Download PDF by Alberto Heimler, Danièle Meulders (auth.), Alberto Heimler,: Empirical Approaches to Fiscal Policy Modelling

By Alberto Heimler, Danièle Meulders (auth.), Alberto Heimler, Daniele Meulders (eds.)

ISBN-10: 9401046719

ISBN-13: 9789401046718

ISBN-10: 9401115389

ISBN-13: 9789401115384

Alberto Heimler and Daniele Meulders within the final decade the modelling of the interrelationship among public finance and the remainder of the economic system has obvious titanic advances, mirrored in lots of of the papers brought to the utilized Econometrics organization convention held at Confindustria, Rome, on 30 November and 1 December 1989. particularly, the advance of the literature on utilized general-equilibrium modelling has came upon such a lot of its functions within the box of taxation, enlarging and finishing the estimation of the welfare loss because of distortionary taxes. during this context a tremendous extension has been the advent of overlapping-generation versions. additionally, it has develop into transparent that almost all person judgements, particularly the choice even if to paintings, are based upon the tax process, within the experience that the better the marginal source of revenue tax the bigger the wedge among labour fee and take-home pay, the final one being the choice variable within the call for for rest. eventually, within the ecu context, the crowning glory of the inner marketplace has led to the need to harmonize financial structures within the EEC member nations. a few papers examine, as a result, the consequences of monetary reform on potency, welfare and growth.

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De Economist, 139, 147-68. Hicks, J. R. (1942) Consumers' Surplus and Index-Numbers. Review of Economic Studies, 9, 126-37. Jorgenson, D. W. -Y. (1986a) The Efficiency of Capital Allocation Scandinavian Journal of Economics, 88,85-107. Jorgenson, D. W. -Y. (1986b) Tax Policy and Capital Allocation. Scandinavian Journal of Economics, 355-77. Jorgenson, D. W. -Y. S. Economic Growth. Journal of Political Economy, 98, S151-93. Jorgenson, D. W. -Y. (1991) Tax Reform and the Cost of Capital. Oxford University Press, Oxford.

D. Intriligator and D. A. 106-99. I06-99. Diewert, W. E. (1988) On Tax Reform. Canadian Journal of Economics, 21, 1-40. Diewert, W. E. and Wales, T. J. (1987) Flexible Functional Forms and Global Curvature Conditions. Econometrica, 50, 43-68. Diewert, W. E. and Wales, T. J. (1988a) A Normalized Quadratic Semi-Flexible Functional Form. Journal of Econometrics, 37, 327-42. 48 An intertemporal general-equilibrium model of taxation in Italy Diewert, W. E. and Wales, T. J. (1988b) Normalized Quadratic Systems of Consumer Demand Functions.

1) Producer behaviour is specified by taking into account the production technology and deriving the long-run output-supply and factor-demand equations. Let us assume that technology is characterized by the production possibility set cI>1 == {(Xs, M, K DP, L D, t)}, where Xs == [X sc , XSJ,XSE]T (with Xsc as the quantity of supplied non-durable consumer goods, X SI the supplied investment goods, and X SE the supplied exported goods), M is the demanded imported inputs, LD is the demanded quantity of labour services, K DP is a J -dimensional vector of demanded quantities of capital services, t denotes technical progress.

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Empirical Approaches to Fiscal Policy Modelling by Alberto Heimler, Danièle Meulders (auth.), Alberto Heimler, Daniele Meulders (eds.)

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