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The significance of automatic fiscal stabilisers in South Africa
Thesis (DCom (Economics))--University of Pretoria, 2005.
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University of Pretoria
2013
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| _version_ | 1867613667221045248 |
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| access_status_str | Open Access |
| author2 | Schoeman, N.J. (Nicolaas Johannes) |
| author_browse | Schoeman, N.J. (Nicolaas Johannes) |
| author_facet | Schoeman, N.J. (Nicolaas Johannes) |
| collection | Thesis |
| dc_rights_str_mv | © 2003, 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. |
| description | Thesis (DCom (Economics))--University of Pretoria, 2005. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/30146 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:39:47.098Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/30146 The significance of automatic fiscal stabilisers in South Africa Schoeman, N.J. (Nicolaas Johannes) abrie.swanepoel@resbank.co.za Koekemoer, Renee Swanepoel, Jan Abraham Fiscal policy Automatic fiscal stabilisers UCTD Thesis (DCom (Economics))--University of Pretoria, 2005. When setting and monitoring fiscal targets, there is a need to take explicit account of the cyclical position of the economy and its effect on the budget. Most of the discussion on fiscal policy in South Africa deals only with long-term sustainability issues, largely ignoring the effects of the economic cycle. As a result, serious policy mistakes can occur if purely cyclical improvements in the public finances are treated as if they represent structural improvements, or if structural deterioration is interpreted as a cyclical effect. This study considers the countercyclical role of South African fiscal policy during the period 1970 to 2000. More specifically, it presents theoretical and empirical analysis of the significance of automatic fiscal stabilisers in the South African economy and calculates the cyclically adjusted budget balance that can improve fiscal policy-making and analysis. The study compares results for South Africa with six other developing countries (Chile, Mexico, Indonesia, India, Mauritius and Romania) and macroeconomic stabilisation and the potential role of automatic fiscal stabilisers in the New Partnership for Africa’s Development (NEPAD) are also investigated. This study highlights the need for continued caution in the use of discretionary policy, greater focus on making automatic fiscal stabilisers more effective in South Africa and the integration of better measures of fiscal balance into the discretionary policy process. Automatic fiscal stabilisers could also play an important role as a complement to countercyclical monetary policy and the operation of monetary policy could be facilitated by the predictable and automatic responses from automatic fiscal stabilisers. Budget rules could play an important role in developing countries and specifically in African countries. If applied flexibly, fiscal rules could be regarded as restoring at least a moderate countercyclical role in these countries through the operation of automatic fiscal stabilisers. Although automatic fiscal stabilisers are likely to be less important in African countries due to structural reasons, the combination of appropriate rules, taking into account the impact of the business cycle on the public finances and vigilance against the dangers of inappropriate discretionary policy, may make a valuable contribution to Africa’s development. Economics unrestricted 2013-09-07T18:06:16Z 2004-02-18 2013-09-07T18:06:16Z 2003-10-10 2005-02-18 2004-02-18 Thesis Swanepoel, J 2003, The significance of automatic fiscal stabilisers in South Africa, DCom thesis, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/30146 > http://hdl.handle.net/2263/30146 http://upetd.up.ac.za/thesis/available/etd-02182004-151227/ © 2003, 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. application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf University of Pretoria |
| spellingShingle | Fiscal policy Automatic fiscal stabilisers UCTD The significance of automatic fiscal stabilisers in South Africa |
| title | The significance of automatic fiscal stabilisers in South Africa |
| title_full | The significance of automatic fiscal stabilisers in South Africa |
| title_fullStr | The significance of automatic fiscal stabilisers in South Africa |
| title_full_unstemmed | The significance of automatic fiscal stabilisers in South Africa |
| title_short | The significance of automatic fiscal stabilisers in South Africa |
| title_sort | significance of automatic fiscal stabilisers in south africa |
| topic | Fiscal policy Automatic fiscal stabilisers UCTD |
| url | http://hdl.handle.net/2263/30146 http://upetd.up.ac.za/thesis/available/etd-02182004-151227/ |