Macroeconomic policy and trade integration in Southern Africa

Charles Harvey ()
Additional contact information
Charles Harvey: University of Houston

Working Papers from University of Cape Town, Development Policy Research Unit

Abstract: The aim of this paper is to determine if macroeconomic policy convergence amongst member countries of the Southern African Development Community (SADC) is required for establishing and sustaining a free trade area (FTA). The paper also investigates whether a restraining mechanism is required in order to compel member countries to have compatible macroeconomic policies. The paper finds that macroeconomic policy convergence is not necessary for establishing an FTA, but is necessary for sustaining an FTA over time. The paper also finds that a credible collective agency of restraint against macroeconomic divergence must be created by SADC governments to ensure that SADC, as a free trade area is sustained.

Keywords: South Africa: free trade area; macroeconomic policy (search for similar items in EconPapers)
JEL-codes: A1 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2000-04
References: Add references at CitEc
Citations:

Published in Working Paper Series by the Development Policy Research Unit, April 2000, pages 1-22

Downloads: (external link)
http://hdl.handle.net/11427/7231 First version, 2000 (application/pdf)

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: https://EconPapers.repec.org/RePEc:ctw:wpaper:00039

Access Statistics for this paper

More papers in Working Papers from University of Cape Town, Development Policy Research Unit Contact information at EDIRC.
Bibliographic data for series maintained by Waseema Petersen ( this e-mail address is bad, please contact ).