Performance of Fiscal Accounts in South Africa in a Cross-Country Setting
AbstractThis paper analyzes the cyclical fluctuations in South Africa in a cross-country context, and studies the impact of the output gap by controlling for export intensity, the debt burden, asset prices, and banking crises. Results show that South Africa’s revenue performance was outstanding during the mid-2000s, and the recent decline in revenue was one of the least among the emerging and advanced markets. Results on the elasticity of tax revenue show that South Africa’s elasticity is higher during business upturns, indicating good prospects for recovering the revenue lost during the global financial crisis.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 10/217.
Date of creation: 01 Sep 2010
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-AFR-2010-10-16 (Africa)
- NEP-ALL-2010-10-16 (All new papers)
- NEP-MAC-2010-10-16 (Macroeconomics)
- NEP-PBE-2010-10-16 (Public Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Charl Jooste & Ruthira Naraidoo, 2010. "Nonlinear Tax Elasticities And Their Implications For The Structural Budget Balance," Working Papers 201022, University of Pretoria, Department of Economics.
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