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

dc.contributor.authorSwanepoel, A.S.
dc.contributor.authorSchoeman, N.J. (Nicolaas Johannes)
dc.date.accessioned2008-08-29T12:58:00Z
dc.date.available2008-08-29T12:58:00Z
dc.date.issued2002-09
dc.description.abstractThe 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.extent2434411 bytes
dc.format.mimetypeapplication/pdf
dc.identifier.citationSwanepoel, 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.issn1015-8812
dc.identifier.urihttp://hdl.handle.net/2263/6799
dc.language.isoenen
dc.publisherFaculty of Economic and Management Sciences, University of Pretoriaen
dc.rightsFaculty of Economic and Management Sciences, University of Pretoriaen
dc.subjectTaxesen
dc.subjectTax revenueen
dc.subjectGross domestic product (GDP)en
dc.subjectFiscal stabilization policiesen
dc.subjectFiscal stabilizationen
dc.subjectFiscal restraintsen
dc.subjectFiscal policiesen
dc.subjectEmpirical analysisen
dc.subjectAutomatic fiscal stabilisers (AFS)en
dc.subjectStatisticsen
dc.subjectEconomicsen
dc.subjectBusinessen
dc.subject.lcshTaxation -- South Africaen
dc.titleTax revenue as an automatic fiscal stabiliser - a South African perspectiveen
dc.typeArticleen

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