- Title
- Investigating the determinants of economics growth in South Africa
- Creator
- Dudumashe, Nomsindisi
- Description
- Economic growth is regarded as one of the prime macroeconomic objectives of any economy. The study aimed to investigate the determinants of economic growth in South Africa for the period 1994 to 2021 using yearly data obtained from World Bank and IMF. The analysis of all the variables has been provided to show the relationship that the variables have with economic growth in the South African economy. The independent variables used were capital stock, financial development, employment and inflation. In achieving this aim, an Autoregressive Distributive Lag (ARDL) was used since it examines both the short-term and the long-term dynamics of the determinants of economic growth. In addition, Granger causality was used to determine whether the explored variables were causally related to one another. In the long run, the results point out that financial development was significant at 5%, while capital stock and employment were significant at 10%. In the short run, all variables were significant at 1%. The study recommends employment stimulation, investment in capital stock and financial development in order to boost economic growth.
- Description
- Thesis (Masters) -- Faculty of Economics and Financial Sciences, 2023
- Date
- 2023-00
- Subject
- Economic growth determinants in South Africa
- Type
- Masters theses, text
- Identifier
- http://hdl.handle.net/11260/9986
- Identifier
- vital:74931
- Format
- computer, online resource, application/pdf, 1 online resource (112 pages), pdf
- Publisher
- Walter Sisulu University, Faculty of Economics and Financial Sciences
- Language
- English
- Rights
- Faculty of Commerce and Administration, All Rights Reserved, Open Access
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- Visitors: 70
- Downloads: 7
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details | SOURCE1 | DUDUMASHE, N FINAL 2024.pdf | 2 MB | Adobe Acrobat PDF | View Details |