Simulating the Effect of Business Tax Abolition through a New Regional CGE Model
The main goal of regional computable general equilibrium models is to analyze how different regions within a specific area react to certain shocks. Therefore, countries with high heterogeneity among regions, like Italy, constitute an interesting case study for regional computable general equilibrium...
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| creator | Baldassarre, Alessio Calà, Valerio Ferdinando Carullo, Danilo Dudu, Hasan Fusco, Elisa Giacobbe, Pasquale Orecchia, Carlo |
| description | The main goal of regional computable general equilibrium
models is to analyze how different regions within a specific area react to certain shocks. Therefore, countries with
high heterogeneity among regions, like Italy, constitute an
interesting case study for regional computable general equilibrium model analysis. This paper presents the regional part
of the new (recursive) dynamic single-country computable
general equilibrium model called the Italian Regional and
Environmental Computable General Equilibrium of the
Department of Finance, based on the Mitigation, Adaptation and New Technologies Applied General Equilibrium
model of the World Bank. A new regional social accounting
matrix for Italy (20 regions at the Nomenclature of territorial units for statistics level) has been constructed. The social
accounting matrix is used as input data to simulate the abolition of the regional tax on productive activities (regional
business tax) through three different scenarios, focusing
on the effects on gross domestic product, regional value
added, and welfare. The results show that under the modeling assumptions, the complete abolition of the regional
tax on productive activities would positively impact Italian
economic growth and regional welfare. |
| format | Article |
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models is to analyze how different regions within a specific area react to certain shocks. Therefore, countries with
high heterogeneity among regions, like Italy, constitute an
interesting case study for regional computable general equilibrium model analysis. This paper presents the regional part
of the new (recursive) dynamic single-country computable
general equilibrium model called the Italian Regional and
Environmental Computable General Equilibrium of the
Department of Finance, based on the Mitigation, Adaptation and New Technologies Applied General Equilibrium
model of the World Bank. A new regional social accounting
matrix for Italy (20 regions at the Nomenclature of territorial units for statistics level) has been constructed. The social
accounting matrix is used as input data to simulate the abolition of the regional tax on productive activities (regional
business tax) through three different scenarios, focusing
on the effects on gross domestic product, regional value
added, and welfare. The results show that under the modeling assumptions, the complete abolition of the regional
tax on productive activities would positively impact Italian
economic growth and regional welfare.</description><language>eng</language><publisher>World Bank, Washington, DC</publisher><subject>APPLIED EQUALIBRIUM MODEL ; BUSINESS TAX ; CGE MODEL ; FISCAL POLICY ; REGIONAL GENERAL EQUILIBRIUM MODEL ; REGIONAL SOCIAL ACCOUNTING MATRIX</subject><creationdate>2023-04</creationdate><rights>CC BY 3.0 IGO https://creativecommons.org/licenses/by/3.0/igo/ World Bank</rights><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>781,785,18987</link.rule.ids><linktorsrc>$$Uhttps://hdl.handle.net/10986/39638$$EView_record_in_World_Bank$$FView_record_in_$$GWorld_Bank$$Hfree_for_read</linktorsrc></links><search><creatorcontrib>Baldassarre, Alessio</creatorcontrib><creatorcontrib>Calà, Valerio Ferdinando</creatorcontrib><creatorcontrib>Carullo, Danilo</creatorcontrib><creatorcontrib>Dudu, Hasan</creatorcontrib><creatorcontrib>Fusco, Elisa</creatorcontrib><creatorcontrib>Giacobbe, Pasquale</creatorcontrib><creatorcontrib>Orecchia, Carlo</creatorcontrib><title>Simulating the Effect of Business Tax Abolition through a New Regional CGE Model</title><description>The main goal of regional computable general equilibrium
models is to analyze how different regions within a specific area react to certain shocks. Therefore, countries with
high heterogeneity among regions, like Italy, constitute an
interesting case study for regional computable general equilibrium model analysis. This paper presents the regional part
of the new (recursive) dynamic single-country computable
general equilibrium model called the Italian Regional and
Environmental Computable General Equilibrium of the
Department of Finance, based on the Mitigation, Adaptation and New Technologies Applied General Equilibrium
model of the World Bank. A new regional social accounting
