Potential Output And Total Factor Productivity Growth In Post Apartheid South Africa
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Potential Output And Total Factor Productivity Growth In Post Apartheid South Africa
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Author : Mr.Ashok Bhundia
language : en
Publisher: International Monetary Fund
Release Date : 2003-09-01
Potential Output And Total Factor Productivity Growth In Post Apartheid South Africa written by Mr.Ashok Bhundia and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-09-01 with Business & Economics categories.
This paper provides estimates of potential output growth in post-apartheid South Africa using both time trend techniques and a production function approach which indicates a potential growth rate of around 3 percent. The implied output gap provides statistically significant information for predicting inflation and could thus provide valuable input for formulating macroeconomic policy. Growth accounting and regression analysis suggest that an increase in trend GDP growth after the end of apartheid in 1994 is attributable to higher TFP growth driven by trade liberalization and greater private sector participation.
Potential Output And Total Factor Productivity Growth In Post Apartheid South Africa
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Author : Vivek B. Arora
language : en
Publisher:
Release Date : 2006
Potential Output And Total Factor Productivity Growth In Post Apartheid South Africa written by Vivek B. Arora and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
This paper provides estimates of potential output growth in post-apartheid South Africa using both time trend techniques and a production function approach which indicates a potential growth rate of around 3 percent. The implied output gap provides statistically significant information for predicting inflation and could thus provide valuable input for formulating macroeconomic policy. Growth accounting and regression analysis suggest that an increase in trend GDP growth after the end of apartheid in 1994 is attributable to higher TFP growth driven by trade liberalization and greater private sector participation.
Measuring The Potential Output Of South Africa
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Author : Nir Klein
language : en
Publisher: International Monetary Fund
Release Date : 2011-08-25
Measuring The Potential Output Of South Africa written by Nir Klein and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-08-25 with Business & Economics categories.
This paper provides an assessment of the South African potential output for the period 1985-2010 by applying both structural and nonstructural estimation techniques. The analysis suggests that, while potential output growth steadily accelerated in the post-apartheid era to about 3 1/2 percent (1994-2008), it has decelerated considerably following the outbreak of the financial crisis, as was observed in other advanced and emerging economies. While this indicates that, at around -1 1/ 2 percent, the estimated 2010 output gap was lower than previously thought, there is a fair amount of uncertainty regarding its "true" magnitude, reflecting in part the backward looking nature of the estimation methods. The paper concludes that the potential growth is likely to gradually revert to its precrisis pace and the output gap to have closed by early 2012.
Post Apartheid South Africa
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Author : Mr.M. Nowak
language : en
Publisher: International Monetary Fund
Release Date : 2006-01-12
Post Apartheid South Africa written by Mr.M. Nowak and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-12 with Business & Economics categories.
This book provides a comprehensive review of recent economic developments in South Africa and the structural and policy challenges facing the authorities. Individual papers examine a range of topics such as unemployment and the labor market, recent trends in the private saving rate, the role of foreign direct investment in the development of South Africa’s economy, the human and economic repercussions of the HIV/AIDS epidemic, the role of fiscal policy in economic stabilization, inflation developments, liberalization of trade and capital transactions, exchange rate developments, and lessons from the rand crises of 1998 and 2001.
Infrastructure And Growth In South Africa
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Author : Johannes W. Fedderke
language : en
Publisher: World Bank Publications
Release Date : 2006
Infrastructure And Growth In South Africa written by Johannes W. Fedderke and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Infrastructure (Economics) categories.
"Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous (countervailing signs) results with little robustness. A number of explanations of the contradictory findings have been proposed. These range from the crowd-out of private by public sector investment, non-linearities generating the possibility of infrastructure overprovision, simultaneity between infrastructure provision and growth, and the possibility of multiple (hence indirect) channels of influence between infrastructure and productivity improvements. The authors explore these possibilities using panel data for South Africa over the 1970-2000 period, and a range of 19 infrastructure measures. Using a number of alternative measures of productivity, the prevalence of ambiguous (countervailing signs) results, with little systematic pattern is also shown to hold for their data set in estimations that include the infrastructure measures in simple growth frameworks. The authors demonstrate that controlling for potential endogeneity of infrastructure in estimation robustly eliminates virtually all evidence of ambiguous impacts of infrastructure, due for example to possible overinvestment in infrastructure. Controlling for the possibility of endogeneity in the infrastructure measures renders the impact of infrastructure capital not only positive, but of economically meaningful magnitudes. These findings are invariant between the direct impact of infrastructure on labor productivity, and the indirect impact of infrastructure on total factor productivity."--World Bank web site.
