Titlebook: Business Cycles and Structural Change in South Africa; An Integrated View Willem H. Boshoff Book 2020 Springer Nature Switzerland AG 2020 S

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Development of First-Year Educationve relationship between confidence and real economic activity, the consistent timing of this relationship, and that it remains significant after taking other variables into account. The confidence indicators therefore contain useful information about current and future economic developments.

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Business Cycle Recoveries: AComparative Viewters. The absence of a distinct recovery phase carries over to disaggregated components of expenditure, including consumption and investment. Especially investment only accelerates later in South African expansions.

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Business Confidence and the Business Cycle in South Africave relationship between confidence and real economic activity, the consistent timing of this relationship, and that it remains significant after taking other variables into account. The confidence indicators therefore contain useful information about current and future economic developments.

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Introduction, followed by an analysis of key drivers of South African cycles, first based on a narrative history of individual cycles since the 1970s and then using modern DSGE models. The final two chapters focus on methods for better predicting the cycle, studying the role of sentiment and evaluating the South African Reserve Bank’s forecasting strategy.

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The South African Economy in the Twentieth Centurycountries on the African continent. This chapter introduces a new data series of gross domestic product and its sectoral components to investigate this transformation. The complete series, spanning 106 years, allows us to identify key periods of structural change and their interrelation with aggregate and sectoral cyclical behaviour.

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A History of South Africa’s Modern Business Cyclemid-1970s, and at the time of the 1994 political transition, were important dividing lines. Key changes in the South African business cycle, during the post-2009 period, are also identified. The extent to which these cyclical changes will have a bearing on the country’s long-term economic evolution remains uncertain.

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Conclusionsntiment, the resilience of the economy, the impact of international shocks, and the role of finance. Alternatively, consistent with the taxonomy of the business cycle literature suggested in earlier chapters, the volume provides new insights related to business cycle measurement, business cycle forecasting, and business cycle stabilization policy.

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https://doi.org/10.1007/978-3-030-78071-5 followed by an analysis of key drivers of South African cycles, first based on a narrative history of individual cycles since the 1970s and then using modern DSGE models. The final two chapters focus on methods for better predicting the cycle, studying the role of sentiment and evaluating the South African Reserve Bank’s forecasting strategy.