000			01845nam a22002537a 4500
003			ZW-GwMSU
005			20240416080547.0
008			240416b |||||||| |||| 00| 0 eng d
022			_a09638024
040			_aMSU _bEnglish _cMSU _erda
050	0	0	_aHC800 JOU
100	1		_aDu Plessis Stan _eauthor
245	1	0	_aSouth Africa's growth revival after 1994 _ccreated by Stan Du Plessis and Ben Smit
264	1		_aOxford: _bOxford University Press, _c2007
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aJournal of African economies _vVolume 16, number 5
520	3		_aThis paper aims to describe, identify underlying factors and seek explanations for South Africa's economic recovery since 1994, as evidenced by trends in growth and investment. Compared with an international peer group, the initial conditions for a dramatic growth recovery were inauspicious in 1994. Growth accounting methods are applied to distinguish the relative contributions of capital, labour and total factor productivity (TFP) to the growth revival, employing a broader range of measures for the contribution of labour at the aggregate level than used previously, and data of a more recent vintage. Sectoral developments since 1997 are also analysed using growth accounting. We find that TFP growth accounts for 50% or more of South Africa's economic recovery, with the result mainly holding at the sectoral level too. Examination of empirical studies suggests that this result is primarily explained by openness to trade and capital flows, lower uncertainty and lower interest rates. Finally we consider policy implications.
650			_aEconomic growth _vProductivity _xEstimation _zSouth Africa
700			_aSmit Ben _eco-author
856			_u10.1093/jae/ejm012
942			_2lcc _cJA
999			_c164888 _d164888