Essays on Dynamic Fiscal Incidence Modelling in South Africa

dc.contributor.advisorVan Heerden, J.H. (Jan Horn), 1957-
dc.contributor.coadvisorBohlmann, Heinrich R.
dc.contributor.emailstoffies01@gmail.comen_ZA
dc.contributor.postgraduateStofberg, Francois Jacobus
dc.date.accessioned2020-05-18T12:03:04Z
dc.date.available2020-05-18T12:03:04Z
dc.date.created2020
dc.date.issued2019
dc.descriptionThesis (PhD)--University of Pretoria, 2019.en_ZA
dc.description.abstractThis thesis considers fiscal incidence modelling in South Africa. We use literature and empirical data to show that the bulk of government expenditure in South Africa is unproductive. For this reason, we suggest an alternative fiscal policy mix that focuses on a specific, productive and wealth-creative expenditure item, investments. By indirectly contributing to greater levels of investments we show that better levels of economic output and social development can be obtained. To analyse the economic consequences of the suggested fiscal policy mix we construct a dynamic, regional computable general equilibrium model. We also add additional features to provide more accurate and detailed results. These include multiple household modelling, social accounting matrix modelling, as well as an in-depth allocation of fiscal expenditures. A policy simulation determines the fiscal incidence of keeping the government real wage bill fixed for a period of five years. Perpetual savings generated by this decision is used to increase investments via a subsidy in the construction industry. From our results the two main contributions of our research emerge. First, the policy simulations provide a detailed analysis of an alternative fiscal policy mix and show that our mix leads to greater levels of economic and social development. By social development we specifically refer to the additional jobs that were created and the increase in real household income, spending, and savings. This fresh, evidence-based perspective on fiscal policy provides policymakers and researchers key insights about the fiscal incidence of government policies in South Africa. Second, TERM-SA provides a flexible tool for evaluating many other economic and political topics as they relate to the South African economy.en_ZA
dc.description.availabilityUnrestricteden_ZA
dc.description.degreePhDen_ZA
dc.description.departmentEconomicsen_ZA
dc.identifier.citationStofberg, FJ 2019, Essays on Dynamic Fiscal Incidence Modelling in South Africa, PhD Thesis, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/74622>en_ZA
dc.identifier.otherA2020en_ZA
dc.identifier.urihttp://hdl.handle.net/2263/74622
dc.language.isoenen_ZA
dc.publisherUniversity of Pretoria
dc.rights© 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.
dc.subjectUCTDen_ZA
dc.titleEssays on Dynamic Fiscal Incidence Modelling in South Africaen_ZA
dc.typeThesisen_ZA

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