아프리카ㆍ중동
연구정보
[정책] The macroeconomic effect of fiscal policy in South Africa
남아프리카공화국 국외연구자료 연구보고서 - WIDER 발간일 : 2021-10-13 등록일 : 2021-10-24 원문링크
This paper analyses the macroeconomic effect of legislated personal income tax changes in South Africa over the 1996–2019 period. We identify personal income tax shocks using a narrative approach and incorporate these shocks in a proxySVAR model.
Our analysis shows that permanent changes in personal income taxes have a larger and significant effect on output through both the investment and consumption channels. We also find that personal tax cuts have a persistent effect on output through the investment channel in the 1996–2010 sub-sample.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
| 이전글 | [경제] OECD Economic Surveys: Israel 2020 | 2021-08-22 |
|---|---|---|
| 다음글 | [경제] Uncertain prospects for sovereign wealth funds of Gulf countries | 2021-10-31 |
