Detail Essays on tax interactions Bibliografi Author: Goulder, Lawrence H. (Advisor); Williams, Roberton Capell Topik: ECONOMICS; GENERAL|ECONOMICS; THEORY Bahasa: (EN )    ISBN: 0-599-61475-7     Penerbit: Stanford University     Tahun Terbit: 1999     Jenis: Theses - Dissertation Fulltext: 9958219.pdf (0.0B; 1 download) Abstract The benefits and costs of a wide range of government policies depend importantly on interactions between these policies and prior tax distortions in factor markets. These interactions significantly affect any policy that influences factor supplies and demands. Conventional first-best cost-benefit analyses ignore these tax-interaction effects, and thus can produce substantially misleading conclusions. This dissertation uses analytically tractable general equilibrium models to study the impacts of tax interactions. The first essay demonstrates that these interactions substantially magnify the potential gains or losses from restrictive trade policies such as tariffs or quotas. However, as long as a policy does not generate rents for domestic households, the optimal level of that policy is unchanged. For a policy that generates rents (e.g., an import quota), these interactions generate an additional cost, causing the optimal policy to be less restrictive. Tax interactions also affect the benefits of government policies affecting public health or worker productivity, including public health policy, subsidies to research and development, and environmental policies. The second essay shows that such interactions magnify the benefit of policies that boost worker productivity, but have an ambiguous effect on the benefits of policies that improve public health. The third essay demonstrates that the usual “excess-burden triangle” approximation tends to dramatically understate the excess burden of a commodity tax, because it does not account for tax interactions. This essay derives an implementable alternative approximation and uses a numerical general equilibrium model to compare the two approximations. The alternative approximation is typically far more accurate, despite the fact that its informational requirements are similar to those of the usual formula. All previous analytical studies of tax interactions have used models that either ignore capital or treat it in a static context, neglecting the dynamic nature of the capital market. The fourth essay employs an analytical general equilibrium model to examine the nature of tax interactions in an explicitly dynamic framework with capital accumulation. Tax interactions in this model are qualitatively similar to those in static models, but can be quantitatively very different, particularly if one factor market is significantly more distorted than the other. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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