matrix for Italy (20 regions at the Nomenclature of territorial units for statistics level) has been constructed. The social
accounting matrix is used as input data to simulate the abolition of the regional tax on productive activities (regional
business tax) through three different scenarios, focusing
on the effects on gross domestic product, regional value
added, and welfare. The results show that under the modeling assumptions, the complete abolition of the regional
tax on productive activities would positively impact Italian
economic growth and regional welfare.</description><subject>APPLIED EQUALIBRIUM MODEL</subject><subject>BUSINESS TAX</subject><subject>CGE MODEL</subject><subject>FISCAL POLICY</subject><subject>REGIONAL GENERAL EQUILIBRIUM MODEL</subject><subject>REGIONAL SOCIAL ACCOUNTING MATRIX</subject><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2023</creationdate><recordtype>article</recordtype><sourceid>VO9</sourceid><recordid>eNqdizsKwkAUANNYiHqHdwFBiYSk1BC1UUTTLxvzdrPkuS_sh-jtTeEJrAaGmXlye5hXJBmM1RA6hEopfAZgBYfojUXvoZZv2DdMJhi2U-Q46g4kXHGEO-pJSoLyVMGFW6RlMlOSPK5-XCS7Y1WX5_XIjtpG2l7wgLa3PBK2Gh0O7E1g9xHbTZFnIi2yNE__3L4ZkkbM</recordid><startdate>20230405</startdate><enddate>20230405</enddate><creator>Baldassarre, Alessio</creator><creator>Calà, Valerio Ferdinando</creator><creator>Carullo, Danilo</creator><creator>Dudu, Hasan</creator><creator>Fusco, Elisa</creator><creator>Giacobbe, Pasquale</creator><creator>Orecchia, Carlo</creator><general>World Bank, Washington, DC</general><scope>VO9</scope></search><sort><creationdate>20230405</creationdate><title>Simulating the Effect of Business Tax Abolition through a New Regional CGE Model</title><author>Baldassarre, Alessio ; Calà, Valerio Ferdinando ; Carullo, Danilo ; Dudu, Hasan ; Fusco, Elisa ; Giacobbe, Pasquale ; Orecchia, Carlo</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-worldbank_openknowledgerepository_10986_396383</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2023</creationdate><topic>APPLIED EQUALIBRIUM MODEL</topic><topic>BUSINESS TAX</topic><topic>CGE MODEL</topic><topic>FISCAL POLICY</topic><topic>REGIONAL GENERAL EQUILIBRIUM MODEL</topic><topic>REGIONAL SOCIAL ACCOUNTING MATRIX</topic><toplevel>online_resources</toplevel><creatorcontrib>Baldassarre, Alessio</creatorcontrib><creatorcontrib>Calà, Valerio Ferdinando</creatorcontrib><creatorcontrib>Carullo, Danilo</creatorcontrib><creatorcontrib>Dudu, Hasan</creatorcontrib><creatorcontrib>Fusco, Elisa</creatorcontrib><creatorcontrib>Giacobbe, Pasquale</creatorcontrib><creatorcontrib>Orecchia, Carlo</creatorcontrib><collection>Open Knowledge Repository</collection></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext_linktorsrc</fulltext></delivery><addata><au>Baldassarre, Alessio</au><au>Calà, Valerio Ferdinando</au><au>Carullo, Danilo</au><au>Dudu, Hasan</au><au>Fusco, Elisa</au><au>Giacobbe, Pasquale</au><au>Orecchia, Carlo</au><format>book</format><genre>document</genre><ristype>GEN</ristype><atitle>Simulating the Effect of Business Tax Abolition through a New Regional CGE Model</atitle><date>2023-04-05</date><risdate>2023</risdate><abstract>The main goal of regional computable general equilibrium
models is to analyze how different regions within a specific area react to certain shocks. Therefore, countries with
high heterogeneity among regions, like Italy, constitute an
interesting case study for regional computable general equilibrium model analysis. This paper presents the regional part
of the new (recursive) dynamic single-country computable
general equilibrium model called the Italian Regional and
Environmental Computable General Equilibrium of the
Department of Finance, based on the Mitigation, Adaptation and New Technologies Applied General Equilibrium
model of the World Bank. A new regional social accounting
matrix for Italy (20 regions at the Nomenclature of territorial units for statistics level) has been constructed. The social
accounting matrix is used as input data to simulate the abolition of the regional tax on productive activities (regional
business tax) through three different scenarios, focusing
on the effects on gross domestic product, regional value
added, and welfare. The results show that under the modeling assumptions, the complete abolition of the regional
tax on productive activities would positively impact Italian
economic growth and regional welfare.</abstract><pub>World Bank, Washington, DC</pub><oa>free_for_read</oa></addata></record> |
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| subjects | APPLIED EQUALIBRIUM MODEL BUSINESS TAX CGE MODEL FISCAL POLICY REGIONAL GENERAL EQUILIBRIUM MODEL REGIONAL SOCIAL ACCOUNTING MATRIX |
| title | Simulating the Effect of Business Tax Abolition through a New Regional CGE Model |
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