Static and Dynamic Applied General Equilibrium Tax and Trade Policy Models of the UK Economy

Contents Foreword. I. Static multi capital asset general equilibrium tax model of the UK Economy 1. Introduction. 2. Model structure. 3. Benchmark data sources for Ge tax Model of the UK Economy. 4. Tax rates model parameters and elasticities. 5. Analysis of model results efficiency allocation impacts and marginal excess burdens of public funds in the Basic UK. II. Dynamic general equilibrium tax model of the UK Economy 6. Dynamic multisectoral general equilibrium tax model of the UK Economy. 7. Calibration and application of dynamic multisectoral general equilibrium tax model of the UK Economy. III. Global general equilibrium trade model from UK Perspective 8. Welfare gains to UK from a global free trade. 9. Conclusions and recommendations. References. Instructions for running the model. Index. This book contains three types of applied general equilibrium models of the UK Economy static multi sectoral multi household multi capital asset model in Part I dynamic general equilibrium model in Part II and global general equilibrium trade model in Part III. It includes details on specification benchmark calibration and assessment of policy reform experiments on relative prices allocation of resources and economy wide welfare costs to UK households along with GAMS/MPSGE codes that have been constructed to compute these model scenarios. This book has been benefited from the research undertaken by the author for the ESRC Project on dynamic general equilibrium modelling of UK Policy issues and can be useful to students researcher teachers and policy makers who are concerned in evaluating the impacts of public finance and trade policies particularly in the context of the UK Economy. 216 pp.…