- Title
- The impact of export commodity prices on emerging markets economic growth: a case of South Africa’s mineral exports.
- Creator
- Moodley, Shiven
- Subject
- Economic development
- Date Issued
- 2021-09
- Date
- 2021-09
- Type
- Master's/ theses
- Type
- text
- Identifier
- http://hdl.handle.net/10353/20462
- Identifier
- vital:45668
- Description
- Despite South Africa being a mineral resource-rich country, it has experienced low economic growth post-democracy era. The available literature suggests that fluctuations in global demand for commodities have harmed the production process of tradeable and non-tradable goods. Based on this, this dissertation examines the impact of export commodity price on GDP per capita in South Africa using quarterly data beginning from Q2 (April-June) 1990 to Q4 (Oct-Dec) 2018. The Johansen co-integration technique and the Vector Error Correction Method (VECM) were utilised to examine both the long and short-run relationships between the variables of interest. The outcome of the examination has revealed that export commodity price and government expenditure have a positive relationship with GDP per capita in the long run. However, net capital flows have a negative effect on GDP per capita in South Africa. In the short run, the empirical results also reveal that both net capital flows and government expenditure are negatively related to GDP per capita. Furthermore, policy action should be directed towards structural investment for the development of sustainable infrastructure projects within the commodity export sector based on the long-run relationship between commodity export prices and GDP per capita.
- Description
- Thesis (MCom) (Economics) -- University of Fort Hare, 2021
- Format
- computer
- Format
- online resource
- Format
- application/pdf
- Format
- 1 online resource (107 pages)
- Format
- Publisher
- University
- Publisher
- Faculty of Management and Commerce
- Language
- English
- Rights
- University of Fort Hare
- Rights
- All Rights Reserved
- Rights
- Open Access
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Moodley_201311688_Economics.pdf | 1 MB | Adobe Acrobat PDF | View Details Download |