Effect of Taxes on Capital and Labor in Colombia: A Computable General Equilibrium Analysis

Using a computable general equilibrium model, calibrated for Colombia, it is analyze theimpact of various economic policies, which affect the relative price of production factors.The results concluded that the incentives for investment, which can be interpreted asactions that decrease the cost of ca...

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Autores:
Botero Garcia, Jesús
Tipo de recurso:
Fecha de publicación:
2020
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
spa
OAI Identifier:
oai:repository.eafit.edu.co:10784/15497
Acceso en línea:
http://hdl.handle.net/10784/15497
Palabra clave:
H4
C68
H22
F13
Computable General Equilibrium models
investment incentives
payroll taxes
Equilibrio general computable
incentivos a la inversión
impuestos al trabajo
Rights
License
Copyright (c) 2011 Jesús Botero Garcia
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network_acronym_str REPOEAFIT2
network_name_str Repositorio EAFIT
repository_id_str
dc.title.eng.fl_str_mv Effect of Taxes on Capital and Labor in Colombia: A Computable General Equilibrium Analysis
dc.title.spa.fl_str_mv Impuestos al capital y al trabajo en Colombia: un análisis mediante equilibrio general computable
title Effect of Taxes on Capital and Labor in Colombia: A Computable General Equilibrium Analysis
spellingShingle Effect of Taxes on Capital and Labor in Colombia: A Computable General Equilibrium Analysis
H4
C68
H22
F13
Computable General Equilibrium models
investment incentives
payroll taxes
Equilibrio general computable
incentivos a la inversión
impuestos al trabajo
title_short Effect of Taxes on Capital and Labor in Colombia: A Computable General Equilibrium Analysis
title_full Effect of Taxes on Capital and Labor in Colombia: A Computable General Equilibrium Analysis
title_fullStr Effect of Taxes on Capital and Labor in Colombia: A Computable General Equilibrium Analysis
title_full_unstemmed Effect of Taxes on Capital and Labor in Colombia: A Computable General Equilibrium Analysis
title_sort Effect of Taxes on Capital and Labor in Colombia: A Computable General Equilibrium Analysis
dc.creator.fl_str_mv Botero Garcia, Jesús
dc.contributor.author.spa.fl_str_mv Botero Garcia, Jesús
dc.contributor.affiliation.spa.fl_str_mv Universidad EAFIT
dc.subject.none.fl_str_mv H4
C68
H22
F13
topic H4
C68
H22
F13
Computable General Equilibrium models
investment incentives
payroll taxes
Equilibrio general computable
incentivos a la inversión
impuestos al trabajo
dc.subject.keyword.eng.fl_str_mv Computable General Equilibrium models
investment incentives
payroll taxes
dc.subject.keyword.spa.fl_str_mv Equilibrio general computable
incentivos a la inversión
impuestos al trabajo
description Using a computable general equilibrium model, calibrated for Colombia, it is analyze theimpact of various economic policies, which affect the relative price of production factors.The results concluded that the incentives for investment, which can be interpreted asactions that decrease the cost of capital, however lead to the accumulation of capital,and thereby increase the productivity of labour, generating net positive effects onemployment. The Elimination of the payroll taxes, for its part, generates a reduction inthe cost of labour, but their overall effect on employment is partially offset by the taxmeasures designed to generate alternative income to keep the benefits associated withthese contributions. Finally the suggestion is that the ideal scheme would be one thatprovides incentives for investment, focused towards employment-intensive sectors, atthe time that creates networks of social protection appropriate to deal with the problemsassociated with poverty.
publishDate 2020
dc.date.available.none.fl_str_mv 2020-01-31T18:34:25Z
dc.date.accessioned.none.fl_str_mv 2020-01-31T18:34:25Z
dc.date.issued.none.fl_str_mv 28/10/2011
dc.date.none.fl_str_mv 28/10/2011
dc.type.eng.fl_str_mv article
info:eu-repo/semantics/article
publishedVersion
info:eu-repo/semantics/publishedVersion
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dc.type.local.spa.fl_str_mv Artículo
status_str publishedVersion
dc.identifier.issn.none.fl_str_mv 2462-8107
1657-4206
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/15497
identifier_str_mv 2462-8107
1657-4206
url http://hdl.handle.net/10784/15497
dc.language.iso.none.fl_str_mv spa
language spa
dc.relation.ispartof.none.fl_str_mv Ecos de Economía, Vol 15, No 33 (2011)
dc.relation.isversionof.none.fl_str_mv http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/448/451
dc.relation.uri.none.fl_str_mv http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/448/451
dc.rights.eng.fl_str_mv Copyright (c) 2011 Jesús Botero Garcia
