Cite as: G. Eliasson, T. Lindberg; 2024; Allocation and Growth Effects of Corporate Income Taxes-Some Experiments in Quantification on a Micro-to-Macro Model of the Swedish Economy; International Journal of Microsimulation; 17(2); 157–180. doi: 10.34196/ijm.00294
This article contains 9 figures and 2 tables.
Figures
Figure 1. Share of investment, employment, va0lue added and operating profits in percent of total manufacturing for Engineering industries and Raw material* based industries.Figure 2. Relative export prices 1950-1987. Index 100 = average price for all exports.Figure 3. (A) Investments in Total Manufacturing, 1968-1987. Index 100 = Reference base case. (B) Private Consumption, 1968-1987. Index 100 = Reference base case.Figure 4. Total Manufacturing Output, 1968-1987. Index 100 = average price for all exports.Figure 5. (A) Ratio of Investment in Raw Materials Production (RAW) and in Engineering (DUR), 1950-1987. (B) Employment in Engineering (DUR) in percent of Total Manufacturing Employment, 1950-1987. (C) Employment in Raw Materials Production (RAW) in percent of Total Manufacturing Employment, 1950-1987. (D) Operating Profits in Engineering (DUR) in percent of Profits in Total Manufacturing, 1950-1987. (E) Operating Profits in Raw Materials Production (RAW) in percent of Profits in Total Manufacturing, 1950-1987. (F) Value Added in Engineering (DUR) in percent of Value Added in Total Manufacturing, 1950-1987. (G) Value Added in Raw Materials Production (RAW) in percent of Value Added in Total Manufacturing, 1950-1987.Figure 6. (A) Rate of Return on Total Assets before Tax, 1968-1987. Total Manufacturing. Index 100 = Reference base case. (B) Rate of Return on Total Assets before Tax, 1968-1987. Engineering (DUR) in Relation to Total Manufacturing. Index 100 = Reference base case. (C) Rate of Return on Total Assets before Tax, 1968-1987. Raw Materials Production (RAW) in Relation to Total Manufacturing. Index 100 = Reference base caseFigure 7. Rate of Taxation* in Total Manufacturing, 1968-1987. Index 100 = Reference base caseFigure 8. Rate of Return on total capital before tax (percent)Figure 9. Rate of Return on Net Worth before (RWN) and after (RWNT) tax 1979 (Percent).
Tables
Table 2. Real return to total capital before tax. Index 100 = References base case.
Scenario
Foreign price development
Fiscal depreciation rate
Raw materials
Engineering
Total industry
1968/77
1978/87
1968/87
1968/77
1978/87
1968/87
1968/77
1978/87
1968/87
A
Neutral
25%
109
109
109
97
100
99
98
98
98
5%
105
153
129
86
89
87
96
105
100
B
Slow
25%
68
10
39
122
176
149
105
139
122
pivoting
5%
82
-
-
105
-
-
99
-
-
C
Fast
25%
97
23
60
106
164
135
98
105
101
pivoting
5%
97
20
58
91
166
128
97
139
118
5-25 %
95
21
58
91
168
130
96
121
109
Note: The profitability in the two sectors is expressed in relation to total industry.
Table 1. Investment and output effects of fiscal experiments in manufacturing. In percent of reference base case (= 100) on the average.
