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Information Journal Paper

Title

Effects of Direct Tax Shock on GDP and Inflation in Iran in the Context of a Dynamic Stochastic General Equilibrium Model

Pages

  1-45

Abstract

 The aim of this study was to investigate the effects of Direct taxes on macroeconomic variables, such as GDP and inflation. For this purpose, a Dynamic Stochastic General Equilibrium model has been developed. The results showed that a shock of standard deviation in Corporate taxes could reduce the GDP by 0. 13% and reduce the inflation rate by 0. 01%. In fact, raising taxes on companies reduces investment by 1. 5 percent. Also, the creation of a shock in the income tax of the labor force to the extent of a standard deviation causes the GDP to decrease by 0. 0074%, which is due to the decrease in the supply of labor. By applying income tax shock, the supply of labor will be reduced by 0. 012%. The effect of shock on GDP is eliminated after 10 periods. inflation rises to 0. 025 percent, then decreases to a stable level in less than a year.

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    APA: Copy

    MAKIYAN, SEYED NEZAMUDDIN, tavakolian, hosein, & Najafi Farashah, S.M.Saleh. (2020). Effects of Direct Tax Shock on GDP and Inflation in Iran in the Context of a Dynamic Stochastic General Equilibrium Model. JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), 13(49 ), 1-45. SID. https://sid.ir/paper/229282/en

    Vancouver: Copy

    MAKIYAN SEYED NEZAMUDDIN, tavakolian hosein, Najafi Farashah S.M.Saleh. Effects of Direct Tax Shock on GDP and Inflation in Iran in the Context of a Dynamic Stochastic General Equilibrium Model. JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT)[Internet]. 2020;13(49 ):1-45. Available from: https://sid.ir/paper/229282/en

    IEEE: Copy

    SEYED NEZAMUDDIN MAKIYAN, hosein tavakolian, and S.M.Saleh Najafi Farashah, “Effects of Direct Tax Shock on GDP and Inflation in Iran in the Context of a Dynamic Stochastic General Equilibrium Model,” JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), vol. 13, no. 49 , pp. 1–45, 2020, [Online]. Available: https://sid.ir/paper/229282/en

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