Green tax reforms. Understanding the double dividend Hypothesis Author Ruocco A., Wiegard W. Journal/Series Zeitschrift für Umweltpolitik und Umweltrecht | Vol. 20(2); 171 - 198; 27 p. Date 1997 Source IUCN (ID: ANA-060883) Publisher | Place of publication Deutscher Fachverlag GmbH | Frankfurt/M., Germany Language English Field of application International Subject Environment gen. Keyword Subsidy/incentive Abstract This paper deals with the so-called double dividend hypothesis of green tax reforms. First, it graphically illustrates the basic idea in a partial equilibrium context. It develops a simple environmental model for a full employment closed as well as a small open economy with taxes. Using a small scale numerical simulation model it examinesin detail a number of optimal green tax reforms and compute its first and second dividends. The final section offers some tentative policy conclusions