As the federal deficit rises in the United States, interest in a consumption tax system or the value added tax (VAT) also increases. This investigation attempts to determine the short-run impacts of a value added tax upon private forest management. A literature review investigates the theoretical economic impacts of a VAT and experience with the tax in other countries. Then supply and demand functions in both the southern pine sawtimber stumpage and new single-facility housing sector are empirically derived. These functions are used to determine the short-run housing price elasticities of the quantity of houses sold and the price and quantity of stumpage sold. From this, the impact of a VAT-induced housing price change is determined, and simulation with different VAT rates are performed. Based on housing markets alone, it is found that a VAT is likely to cause a short-run reduction in sawtimber stumpage price and quantity demanded which is less than 1/10 percent of the VAT rate. / M.S.
| Identifer | oai:union.ndltd.org:VTETD/oai:vtechworks.lib.vt.edu:10919/105973 |
| Date | January 1983 |
| Creators | D'Angelo, Karen Rose |
| Contributors | Forestry |
| Publisher | Virginia Polytechnic Institute and State University |
| Source Sets | Virginia Tech Theses and Dissertation |
| Language | English |
| Detected Language | English |
| Type | Thesis, Text |
| Format | vii, 120 leaves, application/pdf, application/pdf |
| Rights | In Copyright, http://rightsstatements.org/vocab/InC/1.0/ |
| Relation | OCLC# 10774678 |
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