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Sources of output growth in the countries of the Common Monetary Area and provinces of South Africa

Author

Listed:
  • Dukhabandhu Sahoo
  • Auro Kumar Sahoo
  • Jayanti Behera
  • Diptimayee Mishra
  • Phendulwa Zikhona Makunga

Abstract

This paper aims to decompose the sources of growth in economies in the Southern African region's Common Monetary Area and in the provinces of South Africa. Decomposition results for the Common Monetary Area reveal that the growth of aggregate and sectoral gross domestic product is driven by input, without increasing efficiency in production or benefiting from technological progress, which is unsustainable. Negative technical change implies that countries are unable to reap the benefits from shifts in technology.

Suggested Citation

  • Dukhabandhu Sahoo & Auro Kumar Sahoo & Jayanti Behera & Diptimayee Mishra & Phendulwa Zikhona Makunga, 2021. "Sources of output growth in the countries of the Common Monetary Area and provinces of South Africa," WIDER Working Paper Series wp-2021-31, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2021-31
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    References listed on IDEAS

    as
    1. Saten Kumar & Gail Pacheco & Stephanié Rossouw, 2010. "How to Increase the Growth Rate in South Africa?," EERI Research Paper Series EERI_RP_2010_31, Economics and Econometrics Research Institute (EERI), Brussels.
    2. Olu Ajakaiye & Afeikhena T. Jerome & David Nabena & Olufunke A. Alaba, 2015. "Understanding the relationship between growth and employment in Nigeria," WIDER Working Paper Series wp-2015-124, World Institute for Development Economic Research (UNU-WIDER).
    3. Olu Ajakaiye & Afeikhena T. Jerome & David Nabena & Olufunke A. Alaba, 2015. "Understanding the relationship between growth and employment in Nigeria," WIDER Working Paper Series 124, World Institute for Development Economic Research (UNU-WIDER).
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    More about this item

    Keywords

    Growth; Efficiency; Technology; Southern Africa; Decomposition;
    All these keywords.

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