	Coefficient of emission reduction	0.345
8	ν	Coefficient of government consumption expenditure	0.14
9	β	Discount factor	0.95
10	τ	Environmental tax rate	0.013

1: For the capital depreciation rate, we used 0.025 with reference to previous literature: Heutel [6] 0.025, Annicchiarico and Di Dio [9] 0.025, and Xiao et al. [11], 0.025. 2: The utility coefficient of labor supply refers to Lu et al. [18] 0.5. 3: The elasticity of labor supply refers to Lintunen and Vilmi [24] 2.0, and Pop [25] 2.0. 4: The C-D parameter of capital refers to Fischer and Springborn [7] 0.33, and Yongsung and Sun-Bin [26] 0.36. 5: The pollutants discharge coefficient refers to Lu et al. [18] 0.601, Xu et al. [3] 0.601, and Xiao et al. [11] 0.6. 6: Pollutant decay refers to Heutel [6] 0.9979, Annicchiarico and Di Dio [9] 0.9979, and Lu et al. [18] 0.992. 7: The coefficient of emission reduction refers to Lu et al. [18] 0.345. 8: The coefficient of government consumption expenditure refers to Lu et al. [18] 0.14.