Reestimativas do Investimento Privado Brasileiro I): Qual a Sensibilidade do Investimento Privado "Referência 1985" A Aumentos na Carga Tributária?
This article attempts to offer three specific contributions to the current debate on the macroeconomic impacts of taxation in Brazil and the ?trade-off? between taxation/income distribution and growth available to Brazilians. First, it attempts to ?map? the (relatively small) recent econometric literature on the behavior of aggregate investment in Brazil. Second, it discusses the (problematic) Brazilian data on aggregate investment and presents brand new quarterly estimates of Brazilian private investment based on primary data compiled by government agencies (more specifically, the Ministry of Finance and the Ministry of Planning) and on the work by Gobetti (2006). Third, it uses these estimates ? and quarterly estimates of the aggregate tax rate produced by Dos Santos and Costa (2007) and other, more traditional, variables ? to produce econometric specifications of the post-Real plan behavior of Brazil?s aggregate private investment. A potentially important finding is that the long-run aggregate tax rate elasticity of Brazilian private investment seems to be close to minus one.
|Date of creation:||Aug 2007|
|Contact details of provider:|| Postal: SBS - Quadra 01 - Bloco J - Ed. BNDES, Brasília, DF - 70076-90|
Web page: http://www.ipea.gov.br
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ipe:ipetds:1297. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Fabio Schiavinatto)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.