Estimación de la relación de dependencia entre la variación de la tributación y la inversión extranjera directa. El caso colombiano.

Abstract

The present work seeks to estimate the sensitivity of the activities that make up Foreign Direct Investment (FDI) in the face of variations in the levels of taxation in Colombia, and thus, validate the idea that taxation and FDI are concepts of the economy "inversely proportional", this is based on the historical data of the variables from 1994 to 2021. The methodology used for the preparation of this study was the linear regression process, to evaluate the levels of significance and correlation between the independent variable (Taxation), and the dependent variable (FDI), so that it is possible to determine the degree of influence of taxation on FDI; subsequently, econometric models were made with the linear-linear and logarithmic-logarithmic functional forms to evaluate the results of the estimation based on the level of significance. The results obtained allow us to recognize that the relationship between the variation in taxation and FDI is "directly proportional", this may be due to the tax benefits that foreign companies achieve when investing in Colombia.