Measuring the Impact of Financial Taxation on Capital

Juan Correa, Miguel Lorca and Francisco Parro

MPRA Paper from University Library of Munich, Germany

Abstract: Using panel data from Chilean manufacturing plants, we present an empirical model to measure the impact of a financial transaction tax on capital stock. Our results show a statistically significant negative effect of the tax on the stock of capital. We also find that the impact on plants is heterogeneous, depending on the intensity of different types of capital held by plants. Indeed, plants with a higher percentage of infrastructure assets, such as land and buildings, are affected relatively less by the tax.

Keywords: financial transaction tax; stock of capital; manufacturing industry (search for similar items in EconPapers)
JEL-codes: H20 L60 (search for similar items in EconPapers)
Date: 2015-04
New Economics Papers: this item is included in nep-fdg, nep-pbe and nep-pub
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:64378

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