Cyclicality of Revenue and Structural Balances in South Africa

WPIEA2010216 Image
Price:  $18.00

Author/Editor: Burcu Aydin
Release Date: © September, 2010
ISBN : 978-1-45520-881-4
Stock #: WPIEA2010216
English
Stock Status: On back-order

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Description

This paper applies a disaggregated method for the calculation of the cyclical component of the budget balance for South Africa with an emphasis on the effect of commodity and asset prices, and credit cycle. Results show that the cyclicality of tax revenue is mostly explained by the variations in tax bases. Change in the credit to private sector also has some affect on the revenue performance; however, asset and commodity prices are not significant in explaining the deviation of revenue from its trend. Nonetheless, quantitative effects of these prices are subject to assumptions used for long-run price levels.

Taxonomy

Asset prices , Balance of trade , Business cycles , Capital markets , Economic development , Economic sectors , Exports , Financial institutions and markets , International trade , Mining sector , Private sector




More publications in this series: Working Papers


More publications by: Burcu Aydin