Showing 1 - 10 of 433
Persistent link: https://www.econbiz.de/10005293312
This paper presents a simple general equilibrium model involving trips from residential areas to a central business district, along with modal choice between cars and public transit. Using a calibrated numerical model, we investigate the relative merits of ownership and use taxes. The proposed...
Persistent link: https://www.econbiz.de/10005515483
Whether and how to tax financial intermediation services is unclear because individual preferences are not defined directly over financial services, but only over the goods that are consumed. Intermediation services facilitate consumption but do not directly provide utility. In this paper, we...
Persistent link: https://www.econbiz.de/10005530278
This paper describes a general equilibrium based social policy model for Cote d'Ivoire whose aim is both to facilitate analysis of a wide range of social policy options, any of which could conceivablybe pursued in Cote d'Ivoire over the next five or ten years, and to provide a basis for further...
Persistent link: https://www.econbiz.de/10005079813
Persistent link: https://www.econbiz.de/10005746845
In countries, such as Singapore, that have implemented vehicle congestion policies, recent years have seen a shift towards motor vehicle taxes based on car use. Ownership taxes reduce the number of cars on the road, leaving the price per trip largely unaffected. Use taxes such as fuel taxes and...
Persistent link: https://www.econbiz.de/10005714157
Persistent link: https://www.econbiz.de/10005453053
In this paper we propose a new multivariate GARCH model with time- varying correlations. We adopt the vech representation based on the conditional variances and the conditional correlations. While each conditional-variance term is assumed to follow a univariate GARCH formulation, the...
Persistent link: https://www.econbiz.de/10005062567
The unique way of financing housing through the mandatory savings system in Singapore has created a class of “asset-rich and cash-poor” Singaporeans. This paper provides a framework to assess the viability of a reverse mortgage (RM) market so that such instruments may be harnessed as a...
Persistent link: https://www.econbiz.de/10005543403
Being geographically small, land scarcity poses a potential constraint for economic growth in Singapore. Restraining car ownership and car use through motor vehicle taxes is part of the land-transport policy to ensure smoother traffic flow. This paper analyses the use of motor vehicle taxes in...
Persistent link: https://www.econbiz.de/10010949540