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Efectos del Impuesto a las Utiildades en la Inversión Extranjera en América Latina

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Abstract

Durante los últimos años, varios países de América Latina han bajado las tasas de impuesto a las utilidades de las empresas, entre otras razones, con el objetivo de atraer más Inversión Extranjera. Sin embargo, dicha política sólo puede tener resultados significativos si la elasticidad de la Inversión Extranjera es relativamente alta. Lamentablemente, para el caso de América Latina no hay evidencia empírica en la literatura económica que indique la magnitud de dicha elasticidad y uno de los objetivos de este estudio es llenar ese vacío. Una primera contribución de este trabajo consiste precisamente en estimar la magnitud de los efectos tributarios en la inversión extranjera en América Latina. Una segunda contribución consiste en considerar explícitamente en el análisis empírico el hecho de que los inversionistas extranjeros tienen una Outside Option en sus alternativas de inversión y pueden decidir no invertir en ningún país de América Latina. La evidencia empírica en este trabajo, utilizando un modelo de elección discreta y un panel de 11 países en Latinoamérica para el período 1990-2002, muestra una elasticidadimpuesto de la inversión extranjera entre -0,5 y -0,9.

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Paper provided by Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines in its series ILADES-Georgetown University Working Papers with number inv174.

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Length: 28 pages
Date of creation: Sep 2006
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Handle: RePEc:ila:ilades:inv174

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Keywords: Inversión Extranjera Directa; Impuesto a las Utilidades; Outside Option;

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Cited by:
  1. Cristián Mardones Poblete, 2010. "Evaluando Reformas Tributarias en Chile con un Modelo CGE," Estudios de Economia, University of Chile, Department of Economics, vol. 37(2 Year 20), pages 243-284, December.

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