Temat: Computable General Equilibrium model - Katalog OPAC zbiorów

Skocz do pozycji: 1.

Tytuł:: The effects of illicit cigarette trade in South Africa: a CGE analysis
Autorzy:: Erero, Jean Luc
Powiązania:: https://bibliotekanauki.pl/articles/522443.pdf
Data publikacji:: 2020
Wydawca:: Uniwersytet Ekonomiczny w Katowicach
Tematy:: Computable General Equilibrium model
Illicit cigarette
South Africa
Opis:: Aim/purpose – This paper evaluates the effects of the illicit cigarette trade on the South African economy through a static Computable General Equilibrium (CGE) model. Indeed, the illicit cigarette trade occupies a prominent place in public debate in South Africa. Design/methodology/approach – The base year Social Accounting Matrix (SAM) of the model is constructed from the data for 2015 to reflect the most recent information. The model includes a number of direct and indirect tax variables. The indirect tax section is decomposed into VAT, excise and fuel levy for analysis purposes. The household section considered all income categories with 14 distinct deciles. Findings – One policy simulation was carried out to evaluate the effect of the illicit cigarette trade on growth and income distribution. Our findings show that the loss of R8 billion in tax revenue given the current growth of the illicit cigarette market has impacted negatively on the country’s GDP and employment rate. Research implications/limitations – We utilised the latest available data for 2015 when constructing the SAM that was used as database for the model. The assessment of the illicit cigarette trade through the application of a CGE model provided strategies for the implementation of a specific Cigarette Governing Body, with distinct areas of accountability focusing solely on illicit cigarettes. Originality/value/contribution – There is a need for urgent attention from the state to combat the trade in illicit cigarettes, as most of this illegal product is produced in South Africa. This paper contributes by expanding awareness amongst policy makers and the public regarding the connection between the illicit trade in licit goods, corruption, and organised criminal networks.
Źródło:: Journal of Economics and Management; 2020, 40; 5-35
1732-1948
Pojawia się w:: Journal of Economics and Management
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 2.

Tytuł:: Impact of excise tax on the South African economy: A dynamic CGE approach
Autorzy:: Erero, Jean Luc
Powiązania:: https://bibliotekanauki.pl/articles/522324.pdf
Data publikacji:: 2019
Wydawca:: Uniwersytet Ekonomiczny w Katowicach
Tematy:: Dynamic Computable General Equilibrium model
Excise tax
South Africa
Opis:: Aim/purpose – This paper analyses the impact of excise tax on the South African economy by means of a Dynamic Computable General Equilibrium (CGE) model. We utilised a policy simulation to evaluate the effects of an excise tax, with the results indicating that the rise in excise tax should not impinge on lower revenue households, as long as the greater government revenue flows to those households. Design/methodology/approach – The model applied in this study includes a specific database composed of a Social Accounting Matrix (SAM) constructed from data for the period 2010. A specific indirect tax block was disaggregated in such a way that VAT, excise tax and fuel levy taxes could be analysed. The household sector was further subdivided into 14 different revenue households. Findings – The simulation results indicate that GDP is linked to certain variables, for example absorption and consumption, which are negatively marked by the short run settings. The trend changed positively from the base year 2018 to the following year 2019 with a constant increase until 2023. The main reason for the increase is that the change in investment proportionally affects the total absorption in the market system. Research implications/limitations – The CGE model has been used extensively by the researchers for economic analyses of various projects. The production data constitute the main limitation, as Statistics South Africa has delayed collecting recent data. For this reason, data for the year 2010 were used in the SAM as the database for the CGE model. Originality/value/contribution – The specific economic tool, i.e. the dynamic CGE model, used in this study was seen to be the best model as far as an analysis of the excise tax was concerned. This model has never been used to study the excise tax in South Africa before, although Erero (2015) analysed the effects of increases in VAT through a dynamic CGE model, and found that the percentage increase in VAT would not affect lower revenue households negatively if the higher government revenue flowed to those households.
Źródło:: Journal of Economics and Management; 2019, 37; 23-44
1732-1948
Pojawia się w:: Journal of Economics and Management
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Skocz do pozycji: 3.

Tytuł:: Contribution of VAT to economic growth: A dynamic CGE analysis
Autorzy:: Erero, Jean Luc
Powiązania:: https://bibliotekanauki.pl/articles/2027248.pdf
Data publikacji:: 2021
Wydawca:: Uniwersytet Ekonomiczny w Katowicach
Tematy:: Dynamic computable general equilibrium (CGE) model
South African Revenue Service (SARS)
Value Added tax (VAT)
Opis:: Aim/purpose–This study sought to assess the impact of an increased historical fixed VAT rate of 14% to the current rate of 15% on the South African economy. Design/methodology/approach–The method applied in this study was based on a Dynamic Computable General Equilibrium (CGE) model to evaluate the impact of both the VAT rate of 14% and a new rate of 15% on the South African economy. The CGE model has been proven over the years to be a suitable model when evaluating the impact assessment of any shock within an economy. Enhancements were made by the researcher to the direct and indirect tax section of the model, i.e., the direct tax section was disaggregated, such that for both firm and household revenues, a dividend income stream is separated from other income streams. The main reason is to facilitate a detailed analysis of Corporate Income Tax (CIT) and Personal Income Tax (PIT), as well as the latest implemented Dividend Tax (DT).Findings–When VAT was increased from 14% to 15%, the immediate reaction of the shock from the Dynamic CGE model indicates that the Gross Domestic Product (GDP) declined by 0.0002% in 2018, but increased by 0.0028% in the following year (2019). The trend continued until 2021, hence the 1% increase in the VAT tax rate will increase the expected forecast of VAT collection by approximately R3.2 billion on average. Research implications/limitations–The findings of this study will be implemented by the South African government, which will use a dynamic CGE model to assess South Africa’s VAT contribution to the economy. The database of the CGE model was limited to the Social Accounting Matrix (SAM) for 2015. Originality/value/contribution–The study recommends the use of this method for assessing the impact of tax policy changes to the South African economy. The CGE model seems to be the best model as far as the impact assessment of a shock in the economy is concerned. This will assist the South African authorities with their decision making regarding future VAT revenue.
Źródło:: Journal of Economics and Management; 2021, 43; 22-51
1732-1948
Pojawia się w:: Journal of Economics and Management
Dostawca treści:: Biblioteka Nauki

Artykuł

Zmień widok

na półce

Informacja

Wyszukujesz frazę "Computable General Equilibrium model" wg kryterium: Temat

Źródło danych

Dostawca treści

Kolekcja

Rok wydania

Wydawca

Temat

Autor

Typ dokumentu

Język