Hui Wang,王彦一,张顺明——APPLIED ECONOMICS:Numerical Simulation on Property Tax Reform: Evidence from China
时间:2019-04-01
This article analyses the property tax reform in China in a computable general equilibrium model that recognizes the interaction between and among housing markets in different provinces and macroeconomic development. Using real data in 2010, we present the benchmark equilibrium for reference property and income tax rates. Then, we examine different property and income tax policies and make a comparison of their production, consumption, welfare and national income. We find that the implementation