CRÉDITO FISCAL, COSTES FINANCIEROS E INVERSIÓN EMPRESARIAL: EVIDENCIA PARA ESPAÑA CON UN PANEL DE MICRODATOS TRIBUTARIOS

Desiderio Romero-Jordan () and Jesús Ruiz-Huerta Carbonell ()
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Jesús Ruiz-Huerta Carbonell: Instituto de Estudios Fiscales - Universidad Rey Juan Carlos

Hacienda Pública Española / Review of Public Economics, 2001, vol. 158, issue 3

Abstract: The aim of this work is to analyse the effectiveness of investment tax credit in the Spanish Corporate Tax. For this purpose, we estimate a dynamic investment model based on investment Euler equation where investment and financing decisions are simultaneous. We have found that tax credit is not very effective when dealing with small firms. Classification-JEL : G31, G32, H25, H32, L60

Keywords: investment; corporate tax; tax credit; cash-flow. (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:hpe:journl:y:2001:v:158:i:3:a:27

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