Modelling the Impact of Automatic Fiscal Stabilisers on Output Stabilisation in South Africa
AbstractThis paper investigates ways in which an efficiency model like â€˜DEA Window analysisâ€™ can be utilised, under strictly defined conditions, to assess the level of efficiency of automatic fiscal stabilisers (AFS). The size of AFS is obtained through gaps in both revenue and expenditures variables such as tax revenue (current tax on income and wealth), social grants/benefits, and compensation of employees. The results obtained support evidence of AFS action between 1991 and 2005 and explain distinct cointegrating vectors that exist between the obtained efficiency scores and some selected variables, such as a corruption perception index (CPI), a conversion factor (exports), and the level of openness in the economy.
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Bibliographic InfoPaper provided by Economic Research Southern Africa in its series Working Papers with number 129.
Date of creation: 2009
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South Africa; Automatic Fiscal Stabilisers; Data Envelopment Analysis; Efficiency scores;
Other versions of this item:
- Jacques Kibambe & Niek J. Schoeman, 2009. "Modelling the impact of automatic fiscal stabilisers on output stabilisation in South Africa," Working Papers 200930, University of Pretoria, Department of Economics.
- C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
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