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A General Equilibrium Model for Tax Policy Analysis in Colombia: The MEGATAX Model

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  • Thomas F. Rutherford

    ()

  • Miles K. LIGHT

    ()

Abstract

The paper documents the development of a pilot general equilibrium model for Colombia based on 1996 social accounts. This paper is intended to be a guide for the development, specification, and application of a computable model for the Ministry of Finance and National Department of Planning. As an illustrative calculation, we use the dataset and model to evaluate the marginal cost of raising additional government revenue from different tax sources.

Suggested Citation

  • Thomas F. Rutherford & Miles K. LIGHT, 2002. "A General Equilibrium Model for Tax Policy Analysis in Colombia: The MEGATAX Model," ARCHIVOS DE ECONOMÍA 011291, DEPARTAMENTO NACIONAL DE PLANEACIÓN.
    • Handle: RePEc:col:000118:011291
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    File URL: https://colaboracion.dnp.gov.co/CDT/Estudios%20Econmicos/188.pdf
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    References listed on IDEAS

    as
    1. Enrique Antonio López Enciso & Marla Patricia Ripoll Nuñez & Freddy Herna Cepeda López, 1994. "Crónica De Los Modelos De Equilibrio General En Colombia," Revista ESPE - ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 12(26), pages 7-68, December.
    2. Hernandez, Gustavo Adolfo & Soto, Carolina & Prada, Sergio & Ramirez, Juan Mauricio, 2000. "Exenciones tributarias: Costo fiscal y análisis de incidencia
      [Tax exemptions: fiscal cost and incidence analysis]      ," MPRA Paper 14546, University Library of Munich, Germany.
    3. Shoven,John B. & Whalley,John, 1992. "Applying General Equilibrium," Cambridge Books, Cambridge University Press, number 9780521266550, June.
    4. Ortega, Juan Ricardo & Piraquive, Gabriel Armando & Hernandez, Gustavo Adolfo & Soto, Carolina & Prada, Sergio & Ramirez, Juan Mauricio, 2000. "Incidencia fiscal de los incentivos tributarios
      [Fiscal Incidence of tax incentives]      ," MPRA Paper 14016, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Thomas F. RUTHERFORD & Miles K. LIGHT & Gustavo Adolfo HERNANDEZ, 2002. "A dynamic general equilibrium model for tax policy analysis in Colombia," ARCHIVOS DE ECONOMÍA 001910, DEPARTAMENTO NACIONAL DE PLANEACIÓN.
    2. Andrés M. Velasco & Camilo A. Cárdenas Hurtado, 2015. "A Macro CGE Model for the Colombian Economy," BORRADORES DE ECONOMIA 012426, BANCO DE LA REPÚBLICA.
    3. Hernandez, Gustavo Adolfo & Light, Miles & Rutherford, Thomas, 2002. "A dynamic general equilibrium model for tax policy analysis in Colombia," MPRA Paper 28435, University Library of Munich, Germany.
    4. Jaime Andrés ESTRADA, 2002. "Optimal enforcement: Finding the right balance," ARCHIVOS DE ECONOMÍA 003302, DEPARTAMENTO NACIONAL DE PLANEACIÓN.
    5. Carlos Alberto CASTRO IRAGORRI, 2003. "Yet another lagging, coincident and leading index for the Colombian economy," ARCHIVOS DE ECONOMÍA 003785, DEPARTAMENTO NACIONAL DE PLANEACIÓN.
    6. Allan DRAZEN & Marcela ESLAVA, 2003. "The political business cycle in Colombia on the National and Regional level," ARCHIVOS DE ECONOMÍA 003616, DEPARTAMENTO NACIONAL DE PLANEACIÓN.
    7. Claudio R Karl, 2004. "How Can Tax Policies And Macroeconomic Shocks Affect The Poor? A Quantitative Assessment Using A Computable General Equilibrium Framework For Colombia," Revista ESPE - ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, December.
    8. Paula ACOSTA MARQUEZ, 2002. "Does corporate governance matter for developing countries? An overview of the Mexican case," ARCHIVOS DE ECONOMÍA 002380, DEPARTAMENTO NACIONAL DE PLANEACIÓN.

    More about this item

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence

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