On The Cyclicality Of South African Fiscal Policy
AbstractThis paper examines the cyclicality of government revenue, spending and the key fiscal balances in South Africa during 1972-2001. The results suggest that while government revenues were largely acyclical, government spending appears to have been predominantly counter-cyclical, in line with the recommendations of neoclassical analysis. In addition, countercyclical government spending appears to have translated into a countercyclical policy stance overall. This finding contrasts markedly with the results from other empirical studies of South Africa and other emerging market and developing economies, which typically indicate procyclical fiscal policy. Copyright (c) 2007 The Author; Journal compilation (c) Economic Society of South Africa 2007.
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Bibliographic InfoArticle provided by Economic Society of South Africa in its journal South African Journal of Economics.
Volume (Year): 75 (2007)
Issue (Month): 2 (06)
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- Stan Du plessis & Ben Smit & Federico Sturzenegger, 2007.
"The Cyclicality Of Monetary And Fiscal Policy In South Africa Since 1994,"
South African Journal of Economics,
Economic Society of South Africa, vol. 75(3), pages 391-411, 09.
- Stan du Plessis & Ben Smit & Federico Sturzenegger, 2007. "The cyclicality of monetary and fiscal policy in South Africa since 1994," Working Papers 12/2007, Stellenbosch University, Department of Economics.
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