RT Journal Article
T1 A general equilibrium evaluation of tax policies in Spain during the great recession
A1 Alvarez Martínez, María Teresa
A1 Polo, Clemente
K1 Computable general equilibrium models
K1 Tax reforms
K1 Public deficit
AB The main goal of the paper is to assess the effects of several permanent tax rate hikes implemented by the Spanish Government in 2009 and 2010 to counteract the rapid increase of the public deficit and debt registered in 2009-10. It uses a numerical general equilibrium model calibrated to a social accounting matrix elaborated by the authors for the year 2000. The effects of increases in excise, value added and personal income taxes are simulated separately and jointly. The results indicate that the extra revenues obtained from each tax figure are lower than the ex-ante calculations estimated by the Government. Moreover, the reductions in the public deficit accomplished are considerably smaller due to general equilibrium effects such as lower production levels, greater unemployment rates and higher prices and transfers paid by the Government. The joint results indicate the enormous difficulties the Government faces to close the deficit gap by raising taxes.
PB Universidad de Zaragoza
SN 2340-4523
YR 2014
FD 2014
LK https://hdl.handle.net/10433/26121
UL https://hdl.handle.net/10433/26121
LA en
NO Revista de economía aplicada, ISSN 1133-455X, Vol. 22, Nº 65, 2014, págs. 99-116
NO Departamento de Economía, Métodos Cuantitativos e Historia Económica
DS RIO
RD May 22, 2026