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Economic Growth in South Africa


  • Johannes Fedderke
  • Charles Simkins


This paper provides an overview of South African economic growth and employs modern growth theory to structure the historical record. The recent literature on growth is large and investigates the impact of a great many variables on economic growth. Constraints of space and information confine this analysis to the following core issues: the relative contributions of employment, capital stock and technological change on growth; the determinants of investment and hence of the trajectory of capital accumulation; the contribution of the financial sector and foreign capital flows; the contribution of human capital; the impact of monetary and fiscal policy; growth consequences of governance and institutions; and the functioning of the labour market and its impact on growth.

Suggested Citation

  • Johannes Fedderke & Charles Simkins, 2012. "Economic Growth in South Africa," Economic History of Developing Regions, Taylor & Francis Journals, vol. 27(1), pages 176-208.
  • Handle: RePEc:taf:rehdxx:v:27:y:2012:i:1:p:176-208
    DOI: 10.1080/20780389.2012.682408

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    Cited by:

    1. Omokolade Akinsomi & Mehmet Balcilar & Rıza Demirer & Rangan Gupta, 2017. "The effect of gold market speculation on REIT returns in South Africa: a behavioral perspective," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 41(4), pages 774-793, October.
    2. Margaret Chitiga & Ramos Mabugu & Hélène Maisonnave, 2016. "Analysing job creation effects of scaling up infrastructure spending in South Africa," Development Southern Africa, Taylor & Francis Journals, vol. 33(2), pages 186-202, March.
    3. J. Mostert & J. Heerden, 2015. "A Computable General Equilibrium (CGE) Analysis of the Expenditure on Infrastructure in the Limpopo Economy in South Africa," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 21(2), pages 227-236, May.
    4. Léonce Ndikumana, 2005. "Distributional conflict, the state, and peace building in Burundi," UMASS Amherst Economics Working Papers 2005-13, University of Massachusetts Amherst, Department of Economics.
    5. J. Fourie, 2018. "Cliometrics in South Africa," Studies in Economics and Econometrics, Taylor & Francis Journals, vol. 42(2), pages 1-14, August.
    6. Dinkneh Gebre Borojo, 2015. "The Economy Wide Impact of Investment on Infrastructure for Electricity in Ethiopia: A Recursive Dynamic Computable General Equilibrium Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 5(4), pages 986-997.
    7. Bokang Mpeta & Johan Fourie & Kris Inwood, 2017. "Black living standards in South Africa before democracy: New evidence from heights," Working Papers 10/2017, Stellenbosch University, Department of Economics.
    8. Kunofiwa Tsaurai, 2017. "Foreign Direct Investment-Growth Nexus in Emerging Markets: does Human Capital Development Matter?," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(6), pages 174-189, DECEMBER.
    9. Broadberry, Stephen & Gardner, Leigh, 2014. "African economic growth in a European mirror: a historical perspective," Economic History Working Papers 56493, London School of Economics and Political Science, Department of Economic History.
    10. Kunofiwa Tsaurai, 2017. "Is foreign Portfolio Equity Investment Inspired Growth Hypothesis Relevant in Emerging Markets?," EuroEconomica, Danubius University of Galati, issue 2(36), pages 78-90, November.

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