Abstract

http://ssrn.com/abstract=213049
 


 



The Impact of US Policy on Labor and Capital: The Case of Puerto Rico


Carlos F. Liard-Muriente


Central Connecticut State University - Department of Economics

January 2000


Abstract:     
US corporations have enjoyed special tax provisions in Puerto Rico since the Revenue Act of 1921. With the Industrial Incentives Act of 1948, US subsidiaries in Puerto Rico have been at least partially exempt from taxes in the US and Puerto Rico. US possessions received the benefit of Section 936 of the Internal Revenue Code in 1976. Ever since 1983, more than 99% of the benefits have gone to corporations in Puerto Rico. This paper measures the direct and indirect requirements of labor and capital, using Pasinetti's vertical integration approach, for the decades of 1960s and 1970s.

JEL Classification: C67, O14, O38, O54

working papers series


Not Available For Download

Date posted: April 6, 2000  

Suggested Citation

Liard-Muriente, Carlos F., The Impact of US Policy on Labor and Capital: The Case of Puerto Rico (January 2000). Available at SSRN: http://ssrn.com/abstract=213049

Contact Information

Carlos F. Liard-Muriente (Contact Author)
Central Connecticut State University - Department of Economics ( email )
MS 304
1615 Stanley Street
New Britain, CT 06050
United States
860-832-2732 (Phone)
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