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General Equilibrium Impacts VAT and Corporate Tax in Thailand

Benjasak, Chonlakan; Bhattarai, Keshab - 2017

We construct a CGE model of Thailand in order to assess economy wide impacts of reforms in the value added tax (VAT) and corporate income tax (CIT) on welfare and reallocation of resources across production sectors in the Thai economy. Our model was calibrated to the micro consistent benchmark...

Persistent link: https://www.econbiz.de/10015261501

Structural heterogeneity or asymmetric shocks? Poland and the euro area through the lens of a two-country DSGE model

Kolasa, Marcin - 2008

This paper presents a two-country model linking Poland and the euro area and applies it for assessment of heterogeneity across these two regions. Overall, our results can be seen as rather inconclusive about the differences in parameters describing agents' decision-making in Poland and in the...

Persistent link: https://www.econbiz.de/10015213991

Социокультурная архитектура: значимость параметров культурного кода в векторе экономического развития

Anicina, Nadejda; Stukach, Victor - 2024

Sociocultural architecture: the importance of the parameters of the cultural code in the vector of economic development The purpose is to explore the substantive aspects of socio-cultural architecture, the importance of the parameters of the cultural code in the vector of economic development....

Persistent link: https://www.econbiz.de/10015214046

New Economics

Obregon, Carlos - 2020

economic theory. The main problem of traditional economy is that it has not taken seriously the need to explore the … themselves, have perniciously enter into microeconomics, macroeconomics and economic growth theory. And as a consequence we do … economic theory. The main purpose of this manuscript is to delineate the route towards the consolidation of such a new theory. …

Persistent link: https://www.econbiz.de/10015214327

Budgetary Policies in a DSGE Model with Finite Horizons

Annicchiarico, Barbara; Giammarioli, Nicola; … - 2009

This paper presents a dynamic stochastic general equilibrium model with nominal rigidities, capital accumulation and finite horizons. Our New Keynesian framework exhibits intergenerational wealth effects and is intended to investigate the macroeconomic implications of fiscal policy, which is...

Persistent link: https://www.econbiz.de/10015215206

Households’ activities in informal economy: size and behavioural aspects

Albu, Lucian-Liviu; Kim, Byung-Yeon; Duchene, Gerard - 2002

Using a Romanian household survey, we analyse the structure of households’ income by sources: main job, secondary job, and informal activities. We began the study by focusing on data and methodological problems, certain clarifications being necessary. Then we estimated the size of informal...

Persistent link: https://www.econbiz.de/10015215431

The Role of Trends and Detrending in DSGE Models

Andrle, Michal - 2008

The paper discusses the role of stochastic trends in DSGE models and effects of stochastic detrending. We argue that explicit structural assumptions on trend behavior is convenient, namely for emerging countries. In emerging countries permanent shocks are an important part of business cycle...

Persistent link: https://www.econbiz.de/10015215573

FOOD PRODUCTION VS. BIOMASS EXPORT VS. LAND-USE CHANGE: A CGE ANALYSIS FOR ARGENTINA

Perry, Miles - 2008

World trade in biomass is likely to increase in the years up to 2020 as imports are required to meet the demand created (directly or indirectly) by policy measures such as the EU Biofuels Directive. This paper assesses the macroeconomic consequences such large-scale trade for the exporting...

Persistent link: https://www.econbiz.de/10015215684

The great dissolution: organization capital and diverging volatility puzzle

Che, Natasha Xingyuan - 2009

Most traditional explanations for the decreasing aggregate output volatility - so-called "Great Moderation" - fail to accommodate, or even directly contradict, another aspect of empirical data: the average sales volatility for publicly-traded US firms has been increasing during the same period....

Persistent link: https://www.econbiz.de/10015215845

Incidencia fiscal de los incentivos tributarios

Ortega, Juan Ricardo; Piraquive, Gabriel Armando; … - 2000

Tax incentives have traditionally been used as a tool by public policy makers in order to correct or reduce market failures. However, there is a widespread debate, in the international literature, about whether they can or not reaching this goal. In this paper, we propose a methodology to assess...

Persistent link: https://www.econbiz.de/10015216042