Artikel

Inversión privada, gasto público e impuestos en la Unión Europea

Using the same model that Caballero-Urdiales {\it et al.} (2012) and Brito-Gaona and Iglesias (2017) applied to Latin-American countries, we extend their analysis to the European Union (EU) in order to analyze the determinants of private investment. Results show consistent evidence with three hypotheses that, in some cases, are very different from those found in Latin America: First, both consumption and income taxes have significant effects on private investment, the same as happens in Latin America. Moreover, in the EU and Europe in general, corporate taxes are the lowest at worldwide level and much lower than in Latin America. We also find evidence in favor of the hypothesis that corporate income taxes do not affect private investment. Second, opposite to what happens in Latin America, public investment does not have significant effects on the evolution of private investment. And third, in order to stimulate private investment, government intervention has a negative effect, as happens in Latin America.

Alternative title
Private investment, government expenditure and taxes in the European Union
Language
Spanisch

Bibliographic citation
Journal: Revista de Métodos Cuantitativos para la Economía y la Empresa ; ISSN: 1886-516X ; Volume: 26 ; Year: 2018 ; Pages: 3-24

Classification
Wirtschaft
International Investment; Long-term Capital Movements
Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
Business Taxes and Subsidies including sales and value-added (VAT)
National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock
Subject
Private investment
gross domestic product
government ex- penditure
income tax
value-added tax

Event
Geistige Schöpfung
(who)
Brito-Gaona, Luis Felipe
Iglesias, Emma M.
Event
Veröffentlichung
(who)
Universidad Pablo de Olavide
(where)
Sevilla
(when)
2018

DOI
doi:10.46661/revmetodoscuanteconempresa.2516
Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Artikel

Associated

  • Brito-Gaona, Luis Felipe
  • Iglesias, Emma M.
  • Universidad Pablo de Olavide

Time of origin

  • 2018

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