Econometrica: Nov 1977, Volume 45, Issue 8

The United Kingdom Tax System 1968-1970: Some Fixed Point Indications of Its Economic Impact

https://doi.org/0012-9682(197711)45:8<1837:TUKTS1>2.0.CO;2-H
p. 1837-1858

John Whalley

Proposals for the computation of competitive equilibria in the presence of taxation contained in recent joint work by the author are applied to a model of the United Kingdom economy and tax system for the period 1968-1970. Difficulties of model specification and parameterization are also discussed. Results provide indications of efficiency, distributional, and welfare impacts for a number of alternative tax changes.

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