Tax revenue as an automatic fiscal stabiliser - a South African perspective

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dc.contributor.author Swanepoel, A.S.
dc.contributor.author Schoeman, N.J. (Nicolaas Johannes)
dc.date.accessioned 2008-08-29T12:58:00Z
dc.date.available 2008-08-29T12:58:00Z
dc.date.issued 2002-09
dc.description.abstract The many practical economic and political difficulties encountered in discretionary fiscal stabilisation policy highlight the potential benefits of allowing automatic fiscal stabilisers to operate over the cycle. This article investigates the relevance of tax revenue as an automatic fiscal stabiliser in the South African economy by an empirical analysis of its role and impact since the 1970s. The study finds that cyclical changes in tax revenue are relatively small and provide no significant evidence of automatic stabilisation; however, the potential of this tool as an effective automatic fiscal stabiliser in South Africa cannot be overlooked as results show a high correlation between the output gap and automatic stabiliser estimates. Automatic fiscal stabilisers were employed symmetrically over the cycle and results showed that automatic fiscal stabilisers became increasingly important towards the end of the sample period. en
dc.format.extent 2434411 bytes
dc.format.mimetype application/pdf
dc.identifier.citation Swanepoel, AS & Schoeman, NJ 2002, 'Tax revenue as an automatic fiscal stabiliser - a South African perspective', South African Journal of Economic and Management Sciences, vol. 5, no. 3, pp. 566-588. [http://www.journals.co.za/ej/ejour_ecoman.html] en
dc.identifier.issn 1015-8812
dc.identifier.uri http://hdl.handle.net/2263/6799
dc.language.iso en en
dc.publisher Faculty of Economic and Management Sciences, University of Pretoria en
dc.rights Faculty of Economic and Management Sciences, University of Pretoria en
dc.subject Taxes en
dc.subject Tax revenue en
dc.subject Gross domestic product (GDP) en
dc.subject Fiscal stabilization policies en
dc.subject Fiscal stabilization en
dc.subject Fiscal restraints en
dc.subject Fiscal policies en
dc.subject Empirical analysis en
dc.subject Automatic fiscal stabilisers (AFS) en
dc.subject Statistics en
dc.subject Economics en
dc.subject Business en
dc.subject.lcsh Taxation -- South Africa en
dc.title Tax revenue as an automatic fiscal stabiliser - a South African perspective en
dc.type Article en


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