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The South African Economy in the Twentieth Century

In: Business Cycles and Structural Change in South Africa

Author

Listed:
  • W. H. Boshoff

    (Stellenbosch University)

  • J. Fourie

    (Stellenbosch University)

Abstract

The South African economy transformed substantially since 1910. While primary sectors like agriculture and mining had formed the backbone of the economy during the early decades, financial services and other tertiary sector industries were the biggest contributors to production by the end of the period. These processes of industrialisation and modernisation would make South Africa, by the beginning of the twenty-first century, one of the richest countries on the African continent. This chapter introduces a new data series of gross domestic product and its sectoral components to investigate this transformation. The complete series, spanning 106 years, allows us to identify key periods of structural change and their interrelation with aggregate and sectoral cyclical behaviour.

Suggested Citation

  • W. H. Boshoff & J. Fourie, 2020. "The South African Economy in the Twentieth Century," Advances in African Economic, Social and Political Development, in: Willem H. Boshoff (ed.), Business Cycles and Structural Change in South Africa, pages 49-70, Springer.
  • Handle: RePEc:spr:aaechp:978-3-030-35754-2_3
    DOI: 10.1007/978-3-030-35754-2_3
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    Cited by:

    1. Facundo Alvaredo & A. B. Atkinson, 2022. "Top incomes in South Africa in the twentieth century," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 16(3), pages 477-546, September.
    2. Ellen Feingold & Johan Fourie & Leigh Gardner, 2021. "A tale of paper and gold: The material history of money in South Africa," Economic History of Developing Regions, Taylor & Francis Journals, vol. 36(2), pages 264-281, May.

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