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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

Basado en información microeconómica, este trabajo provee evidencia acerca del impacto de la tributación corporativa sobre la inversión. Utilizando datos para Chile, mostramos que un aumento de 10% en la tasa de impuesto corporativo reduce la inversión como fracción del stock de capital entre 0.2% y 1% bajo diferentes especificaciones econométricas. Este impacto difiere dependiendo del tamaño de la compañía. En pequeñas y medianas empresas el efecto es mucho mayor y altamente significativo: la inversión como fracción del stock de capital declina entre 0.5% y 1.6%. En las empresas grandes el impacto no es significativo.

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Publisher Info
Paper provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its series Documentos de Trabajo with number 297.

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Date of creation: 2005
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Publication status: Published as "Inversión Privada e Impuestos Corporativos: Evidencia para Chile", Cuadernos de Economía, Vol. 42, Nº 126, pp. 257-281, 2005.
Handle: RePEc:ioe:doctra:297

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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. 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!]
  3. 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)
  4. Rodrigo Vergara, 2004. "Taxation and Private Investment: Evidence for Chile," Documentos de Trabajo 268, Instituto de Economía. Pontificia Universidad Católica de Chile.. [Downloadable!]
  5. 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)
  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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