Fiscal policy and private investment: latin america in a comparative perspective

Content Provider	Scilit
Author	Emilio, Caballero U. Julio, López G.
Copyright Year	2012
Description	The main objective of the paper is to assess the impact of fiscal variables on private investment comparing some Latin-American economies to other advanced ones. For such purposes, the authors carry out an econometric analysis for the period 1990-2008. They make use of two dynamic panel models in which they group countries with similar characteristics and development levels. In one of them, they include Mexico, Brazil, Chile, Colombia and Uruguay; whereas in the second one the countries accounted for are the U.S., Canada, Spain, Korea, Ireland and Japan. They specify in both models an investment function using as arguments a wide range of variables, including those related with fiscal policy. From their results the authors infer that governments can, with higher spending, boost up the economy even when they finance spending with higher taxes. In Latin America, where income concentration is enormous, a proposal to boost up the economy through higher government expenditure financed with a progressive income tax, is even more justified.
Related Links	http://www.scielo.br/pdf/rep/v32n2/v32n2a06.pdf http://www.scielo.br/scielo.php?script=sci_pdf&pid=S0101-31572012000200006&lng=en&nrm=iso&tlng=en
Ending Page	259
Page Count	19
Starting Page	241
ISSN	01013157
e-ISSN	18094538
DOI	10.1590/s0101-31572012000200006
Journal	Brazilian Journal of Political Economy
Issue Number	2
Volume Number	32
Language	English
Publisher	FapUNIFESP (SciELO)
Publisher Date	2012-06-01
Access Restriction	Open
Subject Keyword	Brazilian Journal of Political Economy Industrial Relations Latin America Fiscal Policy Macroeconomic Model
Content Type	Text
Resource Type	Article
Subject	Sociology and Political Science Political Science and International Relations Economics, Econometrics and Finance