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Usando um modelo de diferenças em diferenças e uma base de exportação e importação no nível empresa-país-produto-ano, este artigo estima como o desempenho do exportador colombiano foi afetado por isenções de pagamentos de impostos (tarifa alfandegária e iva) para produtos intermediários importados por meio do Plano Vallejo. Os resultados indicam que as reduções nas tarifas de insumos aumentam as quantidades e variedades exportadas, especialmente aquelas que não se beneficiam das isenções, mas o esquema mitiga o impacto negativo de um aumento nas tarifas alfandegárias. O custo associado à política não é negligenciável em termos de pib.

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