1995 | OriginalPaper | Buchkapitel
Simulation Results and Economic Interpretations
verfasst von : Dr. Hans Fehr, Dr. Christoph Rosenberg, Professor Dr. Wolfgang Wiegard
Erschienen in: Welfare Effects of Value-Added Tax Harmonization in Europe
Verlag: Springer Berlin Heidelberg
Enthalten in: Professional Book Archive
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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.