Yıl 2016, Cilt: 8 Sayı : 1 Sayfalar 145 - 160 2016-06-01
SOUTH AFRICA’S MACROECONOMIC RESILIENCE TO EXTERNAL SHOCKS: A COMPARISON TO ITS BRICS PARTNERS
Henry J. Cockeran
10 261

Öz South Africa has to address the challenges of slow economic growth, poverty, and inequality in the face of precarious macroeconomic imbalances—foreign capital funds deficits of savings to investment, of tax income to government spending, and of exports to imports. Just how susceptible is the South African economy to an external shock? This paper extends a ‘resilience indicator’ developed by Rojas- Suarez (2015) and applies it to the case of South Africa. Such an indicator was constructed for South Africa and the other BRICS economies. The values for the period 2000–2014 were compared, and it was found that South Africa has become less resilient to an external shock during this period than its BRICS partners. South Africa is, therefore, more vulnerable to an external shock than the other BRICS economies

Anahtar Kelimeler

Financial crisis, BRICS, macroeconomic resilience, South Africa.
Bean, C. (2003), “Asset prices, financial imbalances and monetary policy: are inflation targets enough?” BIS Working Papers No 140. Bank for International Settlements.
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Yayımlanma Tarihi 1 Haziran 2016
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Yayımlanma Tarihi : 1 Haziran 2016


Makalenin Yazarları
Henry J. Cockeran