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In the paper, the static computable general equilibrium model for Slovakia and Slovenia is used for a tax burden analysis. There was considered simultaneous 1% increase in taxes on primary factors, on firms’ and government domestic and imported purchases, on import taxes, on output (or income) tax, on private domestic and imported consumption taxes...
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... elasticity parameter varied by 100% and symmetric triangular distribution was used. Table 4 shows that the negative sign of the equivalent variation result is robust on the 95% confidence level with respect to each elasticity parameter tested. A closer look to the elasticity of substitution between domestic and imported goods in the Armington aggregation structure for Slovenia on the 99% confidence level allows positive result. ...Similar publications
In this policy brief we investigate the wind power development in Brazil and its effects on employment and regional growth. Using the CGE model TERM-BR10, we estimate that in the absence of the policy framework that supported wind power expansion there would have been a GDP loss of 0.15% nationally and of 1.1% in the Northeast region (which concent...
The worldwide increasing concern for climate change persuades policy makers to take into account also the environmental aspects when designing and assessing the effectiveness of economic policies. Fiscal reforms can be combined with environmental measures to achieve the complex target represented by economic growth and environmental protection. In...
It is clear that in the transition out of the COVID-19 crisis in Colombia there will be great need for formal job creation. One source that has been widely discussed in policy circles is strengthening linkages of Colombian firms with Global Value Chains (GVCs). Another source that has received recent attention, and deservedly so, is digital infrast...
Cost-effectiveness comparisons between two typical pricing policies, i.e., cap and trade and carbon tax, are rare in the literature and are tackled in this study. We define various carbon shadow prices at different administrative levels. By using a computable general equilibrium model, the cost-effectiveness of various policies is compared in terms...
In this paper, a novel approach to modelling education and human capital formation in a computable general equilibrium model is proposed. Rather than adopting microeconomic-based assumptions of human capital formation, the method is based on an empirical relationship between labor force composition and expenditure on education services. It is found...
