Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.chieco.2004.10.002
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dc.titleAn evaluation of the 1994 tax reform in China using a general equilibrium model
dc.contributor.authorToh, M.-H.
dc.contributor.authorLin, Q.
dc.date.accessioned2013-10-09T06:53:52Z
dc.date.available2013-10-09T06:53:52Z
dc.date.issued2005
dc.identifier.citationToh, M.-H., Lin, Q. (2005). An evaluation of the 1994 tax reform in China using a general equilibrium model. China Economic Review 16 (3) : 246-270. ScholarBank@NUS Repository. https://doi.org/10.1016/j.chieco.2004.10.002
dc.identifier.issn1043951X
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/44310
dc.description.abstractThis paper applies a computable general equilibrium model to analyze the effects of the 1994 tax reform in China. The result of the simulations shows that small aggregate welfare gains are obtained from the 1994 tax reform. However, household groups are worse off because of the redistribution of resources from household to government sectors. There will be a substantial increase in the government revenue and the prudent and productive use of the increased revenue could improve the welfare of the households. This result also suggests that the statutory rates introduced in 1994 may be too high from the equal yield standpoint. It is suggested that further improvements in the tax system can be made by extending a consumption-type VAT to other sectors currently not included in the reform. © 2005 Elsevier Inc. All rights reserved.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.chieco.2004.10.002
dc.sourceScopus
dc.subjectCGE model
dc.subjectChina
dc.subjectIncome inequality
dc.subjectTax reform
dc.subjectVAT
dc.typeArticle
dc.contributor.departmentBUSINESS POLICY
dc.description.doi10.1016/j.chieco.2004.10.002
dc.description.sourcetitleChina Economic Review
dc.description.volume16
dc.description.issue3
dc.description.page246-270
dc.identifier.isiut000232896700003
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