Back to Search
Start Over
Economic growth, trade and capital flows: A causal analysis of post-liberalised South Africa.
- Source :
- Journal of International Trade & Economic Development; Sep2014, Vol. 23 Issue 6, p815-836, 22p
- Publication Year :
- 2014
-
Abstract
- Development Finance and EconometricsThis paper investigates the causal relationships between trade, capital inflows and economic growth in post-liberalised South Africa over the period from 1995 to 2011. The results show that economic growth in South Africa is driven primarily by trade and fixed investment rather than by capital inflows. However, the relationship between economic growth and imports is bidirectional, and thus economic growth in South Africa is associated to a greater extent with the export-led growth hypothesis than the import-led growth hypothesis. In addition, the results find in favour of growth-led FDI rather than FDI-led growth, and that portfolio inflows rather than FDI are integrated into the country's trade-led growth dynamics. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09638199
- Volume :
- 23
- Issue :
- 6
- Database :
- Complementary Index
- Journal :
- Journal of International Trade & Economic Development
- Publication Type :
- Academic Journal
- Accession number :
- 97015918
- Full Text :
- https://doi.org/10.1080/09638199.2013.786118