Incluye bibliografía

Research guidance on conceptual and incentives design issues -- 1. Perspectives on the role of investment incentives in developing countries / Robin W. Boadway and Anwar Shah -- 2. The cost of capital and investment in developing countries / Alan Auerbach -- 3. Tax holidays and investment / Jack M. Mintz -- 4. Taxation, information asymmetries, and the financing choice of the firm -- 5. Research and development investment, industrial structure, economic performance, and tax policies / Anwar Shah -- 6. Tax policy toward foreign direct investment in developing countries in light of recent international tax changes / Joel Slemrod -- Empirical evidence on the effectiveness of tax incentives -- Tax burden analysis: 7. Why tax incentives do not promote investment in Brazil / Antonio Estache and Vitor Gaspar -- 8. Investment incentives and the corporate tax system in Malaysia / Robin W. Boadway, Dale Chua, and Frank Flatters -- 9. Indirect taxes and investment incentives in Malaysia / Robin W. Boadway, Dale Chau, and Frank Flatters -- 10. Fiscal incentives for investment in Thailand / Robert Halvorsen -- 11. Patterns in investment tax incentives among developing countries / Ngee Choon Chia and John Whalley -- 12. Corporate income taxation and foreign direct investment in central and eastern Europe / Jack M. Mintz and Thomas Tsiopoulos -- 13. Do taxes matter for foreign direct investment? / Anwar Shah and Joel Slemrod -- The effects of taxation on production and investment decision: 14. Corporate tax structure and production / Jeffrey I. Bernstein and Anwar Shah -- 15. Tax incentives, market power, and corporate investment / Dagmar Rajagopal and Anwar Shah -- 16. Do tax policies stimulate investment in physical and R

Investment promotion is an important objective of tax policy in developing and industrial countries alike. Governments are active in using tax policy instruments to promote investment, but little information is available to policymakers in developing countries on how effective these measures are in achieving their stated objectives. A careful assessment of past practices can provide data essential for a redesign of public policy measures. This volume presents the outcome of a research project undertaken by the World Bank ' s Policy Research Department. The project ' s purpose was to examine the effects of fiscal incentives on investment in developing and emerging market economies. This research was part of a larger effort by the department to develop policy guidance for reform of fiscal systems, using rigorous conceptual and empirical analysis. Taken together, this analysis provides a sound basis for identifying the types of incentives that may work and the situations in which their use is justified.