Applications of General Equilibrium Models to the 1986 Tax Reform Act in The United States

1991 ◽  
pp. 7-28 ◽  
Author(s):  
Yolanda K. Henderson
Keyword(s):  
United States ◽  
General Equilibrium ◽  
Tax Reform ◽  
The United States ◽  
Equilibrium Models ◽  
General Equilibrium Models

scholarly journals The Life Cycle of Plants in India and Mexico *

2014 ◽  
Vol 129 (3) ◽  
pp. 1035-1084 ◽  
Author(s):  
Chang-Tai Hsieh ◽  
Peter J. Klenow
Keyword(s):  
United States ◽  
Life Cycle ◽  
General Equilibrium ◽  
The United States ◽  
Process Efficiency ◽  
Equilibrium Models ◽  
General Equilibrium Models ◽  
The Difference ◽  
Manufacturing Productivity ◽  
Age Range

Abstract In the United States, the average 40-year-old plant employs more than seven times as many workers as the typical plant 5 years or younger. In contrast, surviving plants in India and Mexico exhibit much slower growth, roughly doubling in size over the same age range. The divergence in plant dynamics suggests lower investments by Indian and Mexican plants in process efficiency, quality, and in accessing markets at home and abroad. In simple general equilibrium models, we find that the difference in life cycle dynamics could lower aggregate manufacturing productivity on the order of 25 percent in India and Mexico relative to the United States.

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