On the Real Exchange Rate Effects of Higher Electricity Prices in South Africa



Table 7: Comparison between a tax on households with a tax on both households and firms -
percentage changes

f0wn

f0wr

f0xn

f0xr

f3wn

f3wr

f3xn

f3xr

CONS

-0.312

-0.312

0

0

-0.132

-0.097

0

0

EXP

-0.098

-0.096

-0.482

-0.818

0.253

0.027

0.091

-0.196

IMP

-0.186

-0.186

-0.035

-0.06

0

0.003

0.064

0.043

GDP

-0.177

-0.177

-0.11

-0.186

-0.021

-0.055

0.008

-0.058

CPI

-0.001

-0.002

0.24

0.34

0.103

0.185

0.204

0.29

PINV

-0.006

-0.006

0.059

0.167

-0.028

0.038

-0.001

0.09

PGOV

0.004

0.002

0.03

0.319

-0.012

0.148

-0.001

0.245

PEXP

0.02

0.019

0.097

0.164

-0.051

-0.005

-0.018

0.039

PGDP

0.012

0.011

0.194

0.352

0.05

0.157

0.126

0.261

EMPL

-0.31

-0.31

-0.208

-0.351

-0.031

-0.098

0.012

-0.11

Note: “f0”: industries and households pay a 10% tax on electricity; “f3”: only households pay a 10%
tax on electricity; “w”: nominal household spending is a function of wage income; “x”:
real household spending is constant; “n”:      nominal wages are held fixed; “r”: real

wages are heldfixed.

Table 8: A Comparison between fixed real and fixed nominal wages - percentage changes

f0wn

f0wr

f0xn

f0xr

f3wn

f3wr

f3xn

f3xr

p1wn

p1wr

p1xn

p1xr

CONS

-0.31

-0.31

0.00

0.00

-0.13

-0.10

0.00

0.00

-0.49

-0.50

0.00

0.00

EXP

-0.10

-0.10

-0.48

-0.82

0.25

0.03

0.09

-0.20

-0.24

-0.17

-0.81

-1.26

IMP

-0.19

-0.19

-0.04

-0.06

0.00

0.00

0.06

0.04

-0.29

-0.29

-0.05

-0.08

GDP

-0.18

-0.18

-0.11

-0.19

-0.02

-0.06

0.01

-0.06

-0.30

-0.29

-0.19

-0.29

CPI

-0.001

-0.002

0.24

0.34

0.10

0.19

0.20

0.29

-0.03

-0.06

0.33

0.47

PINV

-0.01

-0.01

0.06

0.17

-0.03

0.04

0.00

0.09

-0.01

-0.03

0.09

0.24

PGOV

0.00

0.00

0.03

0.32

-0.01

0.15

0.00

0.25

0.00

-0.05

0.04

0.44

PEXP

0.02

0.02

0.10

0.16

-0.05

-0.01

-0.02

0.04

0.05

0.03

0.16

0.25

PGDP

0.01

0.01

0.19

0.35

0.05

0.16

0.13

0.26

-0.03

-0.06

0.25

0.46

EMPL

-0.31

-0.31

-0.21

-0.35

-0.03

-0.10

0.01

-0.11

-0.52

-0.50

-0.34

-0.54

Note: “f0”: industries and households pay a 10% tax on electricity; “f3”: only households pay a 10%
tax on electricity; “w”: nominal household spending is a function of wage income; “x”:
real household spending is constant; “n”: nominal wages are heldfixed; “r”: real wages
are held fixed.

13



More intriguing information

1. The Clustering of Financial Services in London*
2. Distortions in a multi-level co-financing system: the case of the agri-environmental programme of Saxony-Anhalt
3. Cardiac Arrhythmia and Geomagnetic Activity
4. The name is absent
5. The name is absent
6. Fiscal Reform and Monetary Union in West Africa
7. The name is absent
8. The name is absent
9. Nonlinear Production, Abatement, Pollution and Materials Balance Reconsidered
10. The name is absent