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La Curva de Laffer y la optimización del recaudo tributario en Cartagena de Indias
[The Laffer Courve and government optimization of the tax revenues: The Cartagena de Indias case]

Author

Listed:
  • Toro González, Daniel
  • Doria, Martha

Abstract

The public managers worries to increase the local government revenues are almost always related with changes in the tax rates, affecting all the agents in the economy. However, at the same time tax exeptions are used like policy instrument in order to achieve economic growth in some sectors, increasing the pressure over some other sectors. This document analize the effect of the tax rates changes over the local government revenues by the estimation of elasticities. This relation is known as the Laffer Courve. The main results show an inelastic relation between the tax rate and the revenues, wich means that an increase of 1% in the tax rate generate an increase in local government revenues in less than a 1%. The results of the model sugesst that a local policy oriented to raise the local government revenues increasing the tax rate is not effective.

Suggested Citation

  • Toro González, Daniel & Doria, Martha, 2007. "La Curva de Laffer y la optimización del recaudo tributario en Cartagena de Indias
    [The Laffer Courve and government optimization of the tax revenues: The Cartagena de Indias case]
    ," MPRA Paper 2703, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:2703
    as

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    File URL: https://mpra.ub.uni-muenchen.de/2703/1/MPRA_paper_2703.pdf
    File Function: original version
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    References listed on IDEAS

    as
    1. Eduardo Lora, 2001. "Las Reformas estructurales en América Latina: Qué se ha reformado y cómo medirlo," Research Department Publications 4288, Inter-American Development Bank, Research Department.
    2. Caballero, Julian & Panizza, Ugo & Powell, Andrew, 2015. "The second wave of global liquidity: Why are firms acting like financial intermediaries?," CEPR Discussion Papers 10926, C.E.P.R. Discussion Papers.
    3. Lora, Eduardo & Cárdenas Santa-María, Mauricio, 2007. "La reforma de las instituciones fiscales en América Latina," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2822, March.
    4. Lora, Eduardo & Cárdenas Santa-María, Mauricio, 2007. "La reforma de las instituciones fiscales en América Latina," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2822.
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    Cited by:

    1. Jaime Bonet., 2008. "Las finanzas públicas de Cartagena, 2000 - 2007," Documentos de trabajo sobre Economía Regional y Urbana 101, Banco de la Republica de Colombia.

    More about this item

    Keywords

    Cartagena; local government revenues; tax rates; Laffer Courve;

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

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