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An Applied General Equilibrium Model to Assess the Impact of National Tax Changes on a Regional Economy

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Abstract

This paper presents two versions of an applied general equilibrium model for the regional economy of Andalusia, Spain, that differ in the Public Sector behavior. We intend to exemplify the use of a model with these characteristics to analyze the impact that the reform of the personal income tax (Act 40/98) implemented in Spain as a whole would have had on the Andalusian region in particular. Such an important tax reform is bound to affect the behavior of the agents in this economy, both in the microeconomic and the derived macroeconomic spheres. The general character of the tax reform under analysis and the relations among the different economic agents advise us to use models with these characteristics to study the effects of this reform. The models is of the neoclassical variety and include not only the productive sectors of the economy but also the foreign sector and the government, which are usually absent from theoretical general equilibrium models. Both versions of the model are calibrated by using a Social Accounting Matrix of Andalusia for 1995.

Suggested Citation

  • M. Alejandro Cardenete & Ferran Sancho, 2002. "An Applied General Equilibrium Model to Assess the Impact of National Tax Changes on a Regional Economy," Economic Working Papers at Centro de Estudios Andaluces E2002/13, Centro de Estudios Andaluces.
  • Handle: RePEc:cea:doctra:e2002_13
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    Cited by:

    1. Manuel Alejandro Cardenete Flores, 2006. "Federalismo fiscal a partir de un modelo de equilibrio general aplicado: Andalucía VS. España," Economic Working Papers at Centro de Estudios Andaluces E2006/22, Centro de Estudios Andaluces.
    2. M. Alejandro Cardenete & G.J.D. Hewings & E. Velázquez, 2005. "Precio del agua y relocalización del recurso en la economía andaluza. Una aproximación desde un modelo de equilibrio general aplicado," Economic Working Papers at Centro de Estudios Andaluces E2005/22, Centro de Estudios Andaluces.
    3. M. Carmen Lima & M. Alejandro Cardenete, 2005. "Impact Assessment of European Structural Funds in Andalusia - a CGE Approach," ERSA conference papers ersa05p154, European Regional Science Association.
    4. Mª del Carmen Delgado Lopez & M. Alejandro Cardenete Flores & María del Carmen Lima Díaz, 2012. "Economic Impact on Andalusian Economy of European Funds using a Dynamic Computable General Equilibrium Model: 2014-2020," EcoMod2012 3818, EcoMod.
    5. Chisari, Omar Osvaldo & Mastronardi, Leonardo Javier & Romero, Carlos Adrián, 2012. "Local taxes in Buenos Aires City: A CGE approach," MPRA Paper 40029, University Library of Munich, Germany.
    6. Antonio Morales & Pablo Brañas Garza, 2003. "Computational Errors in Guessing Games1," Economic Working Papers at Centro de Estudios Andaluces E2003/11, Centro de Estudios Andaluces.
    7. Esther Velázquez & M. Alejandro Cardenete & Geoffrey J.D. Hewings, "undated". "Water Price and Water Relocation in Andalusia. A Computable General Equilibrium Approach," Regional and Urban Modeling 283600101, EcoMod.
    8. Cardenete Flores, M.A & Llop Llop, M., 2005. "Modelos multisectoriales de equilibrio general aplicado en España: Una revisión/Multisectorial Applied General Equilibrium Models in Spain: a Review," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 23, pages 385-404, Agosto.
    9. Pouchkarev, Igor & Spronk, Jaap & Trinidad Segovia, Juan E., 2006. "Empirical Insights on the Heterogeneity of the Spanish Stock Market/Un Análisis Empírico De La Heterogeneidad Del Mercado De Capitales Español," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 24, pages 1091-1106, Diciembre.
    10. Clemente Polo & Elisabeth Valle, 2008. "A General Equilibrium Assessment of the Impact of a Fall in Tourism Under Alternative Closure Rules: the Case of the Balearic Islands," International Regional Science Review, , vol. 31(1), pages 3-34, January.
    11. Leonardo Mastronardi & Carlos Adrián Romero & Omar Osvaldo Chisari, 2012. "Local taxes in Buenos Aires City: a general equilibrium effects," EcoMod2012 3879, EcoMod.
    12. Cardenete, Manuel Alejandro & Delgado, M. Carmen, 2015. "A simulation of impact of withdrawal European funds on Andalusian economy using a dynamic CGE model: 2014–20," Economic Modelling, Elsevier, vol. 45(C), pages 83-92.
    13. J. Cansino & M. Cardenete & J. Gonzalez & M. P. Pablo-Romero, 2013. "Economic impacts of solar thermal electricity technology deployment on Andalusian productive activities: a CGE approach," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 50(1), pages 25-47, February.
    14. Cámara Sánchez, Ángeles & Cardenete Flores, M.Alejandro & Monrobel Alcántara, José Ramón, 2014. "Matrices de Contabilidad Social y Modelos de Equilibrio General Aplicado elaborados en España a nivel regional/Social Accounting Matrices and Applied General Equilibrium Models Developed in Spain at R," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 32, pages 427-454, Enero.
    15. Francisco J. André & M. Alejandro Cardenete Flores, 2006. "Designing Efficient Policies in a Regional Economy. A MCDM-CGE Approach," Economic Working Papers at Centro de Estudios Andaluces E2006/03, Centro de Estudios Andaluces.
    16. Mastronardi, Leonardo Javier, 2013. "Federalismo fiscal en Argentina: Un análisis de efectos spillover mediante un CGE regional
      [Fiscal Federalism in Argentina: An analysis of spillover effects using a regional CGE]
      ," MPRA Paper 54376, University Library of Munich, Germany.
    17. Cansino, J.M. & Cardenete, M.A. & González-Limón, J.M. & Román, R., 2014. "The economic influence of photovoltaic technology on electricity generation: A CGE (computable general equilibrium) approach for the Andalusian case," Energy, Elsevier, vol. 73(C), pages 70-79.

    More about this item

    Keywords

    applied general equilibrium models; social accounting matrix; fiscal policy; regional economy.;

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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