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EATR_growth_workbook.ipynb

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+{
+ "cells": [
+  {
+   "cell_type": "code",
+   "execution_count": 1,
+   "metadata": {
+    "collapsed": true
+   },
+   "outputs": [],
+   "source": [
+    "import copy"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 2,
+   "metadata": {
+    "collapsed": false
+   },
+   "outputs": [
+    {
+     "ename": "NameError",
+     "evalue": "name 'execfile' is not defined",
+     "output_type": "error",
+     "traceback": [
+      "\u001b[0;31m---------------------------------------------------------------------------\u001b[0m",
+      "\u001b[0;31mNameError\u001b[0m                                 Traceback (most recent call last)",
+      "\u001b[0;32m<ipython-input-2-04f75ff4cae3>\u001b[0m in \u001b[0;36m<module>\u001b[0;34m()\u001b[0m\n\u001b[0;32m----> 1\u001b[0;31m \u001b[0mexecfile\u001b[0m\u001b[0;34m(\u001b[0m\u001b[0;34m'eatr_growth.py'\u001b[0m\u001b[0;34m)\u001b[0m\u001b[0;34m\u001b[0m\u001b[0m\n\u001b[0m",
+      "\u001b[0;31mNameError\u001b[0m: name 'execfile' is not defined"
+     ]
+    }
+   ],
+   "source": [
+    "execfile('eatr_growth.py')"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": 58,
+   "metadata": {
+    "collapsed": true
+   },
+   "outputs": [],
+   "source": [
+    "params_corptax_ref = {\n",
+    "    'ccr_method': 'EXP',\n",
+    "    'corptax_rate': 0.2,\n",
+    "    'int_deductibility': 0,\n",
+    "    'dividend_credit': 0\n",
+    "}\n",
+    "deltaInv = investmentResponse(params_corptax_ref, params_iitax_base, 'semi', -1.5)\n",
+    "growth_accounting(params_econ, deltaInv, 'basedata.csv', 'growthdata.csv', 2018)"
+   ]
+  },
+  {
+   "cell_type": "code",
+   "execution_count": null,
+   "metadata": {
+    "collapsed": true
+   },
+   "outputs": [],
+   "source": []
+  },
+  {
+   "cell_type": "code",
+   "execution_count": null,
+   "metadata": {
+    "collapsed": true
+   },
+   "outputs": [],
+   "source": []
+  }
+ ],
+ "metadata": {
+  "kernelspec": {
+   "display_name": "Python 3",
+   "language": "python",
+   "name": "python3"
+  },
+  "language_info": {
+   "codemirror_mode": {
+    "name": "ipython",
+    "version": 3
+   },
+   "file_extension": ".py",
+   "mimetype": "text/x-python",
+   "name": "python",
+   "nbconvert_exporter": "python",
+   "pygments_lexer": "ipython3",
+   "version": "3.6.0"
+  }
+ },
+ "nbformat": 4,
+ "nbformat_minor": 0
+}

basedata.csv

@@ -0,0 +1,30 @@
+year,K_equip,K_struc,K_ip,K_rr,I_equip,I_struc,I_ip,I_rr
+1987,3900.085,9540.71,906.564,2287.199,370.92,407.057,168.306,91.692
+1988,3950.974,9771.807,960.509,2324.093,391.579,408.148,175.99,80.447
+1989,4014.228,9996.389,1017.683,2354.392,407.37,405.878,191.276,81.347
+1990,4073.984,10223.867,1079.574,2381.293,396.609,425.709,203.326,76.445
+1991,4110.253,10426.599,1143.18,2396.928,371.387,368.15,214.19,61.564
+1992,4135.305,10574.6,1205.469,2404.03,382.518,327.753,220.929,61.96
+1993,4185.707,10705.007,1264.9,2413.235,429.202,343.615,228.907,68.242
+1994,4274.555,10838.623,1321.694,2426.141,469.326,344.328,236.147,71.89
+1995,4394.293,10978.152,1379.733,2446.971,506.044,365.365,251.935,86.688
+1996,4535.435,11137.189,1448.267,2474.017,531.925,392.863,278.107,87.052
+1997,4694.234,11317.572,1533.929,2501.988,565.336,417.319,309.518,91.38
+1998,4881.104,11511.747,1635.655,2529.536,616.165,429.67,339.318,89.102
+1999,5101.932,11703.923,1754.589,2559.872,666.473,422.335,380.461,99.939
+2000,5346.76,11908.081,1888.688,2594.509,703.666,462.047,414.484,100.878
+2001,5566.939,12128.868,2014.354,2625.954,661.565,463.706,415.568,96.94
+2002,5722.894,12297.511,2111.14,2656.537,618.418,365.903,408.596,102.575
+2003,5843.752,12405.39,2189.043,2692.891,628.508,349.364,422.027,112.023
+2004,5978.749,12502.489,2265.501,2734.877,679.629,350.391,442.247,117.667
+2005,6155.614,12603.38,2350.269,2779.792,745.635,362.599,472.222,122.057
+2006,6375.662,12722.213,2444.413,2820.146,803.33,391.692,494.302,113.032
+2007,6613.808,12880.443,2545.228,2848.893,824.829,446.784,518.556,103.398
+2008,6809.789,13077.635,2649.523,2863.141,765.717,475.182,533.705,88.377
+2009,6862.082,13236.631,2739.765,2859.326,580.376,376.236,523.16,71.195
+2010,6856.512,13312.89,2814.618,2841.202,677.096,314.925,533.333,63.087
+2011,6933.6,13363.363,2891.543,2818.603,764.48,328.796,551.755,65.008
+2012,7084.874,13439.947,2977.935,2800.087,849.43,371.143,574.515,73.606
+2013,7279.911,13542.872,3072.032,2789.132,881.556,385.973,592.857,82.215
+2014,7494.106,13679.261,3173.154,2784.573,922.01,443.028,618.558,88.316
+2015,7732.626,13829.036,3285.862,2787.782,967.283,418.343,651,99.474

