This paper describes a simple way to integrate the debt tax shield into an accounting-based valuation model. The market value of equity is determined by forecasting residual operating income, which is calculated by charging operating income for the operating assets at a required return that...

Countries around the world continue to tax corporate income at significant rates despite downward pressures from international competition. Average statutory corporate income tax rates fell from 46% in 1982 to 33% in 1999, though tax bases simultaneously broadened, as a result of which average...

The current obesity crisis in the United States is generating numerous alternative policy options for combating the problem. One alternative that has been widely proposed is an excise or sales tax on sugar-sweetened non-alcoholic beverages. This literature started out within a very simple...

The Hudson-Jorgenson Energy/Economic Model - formally known as the Long Term Interindustry Transactions Model (LITM) - is an econometric model of the structure of the US economy. LITM integrates two separate models into one integrated system. These models are the Macroeconomic Model, a growth...

Disruptions in the supply of strategic resources or other crucial factor inputs often present significant problems for planners and policymakers. The problem may be particularly significant at the regional level where higher levels of product specialization mean supply restrictions are more...

This report summarizes the methods and conclusions of an economic analysis of the distributional effects of alternative actions that Sierra Nevada could take with its new marketing plan. These alternatives are summarized in the agency`s Environmental Impact Statement (EIS), and this study...

How can we estimate the negative externalities of agriculture at the national level, and attribute these to specific production activities and outputs? The paper presents a method that calculates the mass flow in the whole agricultural sector including inputs from other sectors, and that allows...

As agricultural policy reform and its effects have become increasingly territorialised, analyseswhich attempt to explain or predict impacts need to be more localised but also identify spillovereffects. In addition to the predictions of policy shocks predicted by sectoral partialequilibrium...

The input-output (IO) analysis explores changes in final demand through the regional economy using multipliers. However, it isn’t flexible to investigate the regional impact from the capacity limitations which are directly imposed on production, not final demand. This is because the...