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Trade linkages and growth in South Africa: an SVAR analysis

This paper investigates the vulnerability of South Africa to the shocks that originate from its major trading partners over time using a structural vector autoregressive framework. We examine the impact of shocks emanating from the EU, the US, China, Japan, India and Brazil on South Africa’s output...

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Main Author: Liu, Xinman
Other Authors: Kotze, Kevin
Format: Thesis
Language:English
Published: School of Economics 2020
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access_status_str Open Access
author Liu, Xinman
author2 Kotze, Kevin
author_browse Kotze, Kevin
Liu, Xinman
author_facet Kotze, Kevin
Liu, Xinman
author_sort Liu, Xinman
collection Thesis
description This paper investigates the vulnerability of South Africa to the shocks that originate from its major trading partners over time using a structural vector autoregressive framework. We examine the impact of shocks emanating from the EU, the US, China, Japan, India and Brazil on South Africa’s output growth through both direct and indirect trade linkages, by considering the changing trade patterns from 1996 to 2017. The results suggest that the South African economy has become more integrated with emerging economies. Furthermore, China has increased its impact on the output growth of the other sample economies through trade linkages, which implies that developments in China are of increasing importance to other economies. The US and the EU are still dominated in propagating shocks despite their declining impact on the output growth of other economies in this sample.
format Thesis
id oai:open.uct.ac.za:11427/31614
institution University of Cape Town (South Africa)
language eng
last_indexed 2026-06-10T12:47:48.488Z
license_str Not specified — see source repository
provenance_str_mv Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository
publishDate 2020
publishDateRange 2020
publishDateSort 2020
publisher School of Economics
publisherStr School of Economics
record_format dspace
source_str UCTD — University of Cape Town Open Access Repository
spelling oai:open.uct.ac.za:11427/31614 Trade linkages and growth in South Africa: an SVAR analysis Liu, Xinman Kotze, Kevin Trade linkages South Africa SVAR model output shocks This paper investigates the vulnerability of South Africa to the shocks that originate from its major trading partners over time using a structural vector autoregressive framework. We examine the impact of shocks emanating from the EU, the US, China, Japan, India and Brazil on South Africa’s output growth through both direct and indirect trade linkages, by considering the changing trade patterns from 1996 to 2017. The results suggest that the South African economy has become more integrated with emerging economies. Furthermore, China has increased its impact on the output growth of the other sample economies through trade linkages, which implies that developments in China are of increasing importance to other economies. The US and the EU are still dominated in propagating shocks despite their declining impact on the output growth of other economies in this sample. 2020-03-17T12:57:21Z 2020-03-17T12:57:21Z 2019 2020-03-17T12:19:49Z Master Thesis Masters MCom https://hdl.handle.net/11427/31614 eng application/pdf School of Economics Faculty of Commerce
spellingShingle Trade linkages
South Africa
SVAR model
output shocks
Liu, Xinman
Trade linkages and growth in South Africa: an SVAR analysis
thesis_degree_str Master's
title Trade linkages and growth in South Africa: an SVAR analysis
title_full Trade linkages and growth in South Africa: an SVAR analysis
title_fullStr Trade linkages and growth in South Africa: an SVAR analysis
title_full_unstemmed Trade linkages and growth in South Africa: an SVAR analysis
title_short Trade linkages and growth in South Africa: an SVAR analysis
title_sort trade linkages and growth in south africa an svar analysis
topic Trade linkages
South Africa
SVAR model
output shocks
url https://hdl.handle.net/11427/31614
work_keys_str_mv AT liuxinman tradelinkagesandgrowthinsouthafricaansvaranalysis