Performance of Fiscal Accounts in South Africa in a Cross-Country Setting

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Price:  $18.00

Author/Editor: Burcu Aydin
Release Date: © September, 2010
ISBN : 978-1-45520-882-1
Stock #: WPIEA2010217
English
Stock Status: On back-order

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Description

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.

Taxonomy

Business cycles , Economic development




More publications in this series: Working Papers


More publications by: Burcu Aydin