2016 Fiscal Year Final Research Report
An Analysis of the Effects of Tax Policy using DSGE Model
| Project/Area Number |
26380367
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Public finance/Public economy
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| Research Institution | The University of Kitakyushu |
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Principal Investigator |
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| Research Collaborator |
NANBA RYOICHI
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| Project Period (FY) |
2014-04-01 – 2017-03-31
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| Keywords | 財政学 / 消費税 / 法人税 / DSGE |
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| Outline of Final Research Achievements |
Using a DSGE model estimated by Bayesian inference methods, we investigated the short-to-mid term effects of tax reform policies, including the one increasing the consumption tax rate. For that purpose, we formulated a model with two types of workers, high-skilled and low-skilled ones, and estimated it with Bayesian methods. The main collusions are the following. (1) A consumption tax increase yielded a rise in the price level, but a decline in the consumption and production. (2) It increases the average wage rate and decreases the real interest rate. (3) The wage gap between the high-skilled and low-skilled workers shrinks in the short term, but (4) widens in the mid term. (5) As for the capital/labor income ratio , the labor’s share increases and the capital’s share declines in the short-to-mid term.
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| Free Research Field |
統計学
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