Stages of growth in the South African economy: The role of agriculture
South African Journal of Economic and Management Sciences
| Field | Value | |
| Title | Stages of growth in the South African economy: The role of agriculture | |
| Creator | Townsend, R. F. van Zyl, J. | |
| Description | This paper identifies the stages of growth in the South African economy with particular reference to agriculture. Simple a-matrix causality tests are used to determine the direction of causality between the gross sectoral products of the economy and the gross agricultural product. The percentage share of the agricultural industry in the South African economy is relatively small and continues to decline as the economy grows. However, there has been a greater integration of agriculture within the economy during the 1990s as a result of the liberalisation of many aspects of the economy. Agriculture may have played a passive role in the economy, but has provided foreign exchange revenue from net exports to facilitate growth in other sectors of the economy. In a more decontrolled environment, the agricultural sector will become increasingly susceptible to the changes in the macroeconomy, particularly the exchange rate. | |
| Publisher | AOSIS Publishing | |
| Date | 1998-06-30 | |
| Identifier | 10.4102/sajems.v1i2.1876 | |
| Source | South African Journal of Economic and Management Sciences; Vol 1, No 2 (1998); 204-218 2222-3436 1015-8812 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/1876/750
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