An analysis of fixed capital formation in South Africa since 1994

Journal of Economic and Financial Sciences

 
 
Field Value
 
Title An analysis of fixed capital formation in South Africa since 1994
 
Creator Chetty, Sivan
 
Subject fixed capital formation; uncertainty; expectations; certainty equivalent; expected present value of investments; risk-adjusted present value; coefficient of uncertainty; investment climate; period of high and sustained uncertainty; cautious optimism
Description Fixed capital formation (investment) is an important but generally volatile component of aggregate spending. It is important in that it adds to the productive capacity of an economy. It is value-adding in the sense that it contributes to the growth potential of an economy, but it tends to be volatile as it entails substantial capital commitments based on uncertain expectations. The article undertakes a comparative analysis of fixed capital expenditure, using 1994 as an important year in which South Africa entered a new political dispensation. The article will attempt to evaluate the extent to which fixed capital decisions responded to a changing economic and political environment in terms of expectations and uncertainty.
 
Publisher AOSIS
 
Contributor
Date 2007-04-30
 
Type info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion —
Format application/pdf
Identifier 10.4102/jef.v1i1.376
 
Source Journal of Economic and Financial Sciences; Vol 1, No 1 (2007); 7-20 2312-2803 1995-7076
 
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://jefjournal.org.za/index.php/jef/article/view/376/457
 
Rights Copyright (c) 2018 Sivan Chetty https://creativecommons.org/licenses/by/4.0
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