Tax reform in production networks
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | https://hdl.handle.net/10438/31469 |
Resumo: | This paper studies the effects of a tax reform that eliminates heterogeneity of tax rates and cumulative taxation in a production networks model calibrated for Brazil. In modern economies, industries are highly connected through input-output linkages and changes in tax costs are not confined within industries. The tax reform shocks propagate through the production network, which may amplify the results of the reform. Therefore, it is essential to consider the production networks in the tax reform analysis. Our results indicate that the tax reform generates gains of 0.93% of welfare and 2.15% of real GDP. In addition, the gains are amplified by the production network since real GDP growth is approximately 50% higher than in an economy without input-output linkages. We are also interested in how tax reform changes connections between sectors. In this sense, our results indicate that important suppliers from sectors that face higher reduction in tax costs become more relevant in the network. In addition, the reform tends to distance sectors from final demand, especially when we eliminate cumulative taxation. |
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Soares, Johann Rodrigues de SouzaEscolas::EPGESilva, DejanirCosta, Carlos Eugênio daFerreira, Pedro CavalcantiGomes, Diego Braz Pereira2022-01-03T17:21:11Z2022-01-03T17:21:11Z2021-03-30https://hdl.handle.net/10438/31469This paper studies the effects of a tax reform that eliminates heterogeneity of tax rates and cumulative taxation in a production networks model calibrated for Brazil. In modern economies, industries are highly connected through input-output linkages and changes in tax costs are not confined within industries. The tax reform shocks propagate through the production network, which may amplify the results of the reform. Therefore, it is essential to consider the production networks in the tax reform analysis. Our results indicate that the tax reform generates gains of 0.93% of welfare and 2.15% of real GDP. In addition, the gains are amplified by the production network since real GDP growth is approximately 50% higher than in an economy without input-output linkages. We are also interested in how tax reform changes connections between sectors. In this sense, our results indicate that important suppliers from sectors that face higher reduction in tax costs become more relevant in the network. In addition, the reform tends to distance sectors from final demand, especially when we eliminate cumulative taxation.engProduction networksTax reformDistortionary taxationFinançasReforma tributáriaReforma tributária - BrasilImpostosIndústrias – Aspectos econômicosTax reform in production networksinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesis2021-03-30reponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessTHUMBNAILDissertacao_JohannSoares_FINAL.pdf.jpgDissertacao_JohannSoares_FINAL.pdf.jpgGenerated Thumbnailimage/jpeg1570http://bibliotecadigital.fgv.br:80/dspace/bitstream/10438/31469/4/Dissertacao_JohannSoares_FINAL.pdf.jpgb1f67dc831b1466da87922f10a4bbe43MD54TEXTDissertacao_JohannSoares_FINAL.pdf.txtDissertacao_JohannSoares_FINAL.pdf.txtExtracted 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dc.title.eng.fl_str_mv |
Tax reform in production networks |
title |
Tax reform in production networks |
spellingShingle |
Tax reform in production networks Soares, Johann Rodrigues de Souza Production networks Tax reform Distortionary taxation Finanças Reforma tributária Reforma tributária - Brasil Impostos Indústrias – Aspectos econômicos |
title_short |
Tax reform in production networks |
title_full |
Tax reform in production networks |
title_fullStr |
Tax reform in production networks |
title_full_unstemmed |
Tax reform in production networks |
title_sort |
Tax reform in production networks |
author |
Soares, Johann Rodrigues de Souza |
author_facet |
Soares, Johann Rodrigues de Souza |
author_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.member.none.fl_str_mv |
Silva, Dejanir Costa, Carlos Eugênio da |
dc.contributor.author.fl_str_mv |
Soares, Johann Rodrigues de Souza |
dc.contributor.advisor1.fl_str_mv |
Ferreira, Pedro Cavalcanti Gomes, Diego Braz Pereira |
contributor_str_mv |
Ferreira, Pedro Cavalcanti Gomes, Diego Braz Pereira |
dc.subject.por.fl_str_mv |
Production networks Tax reform Distortionary taxation |
topic |
Production networks Tax reform Distortionary taxation Finanças Reforma tributária Reforma tributária - Brasil Impostos Indústrias – Aspectos econômicos |
dc.subject.area.por.fl_str_mv |
Finanças |
dc.subject.bibliodata.por.fl_str_mv |
Reforma tributária Reforma tributária - Brasil Impostos Indústrias – Aspectos econômicos |
description |
This paper studies the effects of a tax reform that eliminates heterogeneity of tax rates and cumulative taxation in a production networks model calibrated for Brazil. In modern economies, industries are highly connected through input-output linkages and changes in tax costs are not confined within industries. The tax reform shocks propagate through the production network, which may amplify the results of the reform. Therefore, it is essential to consider the production networks in the tax reform analysis. Our results indicate that the tax reform generates gains of 0.93% of welfare and 2.15% of real GDP. In addition, the gains are amplified by the production network since real GDP growth is approximately 50% higher than in an economy without input-output linkages. We are also interested in how tax reform changes connections between sectors. In this sense, our results indicate that important suppliers from sectors that face higher reduction in tax costs become more relevant in the network. In addition, the reform tends to distance sectors from final demand, especially when we eliminate cumulative taxation. |
publishDate |
2021 |
dc.date.issued.fl_str_mv |
2021-03-30 |
dc.date.accessioned.fl_str_mv |
2022-01-03T17:21:11Z |
dc.date.available.fl_str_mv |
2022-01-03T17:21:11Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
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info:eu-repo/semantics/masterThesis |
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https://hdl.handle.net/10438/31469 |
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https://hdl.handle.net/10438/31469 |
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eng |
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eng |
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info:eu-repo/semantics/openAccess |
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openAccess |
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