An Assessment of Japanese Carbon Tax Reform Using the E3MG Econometric Model

Table 4

Macroeconomic impacts, Japan.

	S1	S2a	S2b	S2c
GDP	0.0	−1.2	1.1	0.9
Employment	0.0	−0.1	0.4	0.4
H’hold consumption	0.0	−1.6	2.0	1.7
Investment	0.0	−0.6	0.9	0.7
Exports	0.0	−0.5	−0.4	−0.5
Imports	0.0	−0.3	1.1	1.1
Price level	0.1	2.5	1.4	2.0

Values are % difference from the Baseline.
Source(s): E3MG, Cambridge Econometrics.