Performance of Fiscal Accounts in South Africa in a Cross-Country Setting

Author/Editor:

Burcu Aydin

Publication Date:

September 1, 2010

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper analyzes the cyclical fluctuations in South Africa in a cross-country context, and studies the impact of the output gap by controlling for export intensity, the debt burden, asset prices, and banking crises. Results show that South Africa’s revenue performance was outstanding during the mid-2000s, and the recent decline in revenue was one of the least among the emerging and advanced markets. Results on the elasticity of tax revenue show that South Africa’s elasticity is higher during business upturns, indicating good prospects for recovering the revenue lost during the global financial crisis.

Series:

Working Paper No. 10/217

Subject:

Frequency:

Biannually

English

Publication Date:

September 1, 2010

ISBN/ISSN:

9781455208821/1018-5941

Stock No:

WPIEA2010217

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

19

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