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The effect of local taxes on firm performance: Evidence from geo‐referenced data
Journal of Regional Science ( IF 2.807 ) Pub Date : 2021-01-04 , DOI: 10.1111/jors.12518
Federico Belotti 1 , Edoardo Di Porto 2, 3 , Gianluca Santoni 4
Affiliation  

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.

中文翻译:

地方税对公司业绩的影响:来自地理参考数据的证据

本文使用一组意大利制造公司调查企业财产税对公司业绩的影响。为了解释地方税收的内生性,我们利用矩估计量的成对空间差分广义方法。除了提供可靠的推断外,我们还通过利用每个地方政府与中央政府的政治联盟所产生的地方税收的外生变化来改进现有工作。我们发现财产税对企业的就业、资本和销售产生负面影响,以至于显着影响全要素生产率。
更新日期:2021-01-04
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