Inversión privada, gasto público y presión tributaria en América Latina

Luis Felipe Brito-Gaona and Emma Iglesias

Estudios de Economia, 2017, vol. 44, issue 2 Year 2017, 131-156

Abstract: This paper looks for empirical evidence to show if a very interventionist government stimulates or not private investment in Latin America. Using the same model as Caballero-Urdiales y López-Gallardo (2012), we extend their analysis from five Latin-American countries to all Latin America. The results from our estimated elasticities show evidence in support of three hypothesis: (1) that tax burden (taxes on income and consumption) has significant effects on privateinvestment; (2) that public investment has a crowding out effect with private investment; (3) and that in order to stimulate private investment, the government should have very little intervention.

Keywords: Private investment; gross domestic produc; public investment; income tax; value added tax (search for similar items in EconPapers)
JEL-codes: F21 H24 H25 H54 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:udc:esteco:v:44:y:2017:i:2:p:131-156

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