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The effect of the vehicle registration tax in the sales of new passenger cars in Portugal
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Resumo(s)
The purpose of this dissertation is to understand how the ISV (Imposto Sobre Veículos) has been impacting the sales of new passenger cars in the Portuguese market, through the estimation of fixed effect models. There is an overview on how the fixed models work and its main features, there is also a summary about the ISV, how is calculated and the changes made by the Portuguese Government throughout the years. The main findings of this dissertation are that the effect of the ISV has not been constant, the first semester of the year has a stronger positive impact in the sales of new passenger cars and there is a positive sales anticipation effect with a size between 0.2% and 0.4%.
Descrição
Palavras-chave
ISV Fixed effect models Vehicle registration tax Sales anticipation effect Portuguese automobile industry New passenger vehicles