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International Journal of Global Studies

Volume 1, Issue 1, pp. 5-19

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 Title

Welfare and growth impacts of taxes: Applied general equilibrium models of Ghana

 

 Author(s)

Keshab Bhattarai and Emmanuel Okyere

 

 Address(es)

Centre for Economic Policy, Business School, University of Hull, Cottingham Road, HU6 7RX, United Kingdom.

 

 Accepted Date

25th January, 2013

 

 Citation

Bhattarai K and Okyere E (2013). Welfare and growth impacts of taxes: Applied general equilibrium models of Ghana. Int'l. J. Glob. Stud. 1(1): 5-19

 

 Abstract

This paper presents static and dynamic multisectoral computable general equilibrium models for Ghana. Equal yield tax reforms generate welfare gains to the households around 2 percent of GDP. The dynamic model provides a consistent framework to study the evolution of the economy with various planning horizons geared to reduce poverty in Ghana. Issues of efficiency in allocation of resources, equity and redistribution of income across households and allocation of capital and growth by sectors and other policy measures relating to the deficits in the public budget or in the balance of payments are also analysed.

 

Key words: Ghana, taxes, redistribution, growth, applied general equilibrium model

 

Jel Classification: D5, D6, H2, H3,O1

 

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Bhattarai K

Okyere E

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