Cyclicality of Revenue and Structural Balances in South Africa
| Autor: | Burcu Aydin |
|---|---|
| Rok vydání: | 2010 |
| Předmět: |
Tax policy
TheoryofComputation_MISCELLANEOUS Monetary economics ComputingMilieux_GENERAL Tax revenue Credit cycle Business cycle Economics Time-Series Models Econometric Modeling: General [Credit expansion Commodity prices Business cycles Budgets South Africa Bank credit Asset prices Exports Economic models Private sector Mining sector Tax revenues Tax collection Tax bases structural balance credit growth commodity and asset prices tax revenue tax base tax policy budget balance Multiple or Simultaneous Equation Models] General Earth and Planetary Sciences Revenue Price level Asset (economics) Commodity (Marxism) General Environmental Science |
| Popis: | 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. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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