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South Africa in the African Economy

Author

Listed:
  • Vivek Arora

    (IMF Senior Resident Representative in China, varora@imf.org.)

  • Athanasios Vamvakidis

    (Deputy Division Chief, IMF Strategy Policy and Review Department, Washington DC, avamvakidis@imf.org.)

Abstract

A key feature of the world economy in recent decades has been growing economic integration among groups of countries. This pattern is also evident in Africa, and, since 1994, in the integration between South Africa and the rest of the continent across many economic dimensions. A question that naturally arises as countries grow more closely integrated is what influence they might have on each other. In particular, does a country’s economic growth have “spillover effects†on its partner countries? Are these spillovers generally beneficial, and what is their size? And what might be some of the future implications of regional integration? This article updates what was, to our knowledge, one of the first empirical assessments of the spillover from South African growth to other African countries. 1 It also discusses some implications of the updated results in the context of more recent research on African regional integration.

Suggested Citation

  • Vivek Arora & Athanasios Vamvakidis, 2010. "South Africa in the African Economy," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 2(2), pages 153-171, May.
    • Handle: RePEc:sae:emeeco:v:2:y:2010:i:2:p:153-171
    DOI: 10.1177/097491011000200204
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    References listed on IDEAS

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    1. Francisco L. Rivera-Batiz & Luis A. Rivera-Batiz, 2018. "Economic Integration and Endogenous Growth," World Scientific Book Chapters, in: Francisco L Rivera-Batiz & Luis A Rivera-Batiz (ed.), International Trade, Capital Flows and Economic Development, chapter 1, pages 3-32, World Scientific Publishing Co. Pte. Ltd..
    2. Arora, Vivek & Vamvakidis, Athanasios, 2004. "The Impact of U.S. Economic Growth on the Rest of the World: How Much Does It Matter?," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 19, pages 1-18.
    3. Dollar, David, 2008. "Lessons from China for Africa," Policy Research Working Paper Series 4531, The World Bank.
    4. Paul Krugman, 2009. "The Increasing Returns Revolution in Trade and Geography," American Economic Review, American Economic Association, vol. 99(3), pages 561-571, June.
    5. David E. Bloom & Jeffrey D. Sachs, 1998. "Geography, Demography, and Economic Growth in Africa," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(2), pages 207-296.
    6. Vivek Arora & Athanasios Vamvakidis, 2005. "The Implications Of South African Economic Growth For The Rest Of Africa," South African Journal of Economics, Economic Society of South Africa, vol. 73(2), pages 229-242, June.
    7. Mr. Vivek B. Arora & Mr. Athanasios Vamvakidis, 2005. "The Implications of South African Economic Growth for the Rest of Africa," IMF Working Papers 2005/058, International Monetary Fund.
    8. Ms. Iyabo Masha & Mr. Leighton S Harris & Mr. Jian-Ye Wang & Ms. Kazuko Shirono, 2007. "The Common Monetary Area in Southern Africa: Shocks, Adjustment, and Policy Challenges," IMF Working Papers 2007/158, International Monetary Fund.
    9. Vivek Arora & Athanasios Vamvakidis, 2005. "How Much Do Trading Partners Matter for Economic Growth?," IMF Staff Papers, Palgrave Macmillan, vol. 52(1), pages 24-40, April.
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