Why isn't South Africa Growing Faster? a Comparative Approach
February 1, 2009
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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.
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
Pages:
25
Volume:
2009
DOI:
Issue:
025
Series:
Working Paper No. 2009/025
Stock No:
WPIEA2009025
ISBN:
9781451871722
ISSN:
1018-5941