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.local.spa.fl_str_mv Acceso abierto
rights_invalid_str_mv Copyright (c) 2011 Jesús Botero Garcia
Acceso abierto
http://purl.org/coar/access_right/c_abf2
dc.format.none.fl_str_mv application/pdf
dc.coverage.spatial.eng.fl_str_mv Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees
dc.publisher.spa.fl_str_mv Universidad EAFIT
dc.source.none.fl_str_mv instname:Universidad EAFIT
reponame:Repositorio Institucional Universidad EAFIT
dc.source.spa.fl_str_mv Ecos de Economía, Vol 15, No 33 (2011)
instname_str Universidad EAFIT
institution Universidad EAFIT
reponame_str Repositorio Institucional Universidad EAFIT
collection Repositorio Institucional Universidad EAFIT
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spelling Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees28/10/20112020-01-31T18:34:25Z28/10/20112020-01-31T18:34:25Z2462-81071657-4206http://hdl.handle.net/10784/15497Using a computable general equilibrium model, calibrated for Colombia, it is analyze theimpact of various economic policies, which affect the relative price of production factors.The results concluded that the incentives for investment, which can be interpreted asactions that decrease the cost of capital, however lead to the accumulation of capital,and thereby increase the productivity of labour, generating net positive effects onemployment. The Elimination of the payroll taxes, for its part, generates a reduction inthe cost of labour, but their overall effect on employment is partially offset by the taxmeasures designed to generate alternative income to keep the benefits associated withthese contributions. Finally the suggestion is that the ideal scheme would be one thatprovides incentives for investment, focused towards employment-intensive sectors, atthe time that creates networks of social protection appropriate to deal with the problemsassociated with poverty.Mediante un modelo de equilibrio general computable, calibrado para Colombia, se analiza el impacto de diversas políticas económicas, que afectan el precio relativo de los factores productivos. Se concluye que los estímulos a la inversión, que pueden interpretarse como acciones que disminuyen el precio del capital, propician sin embargo la acumulación de capital, y por esa vía, incrementan la productividad del trabajo, generando efectos positivos netos sobre el empleo. La eliminación de los aportes parafiscales, por su parte, genera una reducción en el costo del trabajo, pero su efecto global sobre el empleo es compensado parcialmente por las acciones fiscales tendientes a generar rentas alternativas que permitan mantener los beneficios asociados a esos aportes. Se sugiere que el esquema ideal sería aquel que establece estímulos a la inversión, focalizados hacia sectores intensivos en empleo, al tiempo que crea redes de protección social adecuadas, para enfrentar los problemas asociados a la pobreza.application/pdfspaUniversidad EAFITEcos de Economía, Vol 15, No 33 (2011)http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/448/451http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/448/451Copyright (c) 2011 Jesús Botero GarciaAcceso abiertohttp://purl.org/coar/access_right/c_abf2instname:Universidad EAFITreponame:Repositorio Institucional Universidad EAFITEcos de Economía, Vol 15, No 33 (2011)H4C68H22F13Computable General Equilibrium modelsinvestment incentivespayroll taxesEquilibrio general computableincentivos a la inversiónimpuestos al trabajoEffect of Taxes on Capital and Labor in Colombia: A Computable General Equilibrium AnalysisImpuestos al capital y al trabajo en Colombia: un análisis mediante equilibrio general computablearticleinfo:eu-repo/semantics/articlepublishedVersioninfo:eu-repo/semantics/publishedVersionArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Botero Garcia, JesúsUniversidad EAFITEcos de Economia: A Latin American journal of applied economics15334969Ecos de EconomíaORIGINALdocument - 2020-03-11T105311.072.pdfdocument - 2020-03-11T105311.072.pdfTexto completo PDFapplication/pdf1851912https://repository.eafit.edu.co/bitstreams/7ae4871a-072c-4bb5-b16d-ce3e34cbb213/download605f7407a1b5e499546fe25621393274MD51articulo.htmlarticulo.htmlTexto completo HTMLtext/html376https://repository.eafit.edu.co/bitstreams/0437209d-311f-4dcb-8a58-e11eec01f081/download3b4bdd0c78886dce562ec75f5cb38f24MD53THUMBNAILminaitura-ecos_Mesa de trabajo 1.jpgminaitura-ecos_Mesa de trabajo 1.jpgimage/jpeg251248https://repository.eafit.edu.co/bitstreams/8a0d19ad-53e4-41a3-9ba4-bed23f5a4b3f/download9b15d674b076c1793a0bc25cebb1bcefMD5210784/15497oai:repository.eafit.edu.co:10784/154972020-03-18 13:01:14.184open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co

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