The Economic Effects of the Dole Tax Plan
Table of Contents
- See the appendix for a description of the CGE model we used.
- For example, computable general equilibrium models are discussed at length in J. B. Shoven and J. Whalley, Applying General Equilibrium (Cambridge, U.K.: Cambridge University Press, 1992).
- This study does not report the details of international trade, although the model includes a foreign sector. Details of foreign trade are available from the authors.
- It should be noted that these are relative, not nominal, prices. Because production increases in all sectors except one, prices could actually fall if the quantity of money remained constant.
- See M. J. Boskin, "Taxation, Saving and the Rate of Interest," Journal of Political Economy, 1978, 86 pt. 2: S3-S27. We use Boskin's savings elasticity estimates for the various income groups, which average around 0.4, for the CGE simulations reported.
- Congressional Budget Office, Understanding Fiscal Policy (Washington: U.S. Government Printing Office, 1978), p. 25.
- Lawrence B. Lindsey, The Growth Experiment (New York: Basic Books 1990), p. 74-76.
- Congressional Budget Office, An Analysis of the Roth-Kemp Tax Cut Proposal (Washington: U.S. Government Printing Office, 1978), p. 45.