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

Table 3

Steady-state values of major economic variables in different scenarios.

Economic variables	Description	No policy	New environmental tax	Change in percentage
C	Consumption	1.8623	1.8389	−1.26%
R	Interest rate	0.0776	0.0776	0.00%
W	Wage	1.3665	1.3506	−1.16%
N	Labor	1.2114	1.2120	0.05%
A	Total factor productivity	1.0000	1.0000	0.00%
K	Capital	10.5032	10.3860	−1.12%
Y	Output	2.4708	2.4625	−0.34%
Z	Pollutant emissions	1.4850	1.4800	−0.34%
H	Government pollution abatement	—	0.0192	NA
Q	Environmental quality	185.6220	184.1660	−0.78%
G	Government expenses	0.3459	0.3448	−0.34%
T	Environmental tax	—	0.0130	NA
I	Investment	0.2626	0.2596	−1.12%