LEADER 05312oam 22012254 450 001 9910788332603321 005 20230721045701.0 010 $a1-4623-1843-6 010 $a1-4519-9937-2 010 $a1-4518-7283-6 010 $a9786612843501 010 $a1-282-84350-8 035 $a(CKB)3170000000055291 035 $a(EBL)1608347 035 $a(SSID)ssj0000940733 035 $a(PQKBManifestationID)11519296 035 $a(PQKBTitleCode)TC0000940733 035 $a(PQKBWorkID)10955940 035 $a(PQKB)11036487 035 $a(OCoLC)586061359 035 $a(MiAaPQ)EBC1608347 035 $a(IMF)WPIEE2009136 035 $a(EXLCZ)993170000000055291 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aEmpirical Evidenceon the Effects of Tax Incentives /$fAlexander Klemm, Stefan Parys 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (27 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1712-0 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. Data; Tables; 1. Tax Variables; 2. Descriptive Statistics; III. Empirical Evidence on Tax Competition; A. Methodology; Figures; 1. Average Tax Rates and Incentives Over the Years; B. Results; 3. The Choice Between Estimation Methods; 4. Fiscal Interactions for Different Tax Instruments; IV. Empirical Evidence on The Effect on Investment and Growth; A. Methodology; B. Results; 5. The Choice of Estimation Method; 6. The Effects of Tax Instruments on Investment and Growth; V. Conclusion; Appendixes; 1. Countries and Periods Covered in the Corporate Tax Dataset. 327 $aReferences 330 3 $aThis paper considers two empirical questions about tax incentives: (1) are incentives used as tools of tax competition and (2) how effective are incentives in attracting investment? To answer these, we prepared a new dataset of tax incentives in over 40 Latin American, Caribbean and African countries for the period 1985?2004. Using spatial econometrics techniques for panel data to answer the first question, we find evidence for strategic interaction in tax holidays, in addition to the well-known competition over the corporate income tax rate. We find no evidence, however, for competition over investment allowances and tax credits. Using dynamic panel data econometrics to answer the second question, we find evidence that lower corporate income tax rates and longer tax holidays are effective in attracting FDI, but not in boosting gross private fixed capital formation or growth. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/136 606 $aTax incentives 606 $aTax credits 606 $aEconometrics$2imf 606 $aExports and Imports$2imf 606 $aTaxation$2imf 606 $aCorporate Taxation$2imf 606 $aBusiness Taxes and Subsidies$2imf 606 $aInternational Fiscal Issues$2imf 606 $aInternational Public Goods$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aInternational Investment$2imf 606 $aLong-term Capital Movements$2imf 606 $aEstimation$2imf 606 $aPublic finance & taxation$2imf 606 $aCorporate & business tax$2imf 606 $aFinance$2imf 606 $aEconometrics & economic statistics$2imf 606 $aTax incentives$2imf 606 $aTax holidays$2imf 606 $aCorporate income tax$2imf 606 $aForeign direct investment$2imf 606 $aEstimation techniques$2imf 606 $aTaxes$2imf 606 $aBalance of payments$2imf 606 $aEconometric analysis$2imf 606 $aCorporations$2imf 606 $aInvestments, Foreign$2imf 606 $aEconometric models$2imf 607 $aUnited States$2imf 615 0$aTax incentives. 615 0$aTax credits. 615 7$aEconometrics 615 7$aExports and Imports 615 7$aTaxation 615 7$aCorporate Taxation 615 7$aBusiness Taxes and Subsidies 615 7$aInternational Fiscal Issues 615 7$aInternational Public Goods 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aInternational Investment 615 7$aLong-term Capital Movements 615 7$aEstimation 615 7$aPublic finance & taxation 615 7$aCorporate & business tax 615 7$aFinance 615 7$aEconometrics & economic statistics 615 7$aTax incentives 615 7$aTax holidays 615 7$aCorporate income tax 615 7$aForeign direct investment 615 7$aEstimation techniques 615 7$aTaxes 615 7$aBalance of payments 615 7$aEconometric analysis 615 7$aCorporations 615 7$aInvestments, Foreign 615 7$aEconometric models 700 $aKlemm$b Alexander$01462096 701 $aParys$b Stefan$01472667 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788332603321 996 $aEmpirical Evidenceon the Effects of Tax Incentives$93685531 997 $aUNINA