Dynamic Welfare Effects of Tax Reform: Case of Korea
This paper analyzes welfare effects of revenue neutral tax reform using a small open economy dynamic general equilibrium model. We apply this model to the Korean data and examine welfare effects of various tax reforms; removal of capital income tax and/or labor income tax financed by consumption tax...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
2007-12-01
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| Series: | KDI Journal of Economic Policy |
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| Online Access: | https://doi.org/10.23895/kdijep.2005.29.2.177 |