Economics at your fingertips  

Discounted Agricultural Growth in South Africa

Miesha J. Williams ()
Additional contact information
Miesha J. Williams: Morehouse College

The Review of Black Political Economy, 2017, vol. 44, issue 3, 353-362

Abstract: Abstract This paper examines impacts of appropriate resource allocation on subsistence level output. This study uses a stylized Coase Bargaining model and data from the South African Reserve bank to support the second welfare theorem. Back of the envelope calculations indicate the opportunity cost of manufacturing output has been the 20% discount in agricultural output in South Africa since 1968. This paper offers an exercise that can be implemented in developing nations having institutions resulting in two-sector economies. Moreover, the methods used here will help policy makers to estimate an appropriate value for wealth transfers.

Keywords: Distribution; Land; Property rights; Wealth distribution; Welfare; Contracts; Institutions; Policy; Colonialism; Apartheid; Development; Tax; Collective bargaining; Labor mobility; Africa; South Africa; Agriculture; Manufacturing (search for similar items in EconPapers)
JEL-codes: D3 D31 D6 D7 E02 E6 E61 F5 F54 F6 H21 H22 J5 J52 J6 N17 N57 N67 O11 O55 Q19 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

The Review of Black Political Economy is currently edited by C. Conrad

More articles in The Review of Black Political Economy from Springer, National Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().

Page updated 2019-11-06
Handle: RePEc:spr:blkpoe:v:44:y:2017:i:3:d:10.1007_s12114-017-9262-0