Growth and Income Distributions in Four EU Economies

Bhattarai, Keshab

doi:10.1007/s11294-016-9594-8

Cited by 4 publications

(4 citation statements)

References 39 publications

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“…The price system allocates resources efficiently. All economic agents do the best they can within their budget constraints (Bhattarai 2016). Computable general equilibrium models like this include most of the theoretical developments in economics over the last 200 years.…”

Section: Methodology and Model Specificationmentioning

confidence: 99%

“…Appendix A.1. Consumption Expenditure in Vietnam 1997-2016 Appendix A.3. GDP per Capita in Vietnam 2000-2016…”

Section: Appendix a Stylised Fact And Tax Structure In Vietnammentioning

confidence: 99%

“…In addition, the combination of fiscal and monetary policies can extensively affect efficiency and redistribution. His works on evaluating impacts of tax policies for other economies are also continuously developed in Bhattarai (2008); Bhattarai (2016); Bhattarai et al (2017) and Bhattarai et al (2018b).…”

Section: Introductionmentioning

confidence: 99%

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Impacts of Direct and Indirect Tax Reforms in Vietnam: A CGE Analysis

Bhattarai

Nguyen

2019

Economies

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The study applies a multi-sector multi-household static computable general equilibrium (CGE) tax model to assess the economy-wide impacts of taxes in Vietnam. It examines two tax reform scenarios based on the tax reform plan proposed by the Vietnam Ministry of Finance. The first scenario is increasing the value-added tax (VAT) rate to 12% from the current 10% rate. The second scenario relates to setting a competitive corporate income tax (CIT) rate to the lowest rate in ASEAN (Associations of South East Asian Nations) countries by reducing it from 20% to 17%. Correction of current tax distortions will have positive impacts on labour supply, utility, consumption, output, and welfare of households as they reallocate resources from more to less productive sectors of the economy. The CGE model allows for the finding of the macroeconomic and sectoral effects on prices and outputs, as well as on welfare of households. While this study contributes to the literature on the CGE model for the Vietnam economy, it is a small step for finding the optimal tax structure in Vietnam. It recommends that the Vietnam government should increase the standard VAT rate to 12% and reduce CIT rate to 17% to shift the tax burden from capitalists to consumers.

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Section: Methodology and Model Specificationmentioning

confidence: 99%

“…Appendix A.1. Consumption Expenditure in Vietnam 1997-2016 Appendix A.3. GDP per Capita in Vietnam 2000-2016…”

Section: Appendix a Stylised Fact And Tax Structure In Vietnammentioning

confidence: 99%

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Impacts of Direct and Indirect Tax Reforms in Vietnam: A CGE Analysis

Bhattarai

Nguyen

2019

Economies

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“…This can be interpreted that the model equation is the VAR estimation model. Variables in a VAR model are decided concurrently and depend more on historical data patterns to establish connections between air transportation and economic growth than economic theories (Bhattarai 2016). The results and insights of vector autoregression are presented in Figure 1-A1.…”

Section: Vector Autoregressive Modelmentioning

confidence: 99%

Air passenger movements and economic growth in Sri Lanka: Co-integration and causality analysis

Higgoda

Madurapperuma

2020

Journal of Transport and Supply Chain Management

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Method: Using time series data over a period of 37 years , this study employed Johansen cointegration test methods, followed by Granger's causality tests. Results:The results of this study confirm that there is no long-run relationship between air transportation and economic growth in Sri Lanka. However, the results show that there is a short-run unidirectional Granger causality, which runs from economic growth to total passenger movements. Conclusion:It can be concluded from the findings that they disprove the aviation-centric growth hypothesis and instead suggest that air transport does not play a significant role in the promotion of Sri Lanka's economic growth. Furthermore, the existence of unidirectional causality from economic growth to air transport and the recognised time lags of 2-3 years would guide government and policymakers to manage resources properly and allocate resources efficiently for the sectors, which accelerate economic growth in Sri Lanka.

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General Equilibrium Impacts of VAT and Corporate Income Tax in Thailand

Benjasak

Bhattarai

2019

Int Adv Econ Res

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In this paper, a computable general equilibrium model of Thailand is constructed 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. The model was calibrated to the micro-consistent benchmark data set contained in the Input-Output Table 2010 published by the Office of National Economics and Social Development Board with restructuring into 18 sectors. Findings reveal that aggregate net changes in welfare from a 10% VAT rate are better than from a 0% VAT. Thus, increasing VAT from 7 to 10% is a desirable policy action on the basis of economy-wide welfare analysis because utility generated from public services for the households more than compensates their loss in utility due to higher taxes. On a net welfare basis, decreasing the CIT rate from 30 to 20% is more preferable policy than reducing it to 23%. This model-based analysis is a unique contribution to the current literature on impacts of VAT and CIT in the Thai economy. Further scope remains for full impact analysis of comprehensive reforms such as the goods and services tax, with a dynamic model and many households.

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Growth and Income Distributions in Four EU Economies

Cited by 4 publications

References 39 publications

Impacts of Direct and Indirect Tax Reforms in Vietnam: A CGE Analysis

Impacts of Direct and Indirect Tax Reforms in Vietnam: A CGE Analysis

Air passenger movements and economic growth in Sri Lanka: Co-integration and causality analysis

General Equilibrium Impacts of VAT and Corporate Income Tax in Thailand

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