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 Africaâ€™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 Africaâ€™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
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Postal: International Monetary Fund, Washington, DC USA
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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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