07077oam 22015374 450 991078834950332120230721045625.01-4623-7091-81-4527-8539-297866128424741-4518-7172-41-282-84247-1(CKB)3170000000055176(EBL)1608131(SSID)ssj0000940731(PQKBManifestationID)11492014(PQKBTitleCode)TC0000940731(PQKBWorkID)10956076(PQKB)11497969(OCoLC)680614155(MiAaPQ)EBC1608131(IMF)WPIEE2009025(EXLCZ)99317000000005517620020129d2009 uf 0engurcn|||||||||txtccrWhy isn't South Africa Growing Faster? a Comparative Approach /Luc EyraudWashington, D.C. :International Monetary Fund,2009.1 online resource (25 p.)IMF Working PapersDescription based upon print version of record.1-4519-1608-6 Includes bibliographical references.CONTENTS; I. Introduction; II. Major Constraints on Growth in the Last Decade; A. First Decomposition: Demand Components of GDP; List of Figures; Figure 1. Contributions to GDP Growth; B. Productivity and Labor Input Characteristics; List of Tables; Table 1. Normalized Contributions of Demand Components to GDP Growth (percent); C. Capital, Labor, and Total Factor Productivity; Figure 2. Contributions to GDP Growth (1996-2006) (Percent); Table 2. Employment and Labor Force in South Africa and Comparators (average 1996- 2006) (Percent); Table 3. Results of the Third Decomposition (Percent)III. Investment Determinants in South Africa Compared with the Panel Table 4. Production-Function Decomposition in South Africa (Percent); Figure 3. Gross Capital Formation (Percent of GDP); Figure 4. Real Interest Rate (Percent); IV. Releasing the Saving Constraint on Investment and Growth; A. National Saving in South Africa; Table 5. Doing Business Indicators (2003-2006); Figure 5. National Saving in South Africa (Percent of GNDI); Figure 6. Public and Private Saving Rates (Percent of GNDI); Figure 7. Saving Rates by Institutional Sector (Percent of GNDI)B. An Accounting Decomposition of the Corporate Saving RateTable 6. Comparison of Saving-GNDI Ratios in South Africa and the Panel; C. Economic Determinants of Private Saving; Table 7. Average Long-term Contributions of the Explanatory Variables to the Private Saving Rate: Results for South Africa and the Panel and the Resulting Gap; Table 8. Average Long-term Contributions of the Explanatory Variables to the Decrease in the Private Saving Rate in South Africa; V. Conclusions and Policy Implications; AppendixTable 9. Results: Level and Variations of the Accounting Components of the Corporate Saving RateReferencesThe purpose of this paper is to examine factors that have constrained South Africa's growth since the end of apartheid by comparing its GDP components and its saving and investment performance with those of 10 faster-growing countries. The study finds that sluggish investment has undermined growth since 1996 and that the underinvestment is in part explained by limited saving. Thus, over the last decade, interactions between investment, saving, and production may have perpetuated slow growth in South Africa.IMF Working Papers; Working Paper ;No. 2009/025Economic developmentAfrica, SouthernEconomicsAfrica, SouthernBanks and BankingimfMacroeconomicsimfProduction and Operations ManagementimfMacroeconomics: ConsumptionimfSavingimfWealthimfInvestmentimfCapitalimfIntangible CapitalimfCapacityimfMacroeconomic Analyses of Economic DevelopmentimfMeasurement of Economic GrowthimfAggregate ProductivityimfCross-Country Output ConvergenceimfEconomywide Country Studies: AfricaimfComparative Studies of CountriesimfInterest Rates: Determination, Term Structure, and EffectsimfProductionimfCostimfCapital and Total Factor ProductivityimfLabor Economics: GeneralimfHuman CapitalimfSkillsimfOccupational ChoiceimfLabor ProductivityimfFinanceimfLabourimfincome economicsimfPrivate savingsimfReal interest ratesimfTotal factor productivityimfLaborimfLabor productivityimfNational accountsimfFinancial servicesimfSaving and investmentimfInterest ratesimfIndustrial productivityimfLabor economicsimfSouth AfricaimfEconomic developmentEconomicsBanks and BankingMacroeconomicsProduction and Operations ManagementMacroeconomics: ConsumptionSavingWealthInvestmentCapitalIntangible CapitalCapacityMacroeconomic Analyses of Economic DevelopmentMeasurement of Economic GrowthAggregate ProductivityCross-Country Output ConvergenceEconomywide Country Studies: AfricaComparative Studies of CountriesInterest Rates: Determination, Term Structure, and EffectsProductionCostCapital and Total Factor ProductivityLabor Economics: GeneralHuman CapitalSkillsOccupational ChoiceLabor ProductivityFinanceLabourincome economicsPrivate savingsReal interest ratesTotal factor productivityLaborLabor productivityNational accountsFinancial servicesSaving and investmentInterest ratesIndustrial productivityLabor economicsEyraud Luc1103642DcWaIMFBOOK9910788349503321Why isn't South Africa Growing Faster? a Comparative Approach3712974UNINA