South Africa : Stimulating Economic Growth
South Africa has begun a new phase in its history. This article reports on a study examining the challenge of promoting equitable and fiscally sustainable growth, and evaluating alternative paths to growth using an econometric model developed by Wo...
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1994/07/1614975/south-africa-stimulating-economic-growth http://hdl.handle.net/10986/10014 |
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okr-10986-100142021-04-23T14:02:48Z South Africa : Stimulating Economic Growth Fallon, Peter Pereira de Silva, Luiz A. ECONOMIC GROWTH ECONOMETRIC MODELS PUBLIC INVESTMENTS PRIVATE INVESTMENTS EXPORT PROMOTION SKILLED WORKERS PUBLIC EXPENDITURES POVERTY MITIGATION POLITICAL STABILITY INTERNATIONAL CAPITAL MARKETS EMPLOYMENT TRADE POLICY LABOR MARKETS AGGREGATE DEMAND AGRICULTURE BALANCE OF PAYMENTS BASIC EDUCATION CAPITAL STOCK DEBT DEVELOPED COUNTRIES DISPOSABLE INCOME ECONOMIC EFFECTS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC PROBLEMS ELECTRICITY GENERATION EMPLOYMENT GROWTH EXCHANGE RATE EXOGENOUS FACTORS EXPORTS FOREIGN EXCHANGE FOREIGN INVESTMENT FUELS GDP GOVERNMENT EXPENDITURE GROSS DOMESTIC PRODUCT GROWTH PATH HIGH GROWTH IMPORT DUTIES IMPORTS INCOME INCOME DIFFERENTIALS INCREASED INVESTMENT INFLATION INTEREST RATES INTERMEDIATE GOODS INVESTMENT INVESTMENT LEVELS LABOR FORCE LABOR MARKET LABOR SUPPLY LABOR SUPPLY GROWTH LONG RUN LOW INTEREST RATES MACROECONOMIC MODEL MONETARY POLICIES PER CAPITA GROWTH POLICIES POLITICAL STABILITY PRIVATE INVESTMENT PRIVATE SECTOR PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SERVICES PUBLIC SPENDING RAPID GROWTH REAL GDP RECESSION REDISTRIBUTIVE POLICIES REGULATORY FRAMEWORK SAVINGS SKILLED LABOR SKILLED WORKERS SOCIAL STABILITY SOCIAL TENSIONS SUSTAINABLE GROWTH TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH UNEMPLOYMENT WAGES South Africa has begun a new phase in its history. This article reports on a study examining the challenge of promoting equitable and fiscally sustainable growth, and evaluating alternative paths to growth using an econometric model developed by World Bank staff. The broad conclusion is that there needs to be greater complementarity between stimulating the economy through public investment and reviving private investment if South Africa is to achieve a sustainable growth. The prospects of success will be improved considerably if skills are upgraded and a reorientation towards exports is achieved, accompanied by a restructuring of public expenditure - within fiscally sustainable limits - for targeting the poor. The scenarios examined assume that political stability is achieved and that access to international capital markets improves. 2012-08-13T10:10:21Z 2012-08-13T10:10:21Z 1994-07 http://documents.worldbank.org/curated/en/1994/07/1614975/south-africa-stimulating-economic-growth http://hdl.handle.net/10986/10014 English Africa Region Findings & Good Practice Infobriefs; No. 21 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Africa South Africa |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH ECONOMETRIC MODELS PUBLIC INVESTMENTS PRIVATE INVESTMENTS EXPORT PROMOTION SKILLED WORKERS PUBLIC EXPENDITURES POVERTY MITIGATION POLITICAL STABILITY INTERNATIONAL CAPITAL MARKETS EMPLOYMENT TRADE POLICY LABOR MARKETS AGGREGATE DEMAND AGRICULTURE BALANCE OF PAYMENTS BASIC EDUCATION CAPITAL STOCK DEBT DEVELOPED COUNTRIES DISPOSABLE INCOME ECONOMIC EFFECTS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC PROBLEMS ELECTRICITY GENERATION EMPLOYMENT GROWTH EXCHANGE RATE EXOGENOUS FACTORS EXPORTS FOREIGN EXCHANGE FOREIGN INVESTMENT FUELS GDP GOVERNMENT EXPENDITURE GROSS DOMESTIC PRODUCT GROWTH PATH HIGH GROWTH IMPORT DUTIES IMPORTS