Potential Output and total Factor Productivity Growth in Post-Apartheid South Africa
This paper provides estimates of potential output growth in post-apartheid South Africa using both time trend techniques and a production function approach which indicates a potential growth rate of around 3 percent. The implied output gap provides statistically significant information for predicting inflation and could thus provide valuable input for formulating macroeconomic policy. Growth accounting and regression analysis suggest that an increase in trend GDP growth after the end of apartheid in 1994 is attributable to higher TFP growth driven by trade liberalization and greater private sector participation.
|Date of creation:||01 Sep 2003|
|Date of revision:|
|Contact details of provider:|| Postal: International Monetary Fund, Washington, DC USA|
Phone: (202) 623-7000
Fax: (202) 623-4661
Web page: http://www.imf.org/external/pubind.htm
More information through EDIRC
|Order Information:||Web: http://www.imf.org/external/pubs/pubs/ord_info.htm|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- P.D.F. Strydom, 1995. "International Trade and Economic Growth: The Opening-up of the South African Economy," South African Journal of Economics, Economic Society of South Africa, vol. 63(4), pages 306-316, December.
- Olivier Jean Blanchard & Danny Quah, 1988.
"The Dynamic Effects of Aggregate Demand and Supply Disturbance,"
497, Massachusetts Institute of Technology (MIT), Department of Economics.
- Blanchard, Olivier Jean & Quah, Danny, 1989. "The Dynamic Effects of Aggregate Demand and Supply Disturbances," American Economic Review, American Economic Association, vol. 79(4), pages 655-73, September.
- Olivier Jean Blanchard & Danny Quah, 1988. "The Dynamic Effects of Aggregate Demand and Supply Disturbances," NBER Working Papers 2737, National Bureau of Economic Research, Inc.
- By Gunnar Jonsson & Arvind Subramanian, 2001.
"Dynamic Gains from Trade: Evidence from South Africa,"
IMF Staff Papers,
Palgrave Macmillan, vol. 48(1), pages 8.
- Arvind Subramanian & Gunnar Jonsson, 2000. "Dynamic Gains From Trade; Evidence From South Africa," IMF Working Papers 00/45, International Monetary Fund.
- Coe, David T & Helpman, Elhanan & Hoffmaister, Alexander W, 1997.
"North-South R&D Spillovers,"
Royal Economic Society, vol. 107(440), pages 134-49, January.
- Coe, David T & Helpman, Elhanan & Hoffmaister, Alexander, 1995. "North-South R&D Spillovers," CEPR Discussion Papers 1133, C.E.P.R. Discussion Papers.
- David T. Coe & Elhanan Helpman & Alexander Hoffmaister, 1995. "North-South R&D Spillovers," NBER Working Papers 5048, National Bureau of Economic Research, Inc.
- Chantal Dupasquier & Alain Guay & Pierre St-Amant, 1997. "A Comparison of Alternative Methodologies for Estimating Potential Output and the Output Gap," Staff Working Papers 97-5, Bank of Canada.
- Luis A. Rivera-Batiz & Paul M. Romer, 1990.
"Economic Integration and Endogenous Growth,"
NBER Working Papers
3528, National Bureau of Economic Research, Inc.
- Bankim Chadha, 1995. "Disequilibrium in the Labor Market in South Africa," IMF Staff Papers, Palgrave Macmillan, vol. 42(3), pages 642-669, September.
- Patrick Minford, 1997. "Growth, Employment and Economic Reform Lessons for South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 65(4), pages 202-213, December.
- G.L. Wet, 1995. "The Prognosis for Growth and Development in South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 63(4), pages 263-270, December.
When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:03/178. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow)or (Hassan Zaidi)
If references are entirely missing, you can add them using this form.