European Parliament Library

Cyclicality of Revenue and Structural Balances in South Africa, Burcu Aydin

Abstract
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
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Tax Revenue and Business Cycle; II. Literature; III. Data; 2. Share of three main taxes on total tax revenue; IV. Cyclically Adjusted Balances; A. A Simple Adjustment: Methodology; B. A Simple Adjustment: Results; 3. Recursive Elasticity Estimate of CIT with Respect to Gross Operating Surplus; 4. Recursive Elasticity Estimate of PIT with Respect to Compensation of Employees; 5. Recursive Elasticity Estimate of VAT with Respect to Total Consumption; C. Impact of the Commodity and Asset Prices and the Credit Cycle
Language
eng
Literary Form
non fiction
Note
"September 2010."
Physical Description
1 online resource (35 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613876997

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