INCOME INCOME DIFFERENTIALS INCREASED INVESTMENT INFLATION INTEREST RATES INTERMEDIATE GOODS INVESTMENT INVESTMENT LEVELS LABOR FORCE LABOR MARKET LABOR SUPPLY LABOR SUPPLY GROWTH LONG RUN LOW INTEREST RATES MACROECONOMIC MODEL MONETARY POLICIES PER CAPITA GROWTH POLICIES POLITICAL STABILITY PRIVATE INVESTMENT PRIVATE SECTOR PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SERVICES PUBLIC SPENDING RAPID GROWTH REAL GDP RECESSION REDISTRIBUTIVE POLICIES REGULATORY FRAMEWORK SAVINGS SKILLED LABOR SKILLED WORKERS SOCIAL STABILITY SOCIAL TENSIONS SUSTAINABLE GROWTH TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH UNEMPLOYMENT WAGES |
| spellingShingle |
ECONOMIC GROWTH ECONOMETRIC MODELS PUBLIC INVESTMENTS PRIVATE INVESTMENTS EXPORT PROMOTION SKILLED WORKERS PUBLIC EXPENDITURES POVERTY MITIGATION POLITICAL STABILITY INTERNATIONAL CAPITAL MARKETS EMPLOYMENT TRADE POLICY LABOR MARKETS AGGREGATE DEMAND AGRICULTURE BALANCE OF PAYMENTS BASIC EDUCATION CAPITAL STOCK DEBT DEVELOPED COUNTRIES DISPOSABLE INCOME ECONOMIC EFFECTS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC PROBLEMS ELECTRICITY GENERATION EMPLOYMENT GROWTH EXCHANGE RATE EXOGENOUS FACTORS EXPORTS FOREIGN EXCHANGE FOREIGN INVESTMENT FUELS GDP GOVERNMENT EXPENDITURE GROSS DOMESTIC PRODUCT GROWTH PATH HIGH GROWTH IMPORT DUTIES IMPORTS INCOME INCOME DIFFERENTIALS INCREASED INVESTMENT INFLATION INTEREST RATES INTERMEDIATE GOODS INVESTMENT INVESTMENT LEVELS LABOR FORCE LABOR MARKET LABOR SUPPLY LABOR SUPPLY GROWTH LONG RUN LOW INTEREST RATES MACROECONOMIC MODEL MONETARY POLICIES PER CAPITA GROWTH POLICIES POLITICAL STABILITY PRIVATE INVESTMENT PRIVATE SECTOR PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SERVICES PUBLIC SPENDING RAPID GROWTH REAL GDP RECESSION REDISTRIBUTIVE POLICIES REGULATORY FRAMEWORK SAVINGS SKILLED LABOR SKILLED WORKERS SOCIAL STABILITY SOCIAL TENSIONS SUSTAINABLE GROWTH TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH UNEMPLOYMENT WAGES Fallon, Peter Pereira de Silva, Luiz A. South Africa : Stimulating Economic Growth |
| geographic_facet |
Africa South Africa |
| relation |
Africa Region Findings & Good Practice Infobriefs; No. 21 |
| description |
South Africa has begun a new phase in
its history. This article reports on a study examining the
challenge of promoting equitable and fiscally sustainable
growth, and evaluating alternative paths to growth using an
econometric model developed by World Bank staff. The broad
conclusion is that there needs to be greater complementarity
between stimulating the economy through public investment
and reviving private investment if South Africa is to
achieve a sustainable growth. The prospects of success will
be improved considerably if skills are upgraded and a
reorientation towards exports is achieved, accompanied by a
restructuring of public expenditure - within fiscally
sustainable limits - for targeting the poor. The scenarios
examined assume that political stability is achieved and
that access to international capital markets improves. |
| format |
Publications & Research :: Brief |
| author |
Fallon, Peter Pereira de Silva, Luiz A. |
| author_facet |
Fallon, Peter Pereira de Silva, Luiz A. |
| author_sort |
Fallon, Peter |
| title |
South Africa : Stimulating Economic Growth |
| title_short |
South Africa : Stimulating Economic Growth |
| title_full |
South Africa : Stimulating Economic Growth |
| title_fullStr |
South Africa : Stimulating Economic Growth |
| title_full_unstemmed |
South Africa : Stimulating Economic Growth |
| title_sort |
south africa : stimulating economic growth |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1994/07/1614975/south-africa-stimulating-economic-growth http://hdl.handle.net/10986/10014 |
| _version_ |
1764411489545879552 |