Government expenditure is one of the many factors that could influence economic growth and it depends on
Question:
Government expenditure is one of the many factors that could influence economic growth and it depends on borrowing or on the amount of tax revenue. A fuel levy, as an excise tax charged on petroleum products such as petrol, diesel and biodiesel, can be an important source of revenue for the government. It can, however, be a burden on fuel consumers. Given this knowledge, you are tasked to answer the following questions.
Discuss the impact of a fuel levy on the South African economy. In your opinion and based on the prescribed readings and further research, evaluate whether a fuel levy is an appropriate source for long term economic growth.
Compulsory sources:
Journal articles: Google Scholar Mabugu, R., Chitiga, M. and Amusa, H., 2009. The economic consequences of a fuel levy reform in South Africa. South African Journal of Economic and Management Sciences, 12(3), pp.280-296. [Website] Retrieved from http://www.scielo.org.za/pdf/sajems/v12n3/02.pdf [Accessed 30 August 2022] Ncanywa, T. and Mgwangqa, N., 2018. The impact of a fuel levy on economic growth in South Africa. Journal of Energy in Southern Africa, 29(1), pp.41-49. [Website] Retrieved from http://www.scielo.org.za/pdf/jesa/v29n1/05.pdf [Accessed 30 August 2022] Van Rensburg, J. and Krygsman, S., 2015. Running Dry: Assessing the fuel levy as a long term, economically efficient road use fund. Southern African Transport Conference. [Website] Retrieved from https://repository.up.ac.za/bitstream/handle/2263/57777/VanRensburg_Running_2015.pdf?seque nce=1 [Accessed 30 August 2022]
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr