Why Isn't South Africa Growing Faster? A Comparative Approach

Author/Editor: Eyraud, Luc
Publication Date: February 01, 2009
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary: The purpose of this paper is 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. The study finds that sluggish investment has undermined growth since 1996 and that the underinvestment is in part explained by limited saving. Thus, over the last decade, interactions between investment, saving, and production may have perpetuated slow growth in South Africa.
Series: Working Paper No. 09/25
Subject(s): Economic growth | South Africa | Gross domestic product | Savings | Private savings | Investment | Labor productivity | Cross country analysis | Economic models

Author's Keyword(s): investment | saving | growth | emerging countries
Publication Date: February 01, 2009
Format: Paper
Stock No: WPIEA2009025 Pages: 23
US$18.00 (Academic Rate:
US$18.00 )
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