Abstract
This chapter contains our simulation results and explains them in economic terms. Starting with the data set for 1981, we used the fully specified CGE model from Chapter IV to compute a number of hypothetical (“counterfactual”) equilibria corresponding to different VAT reform options. Using summary statistics, the results are then compared with the original pre-change (“benchmark”) equilibrium. We then try to explain the numerical results in economic terms.
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References
Textbook expositions may be found in McKenzie (1983), Boadway and Bruce (1984), Johansson (1987) and Ahlheim and Rose (1989).
This subsection heavily relies on Fehr, Rosenberg and Wiegard (1993). Whereas the numerical results differ due to revised estimates of cross-border direct consumption sales, the economic explanations remain the same.
Key references are Pagan and Shannon (1985), Harrison, Jones, Kimbell and Wigle (1993), Harrison and Vinod (1992), and Wigle (1991).
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© 1995 Springer-Verlag Berlin · Heidelberg
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Fehr, H., Rosenberg, C., Wiegard, W. (1995). Simulation Results and Economic Interpretations. In: Welfare Effects of Value-Added Tax Harmonization in Europe. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-79493-3_6
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DOI: https://doi.org/10.1007/978-3-642-79493-3_6
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-79495-7
Online ISBN: 978-3-642-79493-3
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