Sources of output growth in the countries of the Common Monetary Area and provinces of South Africa
Auro Sahoo (),
Diptimayee Mishra and
Phendulwa Zikhona Makunga
No wp-2021-31, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
This paper aims to decompose the sources of growth in economies in the Southern African region's Common Monetary Area and in the provinces of South Africa. Decomposition results for the Common Monetary Area reveal that the growth of aggregate and sectoral gross domestic product is driven by input, without increasing efficiency in production or benefiting from technological progress, which is unsustainable. Negative technical change implies that countries are unable to reap the benefits from shifts in technology.
Keywords: Growth; Efficiency; Technology; Southern Africa; Decomposition (search for similar items in EconPapers)
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