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Inversión Privada e Impuestos Corporativos: Evidencia para Chile

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Author Info
Rodrigo Cerda () (Instituto de Economía. Pontificia Universidad Católica de Chile.)
Felipe Larraín () (Instituto de Economía. Pontificia Universidad Católica de Chile.)

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Abstract

Using annual data from Chile since the beginning of the eighties, we show that an increase in the corporate tax reduces firm's investment. However the impact differs across firm size. In small and medium firms, investment as a fraction of the capital stocks declines between 0.5% and 1.6% while on large corporations the impact is much less significant.

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File URL: http://www.economia.puc.cl/index/download.asp?id_publicacion=1414
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Publisher Info
Article provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Cuadernos de Economía.

Volume (Year): 42 (2005)
Issue (Month): 126 ()
Pages: 257-281
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Handle: RePEc:ioe:cuadec:v:42:y:2005:i:126:p:257-281

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Related research
Keywords: Investment; Small Size Firms; Corporate Taxation;

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Find related papers by JEL classification:
H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. du Toit, Charlotte & Moolman, Elna, 2004. "A neoclassical investment function of the South African economy," Economic Modelling, Elsevier, vol. 21(4), pages 647-660, July. [Downloadable!] (restricted)
  2. Rodrigo Vergara, 2004. "Taxation and Private Investment: Evidence for Chile," Documentos de Trabajo 268, Instituto de Economía. Pontificia Universidad Católica de Chile.. [Downloadable!]
  3. Chang-Tai Hsieh & Jonathan A. Parker, 2006. "Taxes and Growth in a Financially Underdeveloped Country: Evidence from the Chilean Investment Boom," NBER Working Papers 12104, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. Juan Pablo Medina & Rodrigo Valdés, 1998. "Flujo de Caja y Decisiones de Inversión en Chile: Evidencia de Sociedades Anónimas Abiertas," Cuadernos de Economía (Latin American Journal of Economics), Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 35(106), pages 301-323. [Downloadable!]
  5. R. Glenn Hubbard & Anil K Kashyap & Toni M. Whited, 1995. "Internal Finance and Firm Investment," NBER Working Papers 4392, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  6. Eduardo M. Engel & Alvaro Bustos & Alexander Galetovic, 2004. "Could Higher Taxes Increase the Long-Run Demand for Capital?: Theory and Evidence for Chile," Yale School of Management Working Papers ysm408, Yale School of Management. [Downloadable!]
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