LEADER 07077oam 22015374 450 001 9910788349503321 005 20230721045625.0 010 $a1-4623-7091-8 010 $a1-4527-8539-2 010 $a9786612842474 010 $a1-4518-7172-4 010 $a1-282-84247-1 035 $a(CKB)3170000000055176 035 $a(EBL)1608131 035 $a(SSID)ssj0000940731 035 $a(PQKBManifestationID)11492014 035 $a(PQKBTitleCode)TC0000940731 035 $a(PQKBWorkID)10956076 035 $a(PQKB)11497969 035 $a(OCoLC)680614155 035 $a(MiAaPQ)EBC1608131 035 $a(IMF)WPIEE2009025 035 $a(EXLCZ)993170000000055176 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aWhy isn't South Africa Growing Faster? a Comparative Approach /$fLuc Eyraud 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (25 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1608-6 320 $aIncludes bibliographical references. 327 $aCONTENTS; 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) 327 $aIII. 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) 327 $aB. 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; Appendix 327 $aTable 9. Results: Level and Variations of the Accounting Components of the Corporate Saving RateReferences 330 3 $aThe purpose of this paper is to examine factors that have constrained South Africa's growth since the end of apartheid by comparing its GDP components and its saving and investment performance with those of 10 faster-growing countries. The study finds that sluggish investment has undermined growth since 1996 and that the underinvestment is in part explained by limited saving. Thus, over the last decade, interactions between investment, saving, and production may have perpetuated slow growth in South Africa. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/025 606 $aEconomic development$zAfrica, Southern 606 $aEconomics$zAfrica, Southern 606 $aBanks and Banking$2imf 606 $aMacroeconomics$2imf 606 $aProduction and Operations Management$2imf 606 $aMacroeconomics: Consumption$2imf 606 $aSaving$2imf 606 $aWealth$2imf 606 $aInvestment$2imf 606 $aCapital$2imf 606 $aIntangible Capital$2imf 606 $aCapacity$2imf 606 $aMacroeconomic Analyses of Economic Development$2imf 606 $aMeasurement of Economic Growth$2imf 606 $aAggregate Productivity$2imf 606 $aCross-Country Output Convergence$2imf 606 $aEconomywide Country Studies: Africa$2imf 606 $aComparative Studies of Countries$2imf 606 $aInterest Rates: Determination, Term Structure, and Effects$2imf 606 $aProduction$2imf 606 $aCost$2imf 606 $aCapital and Total Factor Productivity$2imf 606 $aLabor Economics: General$2imf 606 $aHuman Capital$2imf 606 $aSkills$2imf 606 $aOccupational Choice$2imf 606 $aLabor Productivity$2imf 606 $aFinance$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aPrivate savings$2imf 606 $aReal interest rates$2imf 606 $aTotal factor productivity$2imf 606 $aLabor$2imf 606 $aLabor productivity$2imf 606 $aNational accounts$2imf 606 $aFinancial services$2imf 606 $aSaving and investment$2imf 606 $aInterest rates$2imf 606 $aIndustrial productivity$2imf 606 $aLabor economics$2imf 607 $aSouth Africa$2imf 615 0$aEconomic development 615 0$aEconomics 615 7$aBanks and Banking 615 7$aMacroeconomics 615 7$aProduction and Operations Management 615 7$aMacroeconomics: Consumption 615 7$aSaving 615 7$aWealth 615 7$aInvestment 615 7$aCapital 615 7$aIntangible Capital 615 7$aCapacity 615 7$aMacroeconomic Analyses of Economic Development 615 7$aMeasurement of Economic Growth 615 7$aAggregate Productivity 615 7$aCross-Country Output Convergence 615 7$aEconomywide Country Studies: Africa 615 7$aComparative Studies of Countries 615 7$aInterest Rates: Determination, Term Structure, and Effects 615 7$aProduction 615 7$aCost 615 7$aCapital and Total Factor Productivity 615 7$aLabor Economics: General 615 7$aHuman Capital 615 7$aSkills 615 7$aOccupational Choice 615 7$aLabor Productivity 615 7$aFinance 615 7$aLabour 615 7$aincome economics 615 7$aPrivate savings 615 7$aReal interest rates 615 7$aTotal factor productivity 615 7$aLabor 615 7$aLabor productivity 615 7$aNational accounts 615 7$aFinancial services 615 7$aSaving and investment 615 7$aInterest rates 615 7$aIndustrial productivity 615 7$aLabor economics 700 $aEyraud$b Luc$01103642 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788349503321 996 $aWhy isn't South Africa Growing Faster? a Comparative Approach$93712974 997 $aUNINA