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dc.creatorLozano-Espitia, Ignacio
dc.creatorArias-Rodríguez, Fernando
dc.date.issued2021-11-17
dc.identifier.issn2196-436X
dc.identifier.urihttp://hdl.handle.net/11651/4759
dc.descriptionLaffer curves, fiscal policy, taxes on consumption, taxes on labor and capital income
dc.description.abstractHow much fiscal space do Latin American countries have to increase their tax burdens in the long term? This paper provides an answer through Laffer curves estimates for taxes on labor, capital, and consumption for the six largest emerging economies of the region: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. Estimates are made using a neoclassical growth model with second-generation human capital and employing data from the national accounts system for the period from 1994 to 2017. Our findings allow us to compare the recent effective tax rates on factor returns against those which would maximize the government’s revenues, and therefore to derive the potential tax-related fiscal space. Results suggest that joint fiscal space on labor and capital taxes would reach 6.5% of GDP for the region, on average, although there are important differences among the countries.
dc.formatapplication/PDF
dc.language.isoeng
dc.publisherCentro de Investigación y Docencia Económicas
dc.relation.ispartofLatin American Economic Review, volumen 30, noviembre de 2021
dc.rightsLa revista Latin American Economic Review autoriza a poner en acceso abierto de conformidad con las licencias CREATIVE COMMONS, aprobadas por el Consejo Académico Administrativo del CIDE, las cuales establecen los parámetros de difusión de las obras con fines no comerciales. Lo anterior sin perjuicio de los derechos morales que corresponden a los autores.
dc.source2196-436X
dc.titleHow do the tax burden and the fiscal space in Latin America look like? Evidence through laffer curves
dc.typeArtículo
dc.accessrightsAcceso abierto
dc.recordIdentifier000004759
dc.rights.licenseCreative Commons Reconocimiento-NoComercial-SinObraDerivada 4.0 International CC BY-NC-ND
dc.identifier.citationEn: Latin American Economic Review, volumen 30, noviembre de 2021
dc.identifier.doihttps://doi.org/10.47872/laer.v30.77
dc.relation.datasethttps://www.conference-board.org/data/economydatabase/index.cfm?id=27762
dc.identifier.urlhttps://www.latinaer.org/index.php/laer/article/view/77


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