Performance of Fiscal Accounts in South Africa in a Cross-Country Setting / Burcu Aydin.

Format:

Book

Government document

Author/Creator:

Aydın, Burcu.

Series:

IMF Working Papers; Working Paper ; No. 2010/217

IMF Working Papers

Language:

English

Subjects (All):

Finance, Public--South Africa.

Finance, Public.

Fiscal policy--South Africa.

Fiscal policy.

Physical Description:

1 online resource (33 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2010.

Language Note:

English

Summary:

This 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.

Contents:

Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Comparison Countries for South Africa; II. Literature; III. Data; IV. How Well Did South Africa Perform During the Global Growth Years of the 2000s?; 1. Revenue Performance During the Global Growth Years; V. How Much Revenue Did South Africa Lose During the Global Financial Crisis?; 2. Revenue Performance During the Global Recession; VI. How Fast Will South Africa's Revenues Recover During the 2010s?; A. Introduction; 3. Revenue Sensitivity to Output Gap; B. Model and Results

2. Panel Regression Results of Revenue Elasticity3. Panel Regression Results of Revenue Elasticity Controlling for Business Cycle Asymmetry; 4. Panel Regression Results of Revenue Elasticity Controlling for Natural Resource Exporters and South Africa; 5. Panel Regression Results of Revenue Elasticity Controlling for Business Cycle Asymmetry and Excluding Resource Exporters; VII. Caveats; VIII. Conclusion; IX. Bibliography; Footnotes

Notes:

"September 2010."

Includes bibliographical references.

Description based on print version record.

ISBN:

9786613881076

9781462373895

1462373895

9781455232505

1455232505

9781283568623

1283568624

9781455209750

1455209759