Impuestos corporativos y capital: veintiséis años de evidencia en empresas
Rodrigo Cerda () and
José Llodrá ()
Journal Economía Chilena (The Chilean Economy), 2017, vol. 20, issue 1, 050-071
We analyze the effect of corporate tax on the capital stock desired by Chilean firms. Following the theory, we present a model and then we provide empirical evidence from stocks of companies traded on the stock exchange from 1983 to 2008. Our results indicate that a one-percentage-point increase in corporate tax reduces the capital-output ratio by 0.2 to 0.6 percentage points. Furthermore, between 28% and 54% of the adjustment occurs during the year in which the tax change is implemented.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://si2.bcentral.cl/public/pdf/revista-economia ... 1_abr2017_p50_71.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchec:v:20:y:2017:i:1:p:050-071
Access Statistics for this article
Journal Economía Chilena (The Chilean Economy) is currently edited by Roberto Alvarez, Miguel Fuentes and Claudio Raddatz
More articles in Journal Economía Chilena (The Chilean Economy) from Central Bank of Chile Contact information at EDIRC.
Bibliographic data for series maintained by Claudio Sepulveda ().