Fiscal positions in Latin America : have they really improved? / / Ivanna Vladkova-Hollar and Jeromin Zettelmeyer

• Autore: Vladkova Hollar Ivanna
• Pubblicazione: [Washington, District of Columbia] : , : International Monetary Fund, , 2008; ©2008
• Descrizione fisica: 1 online resource (32 p.)
• Disciplina: 336.02
• Soggetto topico: Revenue - Latin America; Business cycles - Latin America; Fiscal policy - Latin America
• Soggetto genere / forma: Electronic books.
• Altri autori: ZettelmeyerJeromin
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Contents; I. Introduction; Tables; 1. Latin America: Fiscal Developments; II. Methodology; A. Noncommodity Structural Revenue; B. Commodity Structural Revenue; C. Structural Balances; III. Results; A. Parameter Estimates and Statistical Tests; 2. Long-Run Income Elasticity of Central Government Tax Revenues; B. Structural Noncommodity Revenues; Figures; 1. Actual and Structural Noncommodity Revenues; C. Structural Commodity Revenues; D. Structural Primary Balances; 2. Actual and Structural Commodity Revenues; 3. Actual and Estimated Structural Primary Balances; IV. Conclusion; References ; Appendices1. Revenue Data and Changes in Tax Structure; 2. Output Gap Estimates; Appendix Tables; A1. LAC Countries: Filter-Based Output Gap Estimates for 2007; 3. Commodity Price Indices and Projections; A2. Commodity Export Shares; A3. Commodity Price Indices and Medium Term Projections
• Sommario/riassunto: Fiscal performance in Latin America looks much improved this decade compared to the 1980's or 1990's. Is this a ""structural"" improvement or likely to be transitory? This paper answers this question by estimating the relationship between non-commodity revenue and the economic cycle, and evaluating commodity revenues using alternative medium term commodity price projections. The main result is that structural revenues have indeed improved as a share of GDP, and structural primary balances are currently in surplus in many Latin American countries. However, the magnitude of these improvements
• Titolo autorizzato: Fiscal positions in Latin America
• ISBN: 1-4623-6387-3; 1-4519-8628-9; 1-4518-6996-7; 9786612840890; 1-282-84089-4
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910464004203321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers