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| Author: | Hausman, R. Klinger, B. |
| Title: | South Africa's export predicament |
| Journal: | Economics of transition
2008 : VOL. 16:4, p. 609-637 |
| Index terms: | south africa exports economic growth |
| Freeterms: | structural transformation |
| Language: | eng |
| Abstract: | This paper examines how the structure of production affects export diversification and economic growth using South Africa as an example. It is revealed that lagging process of structural transformation is part of the explanation for stagnant exports per capita in South Africa over the past 40 years. It is shown that the slow structural transformation is a consequence in part of the peripheral nature of South Africa's productive capabilities. The country is specialized in sectors intensive in highly specific factors of production that cannot be easily redeployed to other activities. This paper examines the sectoral priorities of the South African Department of Trade and Industry and explores the policy implications of the country's orientation in the product space. |
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