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Economic growth in South Africa since 1994

Author

Listed:
  • Stan du Plessis

    (Department of Economics, Stellenbosch University)

  • Ben Smit

    (Bureau of Economic Research, Stellenbosch University)

Abstract

South Africa's democratic transition in 1994 created expectations of a dramatic turnaround in the economic performance. Trade and financial sanctions and internal political opposition to the apartheid government had contributed to the poorest ten-year growth performance (1984 - 1993) since the Second World War and the removal of these constraints was widely expected to transform the country's economic performance. This paper measures the realised performance of the economy over this decade along a number of dimensions, including: economic growth, its constituent parts and proximate causes and economic stability.

Suggested Citation

  • Stan du Plessis & Ben Smit, 2006. "Economic growth in South Africa since 1994," Working Papers 01/2006, Stellenbosch University, Department of Economics.
    • Handle: RePEc:sza:wpaper:wpapers15
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    File URL: https://www.ekon.sun.ac.za/wpapers/2006/wp012006/wp-01-2006.pdf
    File Function: First version, 2006
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    Citations

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    Cited by:

    1. Francois J. Stofberg & Jan H. van Heerden & Heinrich R. Bohlmann, 2020. "A Fiscus for Better Economic and Social Development in South Africa," Working Papers 202072, University of Pretoria, Department of Economics.
    2. Rodrick, Dani, 2006. "Understanding South Africa's Economic Puzzles," Working Paper Series rwp06-039, Harvard University, John F. Kennedy School of Government.
    3. Oluwafemi Oni & Andrew Swanson & Rudiren Pillay Carpanen & Anuoluwapo Aluko, 2022. "Implementation of a Multiterminal Line Commutated Converter HVDC Scheme with Auxiliary Controller on South Africa’s 765 kV Corridor," Energies, MDPI, vol. 15(12), pages 1-17, June.
    4. Dani Rodrik, 2008. "Understanding South Africa's economic puzzles," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 16(4), pages 769-797, October.
    5. Jeffrey Frankel & Ben Smit & Federico Sturzenegger, 2006. "South Africa: Macroeconomic Challenges after a Decade of Success," CID Working Papers 133, Center for International Development at Harvard University.
    6. Molefi Solomon Mohautse, 2014. "The Economic and Political Ramifications of Inequality in Post-Apartheid South Africa," Journal of Economics and Behavioral Studies, AMH International, vol. 6(9), pages 690-699.
    7. Gerald Epstein, 2008. "An employment targeting framework for central bank policy in South Africa," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(2), pages 243-258.
    8. David Fadiran & Hammed Amusa, 2019. "The J–Curve Phenomenon: Evidence from Commodity Trade Between South Africa and the United States," Working Papers 777, Economic Research Southern Africa.
    9. Fofana, Ismaél & Chitiga, Margaret & Mabugu, Ramos, 2009. "Oil prices and the South African economy: A macro-meso-micro analysis," Energy Policy, Elsevier, vol. 37(12), pages 5509-5518, December.
    10. Michael Takudzwa Pasara & Rufaro Garidzirai, 2020. "Causality Effects among Gross Capital Formation, Unemployment and Economic Growth in South Africa," Economies, MDPI, vol. 8(2), pages 1-12, April.
    11. Dave Liu, 2007. "Growth Theory and Application: The Case of South Africa," Working Papers 200714, University of Pretoria, Department of Economics.
    12. Dikeledi Semenya & Kanayo Ogujiuba, 2024. "Evaluating the Effectiveness of Investment in Boosting South Africa’s Economic Growth: A Comparative Analysis across Different Administrations," Administrative Sciences, MDPI, vol. 14(8), pages 1-20, August.
    13. Stofberg, F.J. & van Heerden, J.H. & Horridge, M. & Roos, L., 2022. "A fiscus for better economic and social development in South Africa," Conference papers 333392, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

    More about this item

    Keywords

    economic growth; South Africa; 1994;
    All these keywords.

    JEL classification:

    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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