Tax revenue as an automatic fiscal stabiliser: A South African perspective

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ID: 76097
2002
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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.
Reference Key
swanepoel2002taxsouth Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Swanepoel, A. S.;Schoeman, N. J.;
Journal south african journal of economic and management sciences
Year 2002
DOI
DOI not found
URL
https://sajems.org/index.php/sajems/article/view/2742
Keywords
Technology (General) Engineering (General). Civil engineering (General) environmental sciences business economics as a science management. industrial management energy industries. energy policy. fuel trade mathematics geology home economics

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