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Taxation and Economic Growth in Latin America

Canavire-Bacarreza, Gustavo; Martínez-Vázquez, Jorge; … - Inter-American Development Bank - 2013

Tax policy is among the most common and relevant instruments in the toolkit of policy-makers when thinking about promoting growth, yet there is not compelling evidence regarding its effect in Latin American countries. Using a variety of approaches, we estimate the effects on growth of the most...

Persistent link: https://www.econbiz.de/10010943781

Elections and the Timing of Devaluations

Stein, Ernesto H.; Streb, Jorge M. - Inter-American Development Bank - 1999

This paper presents a rational political budget cycle model for an open economy, in which devaluations are delayed in the pre-election period so as to increase the electoral chances of the party in office. By concentrating on closed economies, previous political cycle models had overlooked the...

Persistent link: https://www.econbiz.de/10010944007

Labour Market Reforms and Unemployment: Lessons from the Experience of the OECD Countries

Scarpetta, Stefano - Inter-American Development Bank - 1998

The OECD labor market has undergone major changes over the past two decades. The most evident of these changes is the rise in the number of job-seekers. In 1997, there were more than 35 million people unemployed in the OECD area as a whole, some 6 million more than in the mid-1980s and almost 25...

Persistent link: https://www.econbiz.de/10010944045

Tax Expenditure Budgets: Concepts and Challenges for Implementation Title: Los Presupuestos de Gastos Tributarios: Conceptos y Desafíos de Implementación

Jorratt, Michael; Villela, Luiz Arruda; Viol, Andrea … - Inter-American Development Bank - 2009

Tax expenditures are generally defined as those government expenditures carried out through tax legislation, regulations, and practices that reduce or defer taxes for some taxpayers. There is a general concern that the tax expenditures negatively affect the budget and tax policies, which in turn...

Persistent link: https://www.econbiz.de/10010944113

Taxation and Economic Growth in Colombia

Steiner, Roberto - Inter-American Development Bank - 2014

This Working Paper assesses the impact on investment of a reduction in corporate taxes and the impact on employment, labor formality, and growth of a reduction in non-wage labor costs in Colombia. First, and following Hall and Jorgensen (1967), we estimate an investment function, which depends...

Persistent link: https://www.econbiz.de/10010944478

Reducing Reliance on Natural Resource Revenue and Increasing Subnational Tax Autonomy in Bolivia

Brosio, Giorgio - Inter-American Development Bank - 2012

This paper addresses options for restructuring the revenue system of Bolivia's subnational governments, particularly prefectures, emphasizing reduction of dependence on natural resources and strengthening of subnational tax autonomy. The paper additionally identifies tax instruments or tax bases...

Persistent link: https://www.econbiz.de/10010944494

Does Firm Heterogeneity Impact the Effectiveness of Carbon Taxes? Experiments in Argentina and Mexico

Miller, Sebastian; Chisari, Omar O. - Inter-American Development Bank - 2014

This paper examines the effectiveness of carbon taxes on macroeconomic performance when manufacturing firms have the opportunity to change their scale of operation and degree of formality. The hypothesis is that when tax evasion or elusion is possible, it cannot be ruled out that emissions...

Persistent link: https://www.econbiz.de/10010944515

On the Implications of Taxation for Investment, Savings and Growth: Evidence from Brazil, Chile and Mexico

Espino, Emilio; González-Rozada, Martin - Inter-American Development Bank - 2015

This paper explores the qualitative and quantitative implications of taxation for growth and savings in three Latin …-run growth in these three countries, low saving rates do not seem to be a direct consequence of sub-optimal taxation. …

Persistent link: https://www.econbiz.de/10011275116

Reform Priorities for Sub-national Revenues in Brazil

Ter-Minassian, Teresa - Inter-American Development Bank - 2012

This paper surveys the system of sub-national own revenues and the inter- governmental transfer system (including the sharing of oil revenues) in Brazil, highlighting their critical flaws. The latter include heavy reliance on a mixed- origin/destination-based value-added tax and many...

Persistent link: https://www.econbiz.de/10010672859

More than Revenue: Main Challenges for Taxation in Latin America and the Caribbean

Ter-Minassian, Teresa - Inter-American Development Bank - 2012

This paper aims to provide an overview of the current state of taxation in the Latin America and Caribbean (LAC) region …-American Development Bank (IDB) for its forthcoming flagship publication More than Revenue: Taxation as a Development Tool in the … analyzes the region's taxation in regard to revenue adequacy, efficiency, vertical and horizontal equity, ease of …

Persistent link: https://www.econbiz.de/10010673340