default_params.json

@@ -0,0 +1,116 @@
+{
+    "real_int_rate": {
+        "param_type": "economic assumption",
+        "description": "real interest rate (relevant to the investment)",
+        "source": "assumed",
+        "value": [0.075]
+    },
+    "inflation_rate": {
+        "param_type": "economic assumption",
+        "description": "Expected annual inflation rate",
+        "source": "assumed based on CBO forcast of CPI inflation",
+        "value": [0.024]
+    },
+    "real_financial_return": {
+        "param_type": "economic assumption",
+        "description": "Real gross rate of return on an investment, including supernormal returns",
+        "source": "assumed",
+        "value": [0.2]
+    },
+    "debt_financing": {
+        "param_type": "economic assumption",
+        "description": "Debt financing share of the investment",
+        "source": "based on historical data",
+        "value": [0.32]
+    },
+    "new_equity_financing": {
+        "param_type": "economic assumption",
+        "description": "New equity (not retained earnings) financing share of the investment",
+        "source": "assumed",
+        "value": [0.0]
+    },
+    "corp_investment_share": {
+        "param_type": "economic assumption",
+        "description": "C-corporation share of private fixed investment",
+        "source": "based on calculation from Jason Debacker",
+        "value": [0.545]
+    },
+    "incshare_capital": {
+        "param_type": "economic assumption",
+        "description": "Share of total income accruing to capital",
+        "source": "BLS data for 2015",
+        "value": [0.406]
+    },
+    "capincshare_equip": {
+        "param_type": "economic assumption",
+        "description": "Share of capital income accruing to equipment",
+        "source": "BLS data for 2015",
+        "value": [0.297]
+    },
+    "capincshare_struc": {
+        "param_type": "economic assumption",
+        "description": "Share of capital income accruing to structures",
+        "source": "BLS data for 2015",
+        "value": [0.275]
+    },
+    "capincshare_ip": {
+        "param_type": "economic assumption",
+        "description": "Share of capital income accruing to intellectual property",
+        "source": "BLS data for 2015",
+        "value": [0.202]
+    },
+    "capincshare_rr": {
+        "param_type": "economic assumption",
+        "description": "Share of capital income accruing to rental residential capital",
+        "source": "BLS data for 2015",
+        "value": [0.061]
+    },
+    "ccr_method": {
+        "param_type": "corporate tax baseline",
+        "description": "Capital cost recovery method",
+        "source": "",
+        "value": ["DDB"]
+    },
+    "corptax_rate": {
+        "param_type": "corporate tax baseline",
+        "description": "Statutory corporate income tax rate",
+        "source": "",
+        "value": [0.35]
+    },
+    "int_deductibility": {
+        "param_type": "corporate tax baseline",
+        "description": "Fraction of interest paid deductible",
+        "source": "",
+        "value": [1.0]
+    },
+    "dividend_credit": {
+        "param_type": "corporate tax baseline",
+        "description": "Rate of credit available on dividends paid",
+        "source": "",
+        "value": [0]
+    },
+    "mtr_interest": {
+        "param_type": "individual income tax baseline",
+        "description": "MTR on marginal investor's interest income",
+        "source": "",
+        "value": [0.392]
+    },
+    "mtr_dividends": {
+        "param_type": "individual income tax baseline",
+        "description": "MTR on marginal investor's dividend income",
+        "source": "",
+        "value": [0.2]
+    },
+    "mtr_capitalgains": {
+        "param_type": "individual income tax baseline",
+        "description": "MTR on marginal investor's capital gains (not accrual effective)",
+        "source": "",
+        "value": []
+    },
+    "cg_holding_period": {
+        "param_type": "individual income tax baseline",
+        "description": "Equity holding period for marginal investor",
+        "source": "",
+        "value": [5]
+    }
+}