Potential Output and total Factor Productivity Growth in Post-Apartheid South Africa /

This paper provides estimates of potential output growth in post-apartheid South Africa using both time trend techniques and a production function approach which indicates a potential growth rate of around 3 percent. The implied output gap provides statistically significant information for predictin...

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Bibliografische gegevens
Hoofdauteur: Arora, Vivek
Andere auteurs: Bhundia, Ashok
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2003.
Reeks:IMF Working Papers; Working Paper ; No. 2003/178
Online toegang:Full text available on IMF
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245 1 0 |a Potential Output and total Factor Productivity Growth in Post-Apartheid South Africa /  |c Vivek Arora, Ashok Bhundia. 
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300 |a 1 online resource (21 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper provides estimates of potential output growth in post-apartheid South Africa using both time trend techniques and a production function approach which indicates a potential growth rate of around 3 percent. The implied output gap provides statistically significant information for predicting inflation and could thus provide valuable input for formulating macroeconomic policy. Growth accounting and regression analysis suggest that an increase in trend GDP growth after the end of apartheid in 1994 is attributable to higher TFP growth driven by trade liberalization and greater private sector participation. 
538 |a Mode of access: Internet 
700 1 |a Bhundia, Ashok. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2003/178 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2003/178/001.2003.issue-178-en.xml  |z IMF e-Library