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Aspects of growth empirics in South Africa
Thesis (DCom(Economics))--University of Pretoria, 2005.
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University of Pretoria
2013
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| _version_ | 1867613649388961792 |
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| access_status_str | Open Access |
| author2 | Koekemoer, Renee |
| author_browse | Koekemoer, Renee |
| author_facet | Koekemoer, Renee |
| collection | Thesis |
| dc_rights_str_mv | © 2003, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Thesis (DCom(Economics))--University of Pretoria, 2005. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/23183 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:39:30.213Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/23183 Aspects of growth empirics in South Africa Koekemoer, Renee dejagerj@npi.co.za De Jager, Johannes L W Productivity Manufacturing Exports Granger causility Time series South africa Econimic growth UCTD Thesis (DCom(Economics))--University of Pretoria, 2005. Economic growth is the single most important factor in the economic success of nations. Growth can be robust in trying circumstances over the short term, but usually requires the basic tenets of peace, safety and security, the rule of law, price and exchange rate stability and a market friendly ambience to be sustainable over decades. Achieving this is a formidable task, but does not guarantee success, because other factors, such as pessimism or uncertainty in the business community, rumours and corruption, can impede progress. Government policy plays a vital role in economic growth, but measures of it are scarce and problematic. Similarly, economic data focus on outcomes, rather than on causes, for example, numbers employed rather than labour market policies. Growth analysts generally use indirect measures to analyse growth causes and effects. There are more of these, but many are also volatile over the long term. Economists devised empirical tools to compensate for these obstacles, and such tools were used in this study to investigate South Africa’s growth record, in order to determine what worked and what did not. This study shows that measures of openness of the economy to trade are indicative of growth. A robust and export-oriented manufacturing sector contributes to growth and perpetuates itself. This implies that barriers to trade, such as tariffs and quotas must be minimised and manufactured exports promoted, rather than primary products such as iron ore and coal. Nonproductive government spending reduces the growth rate and should be minimised, and the largest expenditures should be on safety and security (because crime incidence reduces growth), housing for the poor, and education, while most other services such as electricity, transport and communication should be privatised. While investment is important, its link to growth is bi-directional. However, productivity is a significant contributor to growth. Unused capacity of human resources and machines is productivity’s main detractor. Policies to enhance rival competition in the private sector, with full utilisation of capacity, increase productivity growth and can have sizeable spin-offs for economic growth and living standards. Economics unrestricted 2013-09-06T14:43:24Z 2004-03-15 2013-09-06T14:43:24Z 2003-11-30 2005-03-15 2004-03-15 Thesis De Jager, J 2003, Aspects of growth empirics in South Africa, DCom(Economics) thesis, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/23183 > http://hdl.handle.net/2263/23183 http://upetd.up.ac.za/thesis/available/etd-03152004-121825/ © 2003, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf University of Pretoria |
| spellingShingle | Productivity Manufacturing Exports Granger causility Time series South africa Econimic growth UCTD Aspects of growth empirics in South Africa |
| title | Aspects of growth empirics in South Africa |
| title_full | Aspects of growth empirics in South Africa |
| title_fullStr | Aspects of growth empirics in South Africa |
| title_full_unstemmed | Aspects of growth empirics in South Africa |
| title_short | Aspects of growth empirics in South Africa |
| title_sort | aspects of growth empirics in south africa |
| topic | Productivity Manufacturing Exports Granger causility Time series South africa Econimic growth UCTD |
| url | http://hdl.handle.net/2263/23183 http://upetd.up.ac.za/thesis/available/etd-03152004-121825/ |