- Title
- The relationship between trade opennes and government size in South Africa
- Creator
- Mnyantore, Mukiza Brian
- Subject
- Commerce and administration
- Date Issued
- 2023-00
- Date
- 2023-00
- Type
- Masters theses
- Type
- text
- Identifier
- http://hdl.handle.net/11260/10130
- Identifier
- vital:74940
- Description
- The relationship between trade openness and government size has drawn interest in the domains of public policy and economics. To add to this discourse, the current study conducts an empirical analysis using annual data covering the years 1994 to 2020, focusing on South Africa as the case study. By analysing the complex dynamics between trade openness and government size, this study aims to offer an insightful analysis of the economic landscape and shed light on the implications for government policies. An autoregressive distributed lag (ARDL) model was utilized in the study, allowing for a thorough analysis of the short- and long-run relationship between trade openness and government size. The empirical findings indicate a substantial positive relationship between trade openness and government size. Moreover, the Granger causality demonstrates that trade openness and government size in South Africa have a unidirectional causal relationship, which further solidifies this relationship, aligning with theoretical literature's compensation hypothesis. Based on the findings indicating a substantial and positive relationship between trade openness and government size, as well as the Granger causality research supporting the compensation hypothesis, certain policy implications emerge. To optimize economic outcomes in South Africa, policy-makers could focus on implementing trade liberalization policies to reduce barriers and promote free trade agreements, facilitating economic integration and access to new markets. Additionally, attention to prudent public expenditure management becomes crucial, ensuring that increased government size is accompanied by efficient allocation of resources to foster economic growth and development.
- Description
- Thesis (Masters) -- Faculty of Economics and Financial Sciences, 2023
- Format
- computer
- Format
- online resource
- Format
- application/pdf
- Format
- 1 online resource (83 pages)
- Format
- Publisher
- Walter Sisulu University
- Publisher
- Faculty of Economics and Financial Science
- Language
- English
- Rights
- Faculty of Economic and Financial Sciences
- Rights
- All Rights Reserved
- Rights
- Open Access
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Munyantore Mukiza Brian Trade openness and Government size Final Submision.pdf | 1 MB | Adobe Acrobat PDF | View Details Download |