Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
South Africas Exports Performance
Download South Africas Exports Performance full books in PDF, epub, and Kindle. Read online South Africas Exports Performance ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis South Africa’s Exports Performance by : Rahul Anand
Download or read book South Africa’s Exports Performance written by Rahul Anand and published by International Monetary Fund. This book was released on 2016-02-12 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite a substantial and prolonged exchange rate depreciation, South Africa’s export performance has disappointed since the global financial crisis. In this paper we focus on the role of structural factors in reducing the responsiveness of South African exports to the real exchange rate depreciation. To this end, we construct a unique database of export performance at the firm level. Our analysis suggests that electricity bottlenecks, limited product market competition, and labor market constraints have reduced the responsiveness of firms’ exports to the rand depreciation. On the other hand, a firm’s ability to diversify its exports has helped it benefit more from currency movements.
Book Synopsis South Africa's Exports Performance by : Rahul Anand
Download or read book South Africa's Exports Performance written by Rahul Anand and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Consequences of Policy Uncertainty by : Sandile Hlatshwayo
Download or read book The Consequences of Policy Uncertainty written by Sandile Hlatshwayo and published by International Monetary Fund. This book was released on 2016-06-09 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the link between the real effective exchange rate (REER) and exports in South Africa has weakened. While exports still rise in response to REER depreciations, the REER-export elasticity is below historical estimates. The literature has put forward a number of possible explanations, from multi-national supply-chains to muted exchange rate pass-through. This research explores the role of policy uncertainty in reducing the responsiveness of exports to relative price changes. We construct a novel “news chatter” measure of policy uncertainty and examine how it, paired with other supply-side constraints, can improve our understanding of export performance. We find that increased policy uncertainty diminishes the responsiveness of exports to the REER and has short and long-run level effects on export performance. Finally, we show that a measure of competitiveness that adjusts for uncertainty and supply-side constraints greatly outperforms the REER in tracking exports performance.
Book Synopsis The Consequences of Policy Uncertainty by : Sandile Hlatshwayo
Download or read book The Consequences of Policy Uncertainty written by Sandile Hlatshwayo and published by . This book was released on 2016 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the link between the real effective exchange rate (REER) and exports inSouth Africa has weakened. While exports still rise in response to REER depreciations, the REER-export elasticity is below historical estimates. The literature has put forward a number of possible explanations, from multi-national supply-chains to muted exchange rate pass-through.This research explores the role of policy uncertainty in reducing the responsiveness of exports to relative price changes. We construct a novel 'news chatter' measure of policy uncertainty and examine how it, paired with other supply-side constraints, can improve our understanding of export performance. We find that increased policy uncertainty diminishes the responsiveness of exports to the REER and has short and long-run level effects on export performance. Finally, we show that a measure of competitiveness that adjusts for uncertainty and supply-side constraints greatly outperforms the REER in tracking exports performance.
Download or read book Trade for Growth written by and published by . This book was released on 1997 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Comparative Analysis of the Determinants of South Africa's Export Performance in Selected SADC Countries by :
Download or read book A Comparative Analysis of the Determinants of South Africa's Export Performance in Selected SADC Countries written by and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis South Africa’s Exports Performance by : Rahul Anand
Download or read book South Africa’s Exports Performance written by Rahul Anand and published by International Monetary Fund. This book was released on 2016-02-12 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite a substantial and prolonged exchange rate depreciation, South Africa’s export performance has disappointed since the global financial crisis. In this paper we focus on the role of structural factors in reducing the responsiveness of South African exports to the real exchange rate depreciation. To this end, we construct a unique database of export performance at the firm level. Our analysis suggests that electricity bottlenecks, limited product market competition, and labor market constraints have reduced the responsiveness of firms’ exports to the rand depreciation. On the other hand, a firm’s ability to diversify its exports has helped it benefit more from currency movements.
Book Synopsis Exchange Rates and Firm Export Performance in South Africa by : Lawrence Edwards
Download or read book Exchange Rates and Firm Export Performance in South Africa written by Lawrence Edwards and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses detailed firm transaction data on manufactured exports to analyse the dilution of the real exchange rate-export relationship in South Africa over the period 2010 to 2014. Our empirical results show that firms that are larger, have higher export shares in destination markets, and import are more likely to raise the domestic currency price of their exports in response to a depreciation, and consequently display weaker export quantity responses. The exchange rate responsiveness is also weaker for exporters of resource-based manufactured products and those that export outside Africa. South African manufactured exports are highly concentrated among a few large firms that rely heavily on imported intermediate inputs and predominantly export resource-based products. Consequently, these results provide an explanation for the low aggregate export response to the sustained depreciation over the period 2010 to 2014.
Book Synopsis Importing and Firm Export Performance by : Lawrence Edwards
Download or read book Importing and Firm Export Performance written by Lawrence Edwards and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article uses firm-level data from company income tax and customs declarations from South Africa to analyse the complementary relationship between direct access to imported intermediate inputs and firm exports in the manufacturing industry. There are two main findings. The first is on firm heterogeneity, showing that firms that import and export consistently demonstrate premiums in terms of productivity, employment, wages and capital intensity in production compared to firms that do not trade, or only export or import. The second supports the hypothesis that importing raises exports, especially if inputs are sourced from advanced economies. Full paper available at https://doi.org/10.1111/saje.12154.
