Aggregate Investment in South Africa: A Model with Implications for Political Reform

David Fielding

Oxford Bulletin of Economics and Statistics, 1997, vol. 59, issue 3, 349-69

Abstract: A small macroeconomic model is used as the basis for estimating the determinants of investment in South Africa within a simultaneous equations framework. Investment is highly sensitive to interest rates, relative prices, and political instability. The policy implications of such sensitivity are outlined. Copyright 1997 by Blackwell Publishing Ltd

Date: 1997
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