Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/194253
Authors: 
Brito-Gaona, Luis Felipe
Iglesias, Emma
Year of Publication: 
2017
Citation: 
[Journal:] Estudios de Economía [ISSN:] 0718-5286 [Volume:] 44 [Year:] 2017 [Issue:] 2 [Pages:] 131-156
Abstract (Translated): 
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.
Subjects: 
Private investment
gross domestic produc
public investment
income tax
value added tax
JEL: 
F21
H24
H25
H54
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-sa/4.0/
Document Type: 
Article
Social Media Mentions:

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.