After Apartheid
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Author : Ian Shapiro
language : en
Publisher: University of Virginia Press
Release Date : 2011-06-21
After Apartheid written by Ian Shapiro and has been published by University of Virginia Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-06-21 with History categories.
Democracy came to South Africa in April 1994, when the African National Congress won a landslide victory in the first free national election in the country’s history. That definitive and peaceful transition from apartheid is often cited as a model for others to follow. The new order has since survived several transitions of ANC leadership, and it averted a potentially destabilizing constitutional crisis in 2008. Yet enormous challenges remain. Poverty and inequality are among the highest in the world. Staggering unemployment has fueled xenophobia, resulting in deadly aggression directed at refugees and migrant workers from Zimbabwe and Mozambique. Violent crime rates, particularly murder and rape, remain grotesquely high. The HIV/AIDS pandemic was shockingly mishandled at the highest levels of government, and infection rates continue to be overwhelming. Despite the country’s uplifting success of hosting Africa’s first World Cup in 2010, inefficiency and corruption remain rife, infrastructure and basic services are often semifunctional, and political opposition and a free media are under pressure. In this volume, major scholars chronicle South Africa’s achievements and challenges since the transition. The contributions, all previously unpublished, represent the state of the art in the study of South African politics, economics, law, and social policy.
2015 Agricultural Total Factor Productivity And Competitiveness Analysis For States And Federal Territories And Five Regions Of India Annual Competitiveness Update And Evidence On The Agricultural Development Models For Selected Indian States
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Author : Khee Giap Tan
language : en
Publisher: World Scientific
Release Date : 2016-11-22
2015 Agricultural Total Factor Productivity And Competitiveness Analysis For States And Federal Territories And Five Regions Of India Annual Competitiveness Update And Evidence On The Agricultural Development Models For Selected Indian States written by Khee Giap Tan and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-22 with Business & Economics categories.
This book by the Asia Competitiveness Institute (ACI) undertakes rigorous empirical research relating to competitiveness of states and federal territories in India. The competitiveness framework employed by ACI computes the rankings for the 35 states and federal territories of India by factoring in a plethora of socio-economic development indicators that determine competitiveness. In this book, ACI's competitiveness analysis employs 75 different indicators across four different environments to capture the dynamics of competitiveness in a holistic way at the sub-national level. Further, the book produces a 'What-If' competitiveness simulation exercise to identify the specific policy areas that each state or federal territory must focus on to improve their rankings. Along with competitiveness, the book also presents a comprehensive analysis of issues relating to agricultural productivity at the sub-national level. Specifically, the book discusses the relevance and importance of raising total factor productivity in the agriculture sector in India at the state level and also brings out the extent of intra-state and intra-regional disparities prevalent in the country.
Structural Transformation In South Africa
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Author : Antonio Andreoni
language : en
Publisher: Oxford University Press
Release Date : 2021
Structural Transformation In South Africa written by Antonio Andreoni and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with Business & Economics categories.
Taking South Africa as an important case study of the challenges of structural transformation, the book offers a new micro-meso level framework and evidence linking country-specific and global dynamics of change, with a focus on the current challenges and opportunities faced by middle-income countries.
How Immigrants Contribute To South Africa S Economy
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2018-07-26
How Immigrants Contribute To South Africa S Economy written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-26 with categories.
How Immigrants Contribute to South Africa’s Economy is the result of a project carried out by the OECD Development Centre and the International Labour Organization, with support from the European Union.
A New Methodology For Estimating The Output Gap In The United States
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Author : Ali Alichi
language : en
Publisher: International Monetary Fund
Release Date : 2015-06-30
A New Methodology For Estimating The Output Gap In The United States written by Ali Alichi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-30 with Business & Economics categories.
The gap between potential and actual output—the output gap—is a key variable for policymaking. This paper adapts the methodology developed in Blagrave and others (2015) to estimate the path of output gap in the U.S. economy. The results show that the output gap has considerably shrunk since the Great Recession, but still remains negative. While the results are more robust than other existing methodologies, there is still significant uncertainty surrounding the estimates.