Book Synopsis South African Trade Policy Matters by : Lawrence Edwards
Download or read book South African Trade Policy Matters written by Lawrence Edwards and published by . This book was released on 2006 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: South African trade policy has exerted a major influence on the composition and aggregate growth of trade. In the Apartheid period, trade protection seriously impeded both exports and imports, and the economy depended on favorable global commodity price trends to avoid running into an external constraint. South Africa developed a comparative advantage in capital-intensive primary and manufactured commodities partly because of its natural resource endowments but also because the pattern of protection was particularly detrimental to exports of non-commodity manufactured goods. High and opaque tariffs seriously impeded export growth. When global commodity markets were weak, in combination with declining gold exports, this seriously constrained aggregate growth and dulled the response of exports to the weaker rand in the late 1980s. On the other hand, surcharges were effective in reducing imports. By contrast, trade liberalization in the 1990s not only increased imports but, by reducing both input costs and the relative profitability of domestic sales, also boosted exports. The growth in non-commodity manufactured sectoral exports as a result of liberalization was actually faster than sectoral imports. This evidence suggests that additional trade liberalization could well be part of the strategy to enhance export diversification. It points to the importance of policies that afford South African firms with access to inputs at world prices as well as a competitive real exchange rate.
Book Synopsis South Africa by : International Monetary Fund. African Dept.
Download or read book South Africa written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-12-11 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper estimates the potential growth rate for South Africa using different methodologies. In line with existing studies and findings for other emerging markets, the paper finds that South Africa’s potential growth rate has declined in the post global financial crisis period. Though there is substantial uncertainty, South Africa’s potential growth is estimated to have fallen from an average of 3.5 to 4 percent during 2000–08 to 2.25 to 2.50 percent in 2010–14, implying that the output gap in 2014 would be between –0.5 and –1.3 percent of GDP.
Book Synopsis Prices Endownments, and Transaction Costs by : Philip Alves
Download or read book Prices Endownments, and Transaction Costs written by Philip Alves and published by . This book was released on 2006 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Africa agriculture trade monitor 2020 by : Bouët, Antoine, ed.
Download or read book Africa agriculture trade monitor 2020 written by Bouët, Antoine, ed. and published by Intl Food Policy Res Inst. This book was released on 2020-10-05 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2020 Africa Agriculture Trade Monitor, the third in this series of flagship reports, presents an overview of trade in agriculture products in Africa and highlights the main impediments that affect intra- and extra-African trade. This year’s report includes chapters focusing on intra-Africa trade integration for agricultural products, including the role of nontariff measures, and on the competitiveness of African value chains that are crucial for food security (cereals, sugar, vegetable oils). The importance and measurement of informal cross-border trade for agricultural products is also examined. The final chapter looks at regional integration experiences in Southern Africa, with a focus on the Southern Africa Development Community. The report offers policy recommendations for improving agricultural exports performance, especially in the context of the unprecedented uncertainty the world is facing with the COVID-19 pandemic.
Book Synopsis Can Africa Export Manufactures? by : Ibrahim Elbadawi
Download or read book Can Africa Export Manufactures? written by Ibrahim Elbadawi and published by World Bank Publications. This book was released on 1999 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: May 1999 - Africa's poor performance in manufactured exports in the 1990s (relative to East Asia) appears to be largely the result of bad policies-especially policies that affect transaction costs. Elbadawi analyzes the determinants of manufactured exports in Africa and other developing countries, guided by three pivotal views on Sub-Saharan Africa's (Africa's) prospects in manufactured exports: Adrian Woods holds that Africa cannot have comparative advantage in exports of labor-intensive manufactures (even if broadly defined to include raw material processing) because its natural resources endowment is greater than its human resources endowment (endowment thesis); Paul Collier argues that, for most of Africa, unusually high (policy-induced) transaction costs are the main source of Africa's comparative disadvantage in manufactured exports (transaction thesis); A third approach (Elbadawi and Helleiner) emphasizes the importance of stable, competitive real exchange rates for profitability of exports in low-income countries (exchange rate-led strategy). Elbadawi tests the implications of these three views with an empirical model of manufactured export performance (manufactured exports' share of GDP), using a panel of 41 countries for 1980-95. His findings: Corroborate the predictions of the transaction thesis, in that transaction costs are major determinants of manufactures exports. Investing in reducing these costs generates the highest payoff for export capacity; Lend support for the exchange rate-led strategy. After controlling for other factors, ratios of natural resources per worker were not robustly associated with export performance across countries, but this cannot be taken as formal rejection of the endowment thesis - unless one is prepared to assume that manufactured exports' share of GDP was highly correlated with ratios of manufactured to aggregate (or primary) exports. But this is not unlikely. This paper-a product of Public Economics, Development Research Group-is part of a larger effort in the group to research manufactures exports' competitiveness. The author may be contacted at [email protected].
Book Synopsis The Role of Exports in South Africa's Economic Development, 1961-1976 by : W. N. Meyer
Download or read book The Role of Exports in South Africa's Economic Development, 1961-1976 written by W. N. Meyer and published by . This book was released on 1979 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis South Africa and the Global Commodity Chain for Clothing by : Peter Gibbon
Download or read book South Africa and the Global Commodity Chain for Clothing written by Peter Gibbon and published by . This book was released on 2002 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impact of Export Tax Incentives on Export Performance by : Dorsati H. Madani
Download or read book The Impact of Export Tax Incentives on Export Performance written by Dorsati H. Madani and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
