Tax policies’ impact on output, trade and income in Thailand

In this study, a consistent social accounting matrix (SAM) and a multisectoral computable general equilibrium (CGE) model were constructed for Thailand to quantitatively examine the dimensions of the effects of various industrial policies on key policy targets. The different policy scenarios analyzed the effects of alternative tax and transfer policies on output, trade flows and income distribution for particular industries and on the Thai economy as a whole. Finally the overall effects of Thai industry-specific industrial policy during the 1980–1985 period on output, trade flows, income distribution and welfare were evaluated.