文献详情
Numerical simulation on property tax reform: evidence from China
文献类型：期刊
通讯作者：Wang, YY (reprint author), Nanjing Univ, Sch Business, Nanjing 210093, Jiangsu, Peoples R China.; Zhang, SM (reprint author), Renmin Univ China, China Financial Policy Res Ctr, Beijing 100872, Peoples R China.
期刊名称：APPLIED ECONOMICS
年：2019
卷：51
期：20
页码：2172-2194
ISSN：0003-6846
关键词：General equilibrium; property tax; income tax; taxation reform
摘要：This article analyses the property tax reform in China in a computable general equilibrium model that recognizes the interaction between and among housing markets in different provinces and macroeconomic development. Using real data in 2010, we present the benchmark equilibrium for reference property and income tax rates. Then, we examine different property and income tax policies and make a comparison of their production, consumption, welfare and national income. We find that the implementation ...More
This article analyses the property tax reform in China in a computable general equilibrium model that recognizes the interaction between and among housing markets in different provinces and macroeconomic development. Using real data in 2010, we present the benchmark equilibrium for reference property and income tax rates. Then, we examine different property and income tax policies and make a comparison of their production, consumption, welfare and national income. We find that the implementation of property tax would decrease the house production at the expense of welfare in taxed area. The expansion of the taxed regions may increase the total social welfare and national income. Even though property tax policy may not be able to change the income distribution in China, increasing income tax rate could narrow the income disparity. Finally, this article shows the reliability of the conclusions when sensitivity analysis on optimal condition of equilibrium computation is performed under varied property tax policy. ...Hide

DOI：10.1080/00036846.2018.1540852
百度学术：Numerical simulation on property tax reform: evidence from China
语言：外文
被引频次：1
人气指数：3
浏览次数：3
基金：National Natural Science Foundation of China (NSFC)National Natural Science Foundation of China [71573220, 71773123]
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