South Africa: Selected Issues

December 11, 2014

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Format: Chicago

South Africa: Selected Issues, (USA: International Monetary Fund, 2014) accessed December 26, 2024

Summary

This Selected Issues paper estimates the potential growth rate for South Africa using different methodologies. In line with existing studies and findings for other emerging markets, the paper finds that South Africa’s potential growth rate has declined in the post global financial crisis period. Though there is substantial uncertainty, South Africa’s potential growth is estimated to have fallen from an average of 3.5 to 4 percent during 2000–08 to 2.25 to 2.50 percent in 2010–14, implying that the output gap in 2014 would be between –0.5 and –1.3 percent of GDP.

Subject: Consumption taxes, Export performance, Exports, Financial services, Fiscal consolidation, Fiscal policy, International trade, Taxes, Yield curve

Keywords: Africa, Capital utilization ratio, Consumption taxes, CR, Employment-growth elasticity, Expenditure measure, Export performance, Exports, Firm, Fiscal consolidation, Global, HP filter, ISCR, Production function approach, Rate, Sub-Saharan Africa, Yield curve

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/339
Stock No:

1ZAFEA2014002
ISBN:

9781484313626
ISSN:

1934-7685

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