by Leung Wai-Leung. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1999. / Includes bibliographical references (leaves 71-73 (2nd gp.)). / Abstracts in English and Chinese. / Acknowledgements --- p.ii / Abstract --- p.iii / Table of Contents --- p.vi / Chapter / Chapter I --- Introduction --- p.1 / Chapter II --- Literature Review --- p.5 / Chapter III --- The Model --- p.17 / Chapter IV --- Simulating The Tax Cut --- p.32 / Chapter V --- Cutting Tax in A Balanced Growth Economy --- p.40 / Chapter VI --- Welfare Analysis --- p.47 / Chapter VII --- Sensitivity Analysis --- p.50 / Chapter VIII --- Conclusion --- p.59 / Appendix A --- p.62 / Appendix B --- p.64 / Appendix C --- p.68 / Reference --- p.71