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Business Cycles and Structural Change in South Africa - An Integrated View (Hardcover, 1st ed. 2020)
Loot Price: R2,822
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Business Cycles and Structural Change in South Africa - An Integrated View (Hardcover, 1st ed. 2020)
Series: Advances in African Economic, Social and Political Development
Expected to ship within 10 - 15 working days
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This book investigates the South African business cycle and its
links to structural change in the economy. Against the backdrop of
the democratic transition in 1994 and the global financial crisis,
the authors study how business cycles in South Africa have changed
and how cycles are related to key developments in the financial
markets, international trade and business sentiment in the country.
By focusing on peaks and troughs in economic activity - so-called
'turning-point cycles' - the book links up with the common approach
of international policymakers to studying fluctuations in economic
activity. The authors also introduce new approaches to measuring
phases of the business cycle (to understand slow recoveries after
the global crisis), provide comprehensive descriptions to
complement quantitative analyses, and utilize new data sources that
allow the measurement of economic activity over longer periods. As
such, the book provides the first integrated overview of business
cycles in an emerging market, providing academics and policymakers
with a better understanding of the measurement challenges and
drivers of the cycle.
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