Correa, Juan A.; Lorca, Miguel; Parro, Francisco - In: Journal of applied economics 22 (2019) 1, pp. 23-39
Using panel data from Chilean manufacturing plants, we estimate the impact of a stamp tax, levied on loans by financial institutions, on capital stock. Our results show that the tax has a statistically significant negative effect on the stock of capital. Specifically, we find that a rise of one...