An Application of the Integrated Transport Network-Multi-regional CGE Model An Impact Analysis of Government-Financed Highway Projects
Euijune Kim,
Hong Sok Kim and
Geoffrey Hewings
Journal of Transport Economics and Policy, 2011, vol. 45, issue 2, 223-245
Abstract:
This paper analyses the impacts of highway development with different financing strategies. We examine two ways in which the government can finance highway development projects: it can (a) use current tax system, or (b) impose earmarked taxes. Our model is composed of a transport network model and a multi-regional Computable General Equilibrium model. The model specifies the behaviours of sixteen producers, four regional households, four regional governments, a central government, and the rest of the world. The results indicate that imposing regional earmarked taxes has a greater effect on income growth and the reduction of regional income inequality than does the current tax system. © 2011 LSE and the University of Bath
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:tpe:jtecpo:v:45:y:2011:i:2:p:223-245
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