Overview
- Studies the South African business cycle and its links to structural change in the economy
- Links up with the common approach of policymakers
- Introduces new approaches to measuring phases of business cycles
Part of the book series: Advances in African Economic, Social and Political Development (AAESPD)
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Table of contents (10 chapters)
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Front Matter
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Looking Back
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Front Matter
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The Financial Crisis and Its ImpactontheCycle
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Front Matter
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Key Drivers of the South AfricanBusinessCycle
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Front Matter
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Predicting the South African BusinessCycle
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Front Matter
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Keywords
About this book
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 inan emerging market, providing academics and policymakers with a better understanding of the measurement challenges and drivers of the cycle.
Editors and Affiliations
About the editor
Willem Boshoff is an economist at Stellenbosch University, South Africa, where he is an Associate Professor of Economics and the Director of the Centre for Competition Law and Economics. He teaches macroeconomics, time-series analysis and industrial organization. He holds a Ph.D. in economics from Stellenbosch University and has published on South African business and financial cycles, cycles in collusion, and statistical applications to competition policy problems. Prof. Boshoff is editor of the Journal for Studies in Economics and Econometrics and is a National Research Foundation ‘rated’ researcher.
Bibliographic Information
Book Title: Business Cycles and Structural Change in South Africa
Book Subtitle: An Integrated View
Editors: Willem H. Boshoff
Series Title: Advances in African Economic, Social and Political Development
DOI: https://doi.org/10.1007/978-3-030-35754-2
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-35753-5Published: 21 April 2020
Softcover ISBN: 978-3-030-35756-6Published: 21 April 2021
eBook ISBN: 978-3-030-35754-2Published: 20 April 2020
Series ISSN: 2198-7262
Series E-ISSN: 2198-7270
Edition Number: 1
Number of Pages: X, 292
Number of Illustrations: 25 b/w illustrations, 62 illustrations in colour
Topics: African Economics, Macroeconomics/Monetary Economics//Financial Economics, African Business, Financial Crises, Economic Growth, Economic History