Why isn't South Africa Growing Faster? a Comparative Approach
IMF Working Papers, February 1, 2009
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- Why isn't South Africa Growing Faster? a Comparative Approach
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Bibliographic details
- Authors: Luc Eyraud
- Published: February 1, 2009
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451871722.001
Purpose and principal findings
- Purpose: To examine factors that have constrained South Africa's growth since the end of apartheid by comparing its GDP components and its saving and investment performance with those of 10 faster-growing countries.
- Principal findings:
- Sluggish investment has undermined growth since 1996.
- The underinvestment is in part explained by limited saving.
- Over the last decade, interactions between investment, saving, and production may have perpetuated slow growth in South Africa.
Analysis focus and themes
- Comparative analysis of:
- GDP components.
- Saving and investment performance.
- Interaction between investment, saving, and production.
- Time horizons emphasized:
- Since the end of apartheid (post-apartheid period).
- Since 1996 (investment role highlighted).
- Over the last decade (feedbacks between investment, saving, and production).
Subjects and keywords
- Subject: Financial services, Labor, Labor productivity, National accounts, Private savings, Production, Real interest rates, Total factor productivity
- Keywords: Africa, emerging countries, GDP, GDP growth, growth, growth in South Africa, investment, Labor productivity, Private savings, rate, real interest rate, Real interest rates, saving, saving performance, saving rate, Total factor productivity, WP