Econometrica: Nov 1977, Volume 45, Issue 8
The United Kingdom Tax System 1968-1970: Some Fixed Point Indications of Its Economic Impact
John WhalleyProposals 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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