Why Isn't South Africa Growing Faster? Microeconomic Evidence from a Firm Survey

The investment levels in South Africa have remained relatively low despite an overall picture of economic stability and good governance. This analysis looks at South Africa's investment climate, using data from an Investment Climate Survey (ICS) of over 800 firms conducted by the Department of...

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Main Authors:	Clarke, George, Habyarimana, James, Kaplan, David, Ramachandran, Vijaya
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Capital Budgeting Fixed Investment and Inventory Studies G310 Human Capital Skills Occupational Choice Labor Productivity J240 Firm Performance: Size, Diversification, and Scope L250 Microeconomic Analyses of Economic Development O120 Economic Development: Human Resources Human Development Income Distribution Migration O150 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160
Online Access:	http://hdl.handle.net/10986/5531

id	okr-10986-5531
recordtype	oai_dc
spelling	okr-10986-55312021-04-23T14:02:22Z Why Isn't South Africa Growing Faster? Microeconomic Evidence from a Firm Survey Clarke, George Habyarimana, James Kaplan, David Ramachandran, Vijaya Capital Budgeting Fixed Investment and Inventory Studies G310 Human Capital Skills Occupational Choice Labor Productivity J240 Firm Performance: Size, Diversification, and Scope L250 Microeconomic Analyses of Economic Development O120 Economic Development: Human Resources Human Development Income Distribution Migration O150 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 The investment levels in South Africa have remained relatively low despite an overall picture of economic stability and good governance. This analysis looks at South Africa's investment climate, using data from an Investment Climate Survey (ICS) of over 800 firms conducted by the Department of Trade and Industry and the World Bank. It suggests that exchange rate instability and the cost of crime may be deterrents to investment. But more importantly, labour regulations may be discouraging firms from entering labour-intensive areas. Labour costs are also high, especially for skilled workers. Efforts to improve worker skills are crucial for raising human capital levels and reducing the cost of skilled labour. 2012-03-30T07:33:17Z 2012-03-30T07:33:17Z 2008 Journal Article Journal of International Development 09541748 http://hdl.handle.net/10986/5531 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article South Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Capital Budgeting Fixed Investment and Inventory Studies G310 Human Capital Skills Occupational Choice Labor Productivity J240 Firm Performance: Size, Diversification, and Scope L250 Microeconomic Analyses of Economic Development O120 Economic Development: Human Resources Human Development Income Distribution Migration O150 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160
spellingShingle	Capital Budgeting Fixed Investment and Inventory Studies G310 Human Capital Skills Occupational Choice Labor Productivity J240 Firm Performance: Size, Diversification, and Scope L250 Microeconomic Analyses of Economic Development O120 Economic Development: Human Resources Human Development Income Distribution Migration O150 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Clarke, George Habyarimana, James Kaplan, David Ramachandran, Vijaya Why Isn't South Africa Growing Faster? Microeconomic Evidence from a Firm Survey
geographic_facet	South Africa
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	The investment levels in South Africa have remained relatively low despite an overall picture of economic stability and good governance. This analysis looks at South Africa's investment climate, using data from an Investment Climate Survey (ICS) of over 800 firms conducted by the Department of Trade and Industry and the World Bank. It suggests that exchange rate instability and the cost of crime may be deterrents to investment. But more importantly, labour regulations may be discouraging firms from entering labour-intensive areas. Labour costs are also high, especially for skilled workers. Efforts to improve worker skills are crucial for raising human capital levels and reducing the cost of skilled labour.
format	Journal Article
author	Clarke, George Habyarimana, James Kaplan, David Ramachandran, Vijaya
author_facet	Clarke, George Habyarimana, James Kaplan, David Ramachandran, Vijaya
author_sort	Clarke, George
title	Why Isn't South Africa Growing Faster? Microeconomic Evidence from a Firm Survey
title_short	Why Isn't South Africa Growing Faster? Microeconomic Evidence from a Firm Survey
title_full	Why Isn't South Africa Growing Faster? Microeconomic Evidence from a Firm Survey
title_fullStr	Why Isn't South Africa Growing Faster? Microeconomic Evidence from a Firm Survey
title_full_unstemmed	Why Isn't South Africa Growing Faster? Microeconomic Evidence from a Firm Survey
title_sort	why isn't south africa growing faster? microeconomic evidence from a firm survey
publishDate	2012
url	http://hdl.handle.net/10986/5531
_version_	1764395386111262720

Why Isn't South Africa Growing Faster? Microeconomic Evidence from a Firm Survey

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