scholarly journals Assessing the Impact of the United States–People’s Republic of China Trade Dispute Using a Multiregional Computable General Equilibrium Model

2020 ◽  
Author(s):  
Elisabetta Gentile ◽  
Gen Li ◽  
Mahinthan Joseph Mariasingham
Keyword(s):  
United States ◽  
General Equilibrium ◽  
Equilibrium Model ◽  
Computable General Equilibrium ◽  
The United States ◽  
Computable General Equilibrium Model ◽  
Republic Of China ◽  
Trade Dispute ◽  
China Trade ◽  
The Impact

The Effects of Reducing the Motor Fuels Excise Tax on Agriculture in the United States

1997 ◽  
Vol 8 (1) ◽  
pp. 45-63
Author(s):  
Noel D. Uri ◽  
Roy Boyd
Keyword(s):  
United States ◽  
Diesel Fuel ◽  
Computable General Equilibrium ◽  
The United States ◽  
Computable General Equilibrium Model ◽  
Excise Tax ◽  
Goods And Services ◽  
Motor Fuels ◽  
The Government ◽  
The Impact

The analysis in this paper examines the impact of reducing the federal excise tax on gasoline and diesel fuel on the United States economy in general and the agricultural sectors in particular. The analytical approach used in the analysis consists of a computable general equilibrium model composed of fourteen producing sectors. fourteen consuming sectors, six household categories classified by income and a government. The effects of a 4.3 cents per gallon reduction in the excise tax on gasoline and diesel fuel in prices and quantities are examined. The results suggest. for example, a decrease in the tax would result in higher output by the producing sectors (by about $2.86 billion), a decline in output in the agricultural sectors of about 0.01 percent or $18.4 million. an expansion in the consumption of goods and services (by about $3.84 billion), and an increase in welfare (by about $3.59 billion). The government would realize a decrease in revenue of about $2.37 billion. When subjected to a sensitivity analysis. the results are reasonably robust with regard to the assumption of the values of the substitution elasticities.

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