South Africa's Exports Performance : Any Role for Structural Factors? /

Despite a substantial and prolonged exchange rate depreciation, South Africa's export performance has disappointed since the global financial crisis. In this paper we focus on the role of structural factors in reducing the responsiveness of South African exports to the real exchange rate deprec...

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Bibliografski detalji
Glavni autor: Anand, Rahul
Daljnji autori: Perrelli, Roberto, Zhang, Boyang
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2016.
Serija:IMF Working Papers; Working Paper ; No. 2016/024
Online pristup:Full text available on IMF
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245 1 0 |a South Africa's Exports Performance :   |b Any Role for Structural Factors? /  |c Rahul Anand, Roberto Perrelli, Boyang Zhang. 
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300 |a 1 online resource (16 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a Despite a substantial and prolonged exchange rate depreciation, South Africa's export performance has disappointed since the global financial crisis. In this paper we focus on the role of structural factors in reducing the responsiveness of South African exports to the real exchange rate depreciation. To this end, we construct a unique database of export performance at the firm level. Our analysis suggests that electricity bottlenecks, limited product market competition, and labor market constraints have reduced the responsiveness of firms' exports to the rand depreciation. On the other hand, a firm's ability to diversify its exports has helped it benefit more from currency movements. 
538 |a Mode of access: Internet 
700 1 |a Perrelli, Roberto. 
700 1 |a Zhang, Boyang. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2016/024 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2016/024/001.2016.issue-024-en.xml  |z IMF e-Library