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The Effect of Local Taxes on Firm Performance: Evidence from Geo-Referenced Data
| Content Provider | Scilit |
|---|---|
| Author | Belotti, Federico Porto, Edoardo Di Santoni, Gianluca |
| Copyright Year | 2016 |
| Description | Journal: SSRN Electronic Journal This paper investigates the impact of business property taxation on firms' performance using a panel of Italian manufacturing firms. To account for endogeneity in local taxation, we exploit a pairwise spatial differenced generalized method of moments estimator. As well as providing robust inference, we also improve on existing work by exploiting the exogenous variation in local taxes generated by the political alignment of each local government with the central one. We find that property taxation exerts a negative impact on firms' employment, capital and sales to such an extent as to significantly affect total factor productivity. |
| Related Links | http://www.cepii.fr/PDF_PUB/wp/2016/wp2016-03.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2764349 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.2764349 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2016-04-13 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal History and Philosophy of Science Firm Performance Local Taxes Property Taxation Total Factor |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |