El entorno empresarial y las condicionantes tributarias y fiscales en América Latina

La primera parte de este estudio versa sobre los temas del crecimiento y el desarrollo y sobre la caracterización de las políticas económicas. La segunda sección se dedica a una caracterización de las condicionantes fiscales con base en las cuales desempeñan sus funciones los Gobiernos de América Latina y el Caribe. En la primera sección se discuten las principales características de las políticas fiscales, monetarias y cambiarias, y con fundamento en ellas se exponen los conceptos centrales relacionados con el desarrollo humano. El principal argumento a sostener aquí es que, en general, los países de menor desarrollo relativo, los que tienen que enfrentar los desafíos sociales más significativos, son también los que poseen condiciones fiscales más débiles o vulnerables. Los intentos de alcanzar mayores niveles de desarrollo implican la necesidad de realizar cambios efectivos en las condiciones fiscales de varios países latinoamericanos.

Sunlight disinfects? Free media in weak democracies

Free media may not favor political accountability when other democratic institutions are weak, and may even bring undesirable unintended consequences. We propose a simple model in which politicians running for office may engage in coercion to obtain votes. A media scandal that exposes these candidates increases their coercion effort to offset the negative popularity shock. This may result in the tainted politicians actually increasing their vote share. We provide empirical evidence from one recent episode in the political history of Colombia, the ‘parapolitics’ scandal featuring politicians colluding with illegal armed paramilitary groups to obtain votes. We show that colluding candidates not only get more votes than their clean competitors, but also concentrate them in areas where coercion is more likely (namely, areas with more paramilitary presence, less state presence, and more judicial inefficiency). Harder to reconcile with other explanations and as a direct test of the effects of media exposure, we compare tainted candidates exposed before elections to those exposed after. We find that those exposed before elections get as many votes as those exposed once elected, but their electoral support is more strongly concentrated in places where coercion is more likely. Our re

Beyond divide and rule : weak dictators, natural resources and civil conflict

We propose a model where an autocrat rules over an ethnically divided society. The dictator selects the tax rate over domestic production and the nation’s natural resources to maximize his rents under the threat of a regime-switching revolution. We show that a weak ruler may let the country plunge in civil war to increase his personal rents. Inter-group fighting weakens potential opposition to the ruler, thereby allowing him to increase fiscal pressure. We show that the presence of natural resources exacerbates the incentives of the ruler to promote civil conflict for his own profit, especially if the resources are unequally distributed across ethnic groups. We validate the main predictions of the model using cross-country data over the period 1960-2007, and show that our empirical results are not likely to be driven by omitted observable determinants of civil war incidence or by unobservable country-specific heterogeneity.