Publication:
Simulating the Effect of Business Tax Abolition through a New Regional CGE Model: Evidence from Italy

Simple item page
dc.contributor.authorBaldassarre, Alessio
dc.contributor.authorCalà, Valerio Ferdinando
dc.contributor.authorCarullo, Danilo
dc.contributor.authorDudu, Hasan
dc.contributor.authorFusco, Elisa
dc.contributor.authorGiacobbe, Pasquale
dc.contributor.authorOrecchia, Carlo
dc.date.accessioned2023-04-05T20:41:03Z
dc.date.available2023-04-05T20:41:03Z
dc.date.issued2023-04-05
dc.description.abstractThe 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/099256203292313304/IDU0d4c5420a036e3048de0875f0c8c25d7dca6a
dc.identifier.doi10.1596/1813-9450-10387
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39638
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers; 10387
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectCGE MODEL
dc.subjectBUSINESS TAX
dc.subjectFISCAL POLICY
dc.subjectAPPLIED EQUALIBRIUM MODEL
dc.subjectREGIONAL GENERAL EQUILIBRIUM MODEL
dc.subjectREGIONAL SOCIAL ACCOUNTING MATRIX
dc.titleSimulating the Effect of Business Tax Abolition through a New Regional CGE Modelen
dc.title.subtitleEvidence from Italyen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleSimulating the Effect of Business Tax Abolition through a New Regional CGE Model: Evidence from Italy
okr.date.disclosure2023-03-29
okr.date.lastmodified2023-03-29T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099256203292313304/IDU0d4c5420a036e3048de0875f0c8c25d7dca6a
okr.guid099256203292313304
okr.identifier.doi10.1596/1813-9450-10387
okr.identifier.externaldocumentum34030944
okr.identifier.internaldocumentum34030944
okr.identifier.reportWPS10387
okr.import.id332
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099256203292313304/pdf/IDU0d4c5420a036e3048de0875f0c8c25d7dca6a.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryItaly
okr.topicMacroeconomics and Economic Growth::Taxation & Subsidies
okr.topicMacroeconomics and Economic Growth::Tax Havens
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.unitEFI-MTI-Global Macro and Debt (EMFMD)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
IDU0d4c5420a036e3048de0875f0c8c25d7dca6a.pdf
Size:
1.34 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
IDU0d4c5420a036e3048de0875f0c8c25d7dca6a.txt
Size:
73.11 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers