Why is South Africa Still a Developing Country?

Sayef Bakari

MPRA Paper from University Library of Munich, Germany

Abstract: Despite the abundance of goods and natural resources that characterize South Africa, and despite the remarkable progress in the field of industry and manufacturing, it is still in the list of developing countries. The aim of this article is to re-examine the causes of this node by studying the basic pillars for the creation of solid economic growth as is the case for all developing countries by looking at the impact of domestic investment, exports and imports on South Africa's economic growth in the short and long term. Our empirical analyses show that imports present the main barrier of prosperity and progress in South Africa.

Keywords: Domestic Investment; Exports; Imports; Economic growth; South Africa. (search for similar items in EconPapers)
JEL-codes: E22 F11 F14 O47 (search for similar items in EconPapers)
Date: 2017-08
New Economics Papers: this item is included in nep-afr, nep-gro and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:80763

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