Property taxes and economic development. An approach to the relationship between property taxes and the investment of Antioquia's municipalities
Main Article Content
Keywords
Property tax, Health, Education, Tax policy
Abstract
This paper discusses the relationship between the levels of investment in health and education made by the municipalities and the collection of property taxes. A data panel methodology was used with a sample of 97 municipalities in the department of Antioquia (Colombia) for the period 2000 - 2008. According to the results, it is possible to conclude that there is no relationship between the levels of autonomous investment in education and the collection of property taxes. On the other hand, in relation to health investments, a negative relationship was found between property tax collection and autonomous investment in health. Finally, in addition to the initial scope proposed, a positive relationship was shown between the collection of property taxes and investments in the development of roads and infrastructure.
Downloads
Download data is not yet available.
References
Arnold, J. (2008). Do tax structures affect aggregate economic growth? Empirical evidence from a panel of OECD countries. OECD.
Avi-Yonah, R. & Margalioth, Y. (2006). Taxation in developing countries: some recent support and challenges to the conventional view, 32.
Bahl, R.; Martínez-Vásquez, J. & Youngman, J. (2008). Making the property tax work. Lincoln Institute of Land Policy. Puritan Press.
Bahl, R.; Martínez-Vásquez, J. & Youngman, J (2010). Challenging the conventional wisdom on the property tax. Lincoln Institute of Land Policy. Puritan Press.
Baltagi, B. (2002). Recent Developments in the Econometrics of Panel Data. Edward Elgar Publishing.
Banco Mundial (2011). World Development Indicators. World Bank.
Bardhan, P. (1997). Corruption and Development: A Review of Issues. Journal of Economic Literature , 35, 1320-1346.
Bejarano, J. C. (2008). Bibliografía anotada sobre el impuesto a la propiedad inmobiliaria en América Latina. Lincoln Institute of Land Policy.
Bell, M. E.; Brunori, D. & Youngman, J. (2010). The property tax and local autonomy. Lincoln Institute of Land Policy - Puritan Press.
Brooks, N. & Hwong, T. (2006). The Social Benefits and Economic Costs of Taxation: A Comparison of High and Low-Tax Countries. CCPA - Canadien Centre for Policy Alternatives.
Burguess, R. & Stern, N. (1993). Taxation and Development. Journal of Economic Literature, 31, 762-830.
Carlson, R. H. (2005). A Brief History of Property Tax. Recuperado de: https://secure.sauder. ubc.ca/re_creditprogram/course_resources/courses/content/443/carlson.pdf.
Clavijo, S. (2007). Evolución de la tributación en Colombia y sus desafíos (1990-2006). ¿BOGOTÁ: COLOMBIA? Asociación Nacional de Instituciones Financieras.
Cobham, A. (2005). Tax evasion, tax avoidance and development finance. Oxford, Inglaterra: University de Oxford, Queen Elizabeth House, Finance and Trade Policy Research Centre.
Cobham, A. (2007). The tax consensus has failed. The Oxford Council on Good Governance. OCGG Economy Recommendation No. 8.
Colombia, AsambleaNacional Constituyente (1991). Constitución Política de Colombia, Bogotá.
Colombia, Consejo de Estado, Sentencias, “Fallo 14226 de 2007”, M. P.: Sala, S. C., Bogotá.
Colombia, Departamento Nacional de Planeación, DNP (2010). Desempeño fiscal de los departamentos y municipios (2009). Bogotá, Colombia: Imprenta Nacional.
DeCesare, C. M. (2010). Panorama del impuesto predial en América Latina. Lincoln Institute of Land Policy.
Dodge, T. A. (1996). Alexander. Da Capo Press.
Emran, M. S. & Stiglitz, J. (2005). On Selective Indirect Tax Reform in Developing Countries. Journal of Public Economics, 89, 599-623.
Feres, J. C. & Mancero, X. (2001). El método de las necesidades básicas insatisfechas (NBI) y sus aplicaciones en América Latina. Cepal-Naciones Unidas.
Fergusson, L. (2003). Impuestos, crecimiento económico y bienestar en Colombia (1970- 1999). Desarrollo y Sociedad, 52, 143-202.
Gordon, R. & Li, W. (2005). Tax Structures in Developing Countries: Many Puzzles and a Possible Explanation. National Bureau of Economic Research.
Hsiao, C. (1986). Analysis of Panel Data. Econometric Society Monographs, 11. Cambridge, RU: Cambridge University Press.
Iregui, A. M.; Melo, L. & Ramos, J. (2003). El impuesto predial en Colombia: evolución reciente, comportamiento de las tarifas y potencial de recaudo. Bogotá, Colombia: Banco de la República.
Iregui, A. M.; Melo, L. & Ramos, J. (2005). El impuesto predial en Colombia: factores explicativos del recaudo. Revista de Economía del Rosario, 8, 25-58.
Junguito, R. & Rincón, H. (2004). La política fiscal en el siglo XX en Colombia. Bogotá, Colombia: Banco de la República.
Keynes, J. M. (1936). Teoría general de la ocupación, el interés y el dinero. México, D. F., México: Fondo de Cultura Económica.
Kneller, R.; Bleaney, M. & Gemmell, N. (1999). Fiscal policy and growth: evidence from OECD countries. Journal of Public Economics, 74, 171-190.
Lee, Y. & Gordon, R. (2005). Tax structure and economic growth. Journal of Public Economics, 89, 1027-1043.
Murphy, R. (2005). Fiscal paradise or tax on development? Tax Justice Network.
Murphy, R. et al. (2007). Closing the Floodgates: Collecting tax to pay for development. Tax Justice Network.
Organización de las Naciones Unidas, ONU (2000). Asamblea General.
Murphy, R. et al. (2002). Monterrey Consensus on Financing for Development.
Owens, J. & Carey, R. (2009). Tax for Development. OECD.
Owens, J. & Carey, R. (2009). Why tax matters for development. OECD.
Releasing the Hidden Billions for Poverty Eradication (2000). Oxfam.
Ricardo, D. (1817). Principios de economía política y tributación. México, D. F., México: Fondo de Cultura Económica.
Rodden, J. (2004). Comparative Federalism and Decentralization: On Meaning and Measurement. Comparative Politics, 36, 481-500.
Ross, M. (2004). Does taxation lead to representation? British Journal of Political Science, 34, 229-249.
Sachs, J. D. (2005). El fin de la pobreza. Penguin.
Smith, A. (1776). Investigación sobre la naturaleza y causas de la riqueza de las naciones. México, D. F., México: Fondo de Cultura Económica.
Tax Haven Abuses: The Enablers, The Tooks and Secrecy (2006). EE. UU.: United States Senate.
Taxes and Economic Development (2010). Institute on Taxation and Economic Policy.
Transparency International (2011). Corruption Perceptions Index 2010.
Uribe, M. C. (2006). El impuesto predial en los municipios colombianos: base imponible y cuestiones institucionales. Lincoln Institute of Land Policy.
Wooldridge, J. M. (2008). Econometric Analysis of Cross Section and Panel Data, vol. 1, 2.a ed. Londres, RU: The MIT Press.
Avi-Yonah, R. & Margalioth, Y. (2006). Taxation in developing countries: some recent support and challenges to the conventional view, 32.
Bahl, R.; Martínez-Vásquez, J. & Youngman, J. (2008). Making the property tax work. Lincoln Institute of Land Policy. Puritan Press.
Bahl, R.; Martínez-Vásquez, J. & Youngman, J (2010). Challenging the conventional wisdom on the property tax. Lincoln Institute of Land Policy. Puritan Press.
Baltagi, B. (2002). Recent Developments in the Econometrics of Panel Data. Edward Elgar Publishing.
Banco Mundial (2011). World Development Indicators. World Bank.
Bardhan, P. (1997). Corruption and Development: A Review of Issues. Journal of Economic Literature , 35, 1320-1346.
Bejarano, J. C. (2008). Bibliografía anotada sobre el impuesto a la propiedad inmobiliaria en América Latina. Lincoln Institute of Land Policy.
Bell, M. E.; Brunori, D. & Youngman, J. (2010). The property tax and local autonomy. Lincoln Institute of Land Policy - Puritan Press.
Brooks, N. & Hwong, T. (2006). The Social Benefits and Economic Costs of Taxation: A Comparison of High and Low-Tax Countries. CCPA - Canadien Centre for Policy Alternatives.
Burguess, R. & Stern, N. (1993). Taxation and Development. Journal of Economic Literature, 31, 762-830.
Carlson, R. H. (2005). A Brief History of Property Tax. Recuperado de: https://secure.sauder. ubc.ca/re_creditprogram/course_resources/courses/content/443/carlson.pdf.
Clavijo, S. (2007). Evolución de la tributación en Colombia y sus desafíos (1990-2006). ¿BOGOTÁ: COLOMBIA? Asociación Nacional de Instituciones Financieras.
Cobham, A. (2005). Tax evasion, tax avoidance and development finance. Oxford, Inglaterra: University de Oxford, Queen Elizabeth House, Finance and Trade Policy Research Centre.
Cobham, A. (2007). The tax consensus has failed. The Oxford Council on Good Governance. OCGG Economy Recommendation No. 8.
Colombia, AsambleaNacional Constituyente (1991). Constitución Política de Colombia, Bogotá.
Colombia, Consejo de Estado, Sentencias, “Fallo 14226 de 2007”, M. P.: Sala, S. C., Bogotá.
Colombia, Departamento Nacional de Planeación, DNP (2010). Desempeño fiscal de los departamentos y municipios (2009). Bogotá, Colombia: Imprenta Nacional.
DeCesare, C. M. (2010). Panorama del impuesto predial en América Latina. Lincoln Institute of Land Policy.
Dodge, T. A. (1996). Alexander. Da Capo Press.
Emran, M. S. & Stiglitz, J. (2005). On Selective Indirect Tax Reform in Developing Countries. Journal of Public Economics, 89, 599-623.
Feres, J. C. & Mancero, X. (2001). El método de las necesidades básicas insatisfechas (NBI) y sus aplicaciones en América Latina. Cepal-Naciones Unidas.
Fergusson, L. (2003). Impuestos, crecimiento económico y bienestar en Colombia (1970- 1999). Desarrollo y Sociedad, 52, 143-202.
Gordon, R. & Li, W. (2005). Tax Structures in Developing Countries: Many Puzzles and a Possible Explanation. National Bureau of Economic Research.
Hsiao, C. (1986). Analysis of Panel Data. Econometric Society Monographs, 11. Cambridge, RU: Cambridge University Press.
Iregui, A. M.; Melo, L. & Ramos, J. (2003). El impuesto predial en Colombia: evolución reciente, comportamiento de las tarifas y potencial de recaudo. Bogotá, Colombia: Banco de la República.
Iregui, A. M.; Melo, L. & Ramos, J. (2005). El impuesto predial en Colombia: factores explicativos del recaudo. Revista de Economía del Rosario, 8, 25-58.
Junguito, R. & Rincón, H. (2004). La política fiscal en el siglo XX en Colombia. Bogotá, Colombia: Banco de la República.
Keynes, J. M. (1936). Teoría general de la ocupación, el interés y el dinero. México, D. F., México: Fondo de Cultura Económica.
Kneller, R.; Bleaney, M. & Gemmell, N. (1999). Fiscal policy and growth: evidence from OECD countries. Journal of Public Economics, 74, 171-190.
Lee, Y. & Gordon, R. (2005). Tax structure and economic growth. Journal of Public Economics, 89, 1027-1043.
Murphy, R. (2005). Fiscal paradise or tax on development? Tax Justice Network.
Murphy, R. et al. (2007). Closing the Floodgates: Collecting tax to pay for development. Tax Justice Network.
Organización de las Naciones Unidas, ONU (2000). Asamblea General.
Murphy, R. et al. (2002). Monterrey Consensus on Financing for Development.
Owens, J. & Carey, R. (2009). Tax for Development. OECD.
Owens, J. & Carey, R. (2009). Why tax matters for development. OECD.
Releasing the Hidden Billions for Poverty Eradication (2000). Oxfam.
Ricardo, D. (1817). Principios de economía política y tributación. México, D. F., México: Fondo de Cultura Económica.
Rodden, J. (2004). Comparative Federalism and Decentralization: On Meaning and Measurement. Comparative Politics, 36, 481-500.
Ross, M. (2004). Does taxation lead to representation? British Journal of Political Science, 34, 229-249.
Sachs, J. D. (2005). El fin de la pobreza. Penguin.
Smith, A. (1776). Investigación sobre la naturaleza y causas de la riqueza de las naciones. México, D. F., México: Fondo de Cultura Económica.
Tax Haven Abuses: The Enablers, The Tooks and Secrecy (2006). EE. UU.: United States Senate.
Taxes and Economic Development (2010). Institute on Taxation and Economic Policy.
Transparency International (2011). Corruption Perceptions Index 2010.
Uribe, M. C. (2006). El impuesto predial en los municipios colombianos: base imponible y cuestiones institucionales. Lincoln Institute of Land Policy.
Wooldridge, J. M. (2008). Econometric Analysis of Cross Section and Panel Data, vol. 1, 2.a ed. Londres, RU: The MIT Press.
Article Sidebar
Published
Jun 30, 2013
Article Details
How to Cite
Tobón Zapata, S., & Muñoz-Mora, J. C. (2013). Property taxes and economic development. An approach to the relationship between property taxes and the investment of Antioquia’s municipalities. Ecos De Economía, 17(36), 173–198. https://doi.org/10.17230/ecos.2013.36.8
Issue
Section
Articles
Supporting Agencies
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).