Aggregate Investment in South Africa: A Model with Implications for Political Reform
A small macroeconomic model is used as the basis for estimating the determinants of investment in South Africa within a simultaneous equations framework. Investment is highly sensitive to interest rates, relative prices, and political instability. The policy implications of such sensitivity are outlined. Copyright 1997 by Blackwell Publishing Ltd
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Volume (Year): 59 (1997)
Issue (Month): 3 (August)
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