Post-Apartheid South Africa: The First Ten Years, Page 857This book provides a comprehensive review of recent economic developments in South Africa and the structural and policy challenges facing the authorities. Individual papers examine a range of topics such as unemployment and the labor market, recent trends in the private saving rate, the role of foreign direct investment in the development of South Africa’s economy, the human and economic repercussions of the HIV/AIDS epidemic, the role of fiscal policy in economic stabilization, inflation developments, liberalization of trade and capital transactions, exchange rate developments, and lessons from the rand crises of 1998 and 2001. |
Contents
III | 1 |
IV | 11 |
V | 13 |
VI | 23 |
VII | 48 |
VIII | 64 |
IX | 77 |
X | 79 |
XII | 133 |
XIII | 142 |
XIV | 156 |
XV | 174 |
XVI | 187 |
XVII | 189 |
XVIII | 211 |
XI | 113 |
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Post-Apartheid South Africa: The First Ten Years Mr. M. Nowak,Mr. Luca Antonio Ricci No preview available - 2006 |
Common terms and phrases
African Reserve Bank apartheid author's calculations average bonds budget capital Chapter cointegrating commodity prices components costs countries CPIX crisis currency decline deficit depreciation Development deviations Discretionary Fiscal Policy domestic economic effective exchange rate emerging market equilibrium estimates expenditures exports external factors Figure fiscal adjustment fiscal balance fiscal policy foreign exchange foreign exchange market forward book GDP growth growth rate higher HIV/AIDS IMF staff impact improved income increase indicators International Monetary Fund investment Jonsson KwaZulu-Natal labor force long-run long-term lower macroeconomic measures monetary policy National NOFP output gap percent of GDP percentage points potential output primary balance private saving proxy rand ratio real effective exchange real exchange rate real GDP real interest rate reduce revenue SARB Second episode sector shocks significant skills Sources South Africa South African Reserve Statistics South Africa TFP growth tion U.S. dollars unemployment rate Union variables volatility wage