Structural change in apartheid era South Africa:1975-93

Liu, Aying and Saal, David S. (2001). Structural change in apartheid era South Africa:1975-93. Economic Systems Research, 13 (3), pp. 235-257.

Abstract

This paper examines the sources of structural changes in output growth of South Africa's economy over 1975-93 using a decomposition method within the inputoutput (IO) framework for analysing output changes from a demand side perspective. It decomposes output growth into private consumption, government consumption, investment and export components and also measures the impact of import substitution and changes in intermediate input use (as indicated by changes in IO coefficients). It is found that, before 1981, overall output growth was multi-components driven with all the above components contributing positively to economic growth. However, the collapse of investment demand is by far the single largest factor contributing to the economic stagnation that categorizes the post-1981 period.

Publication DOI: https://doi.org/10.1080/09537320120070130
Divisions: Aston Business School > Economics finance & entrepreneurship
Aston Business School
Uncontrolled Keywords: output growth,structural change,decomposition,South Africa
Full Text Link: http://www.tandfonline.com/10.1080/09537320120070130
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Published Date: 2001
Authors: Liu, Aying
Saal, David S.

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