Skip to main content
SpringerLink
Log in
Palgrave Macmillan

The Secular Decline of the South African Manufacturing Sector

Policy Interventions, Missing Links and Gaps in Discussions

  • Book
  • © 2020

Overview

Authors:
  1. Nombulelo Gumata

    1. South African Reserve Bank, Pretoria, South Africa

    View author publications

    You can also search for this author in PubMed   Google Scholar

  2. Eliphas Ndou

    1. South African Reserve Bank, Pretoria, South Africa

    View author publications

    You can also search for this author in PubMed   Google Scholar

  • Highly illustrated with graphs and diagrams that highlight growth indicators and policy implications

  • Contains learning objectives to aid revision and quick reference

  • Examines economic shocks can be managed and their impacts minimised

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (29 chapters)

  1. Front Matter

    Pages i-xxxiii
    Download chapter PDF

  2. Introduction

    • Nombulelo Gumata, Eliphas Ndou
    Pages 1-11

  3. The Contrasting Effects of Globalisation, Trade-Openness and Import Penetration on Inflation, the Output-Gap, Activity in the Manufacturing Sector and Income Inequality

    1. Front Matter

      Pages 13-13
      Download chapter PDF

    2. The Rationale for Focusing on the Manufacturing Sector as an Important Driver of Growth, Missing Links and Existing Policy Gaps?

      • Nombulelo Gumata, Eliphas Ndou
      Pages 15-28

    3. Does Trade-Openness Affect the Role of the Domestic Output-Gap on Inflation? If So, What is the Role of the Global Output-Gap?

      • Nombulelo Gumata, Eliphas Ndou
      Pages 29-46

    4. Does an Increase in Trade-Openness and Import-Penetration Affect Income Inequality? Evidence from the Manufacturing Sector Output Growth and Employment Growth

      • Nombulelo Gumata, Eliphas Ndou
      Pages 47-56

    5. What Is the Impact of Chinese Import Penetration on the South African Manufacturing Sector?

      • Nombulelo Gumata, Eliphas Ndou
      Pages 57-65

    6. What Is the Impact of Shocks to Imports by Stage of Production on the Manufacturing Sector Output and Employment Growth?

      • Nombulelo Gumata, Eliphas Ndou
      Pages 67-78

    7. What Is the Impact of Imports by Stage of Production and the Manufacturing Sector Investment Growth?

      • Nombulelo Gumata, Eliphas Ndou
      Pages 79-90

  4. The Effects of Commodity Price Booms, Capital Flows Episodes, Exchange Rate Volatility, Global Trade Uncertainty and Economic Policy Uncertainty on the Manufacturing Sector

    1. Front Matter

      Pages 91-91
      Download chapter PDF

    2. What Is the Impact of Global Trade Uncertainty and the Exchange Rate Volatility on the Manufacturing Sector?

      • Nombulelo Gumata, Eliphas Ndou
      Pages 93-103

    3. How Does Activity in Manufacturing Sector Respond to Trade and Exchange Rate Shocks? Evidence from Trade-Openness and Import Penetration Thresholds

      • Nombulelo Gumata, Eliphas Ndou
      Pages 105-120

    4. What Is the Impact of Heightened Economic Policy Uncertainty and Adverse Financial Conditions on the Manufacturing Sector?

      • Nombulelo Gumata, Eliphas Ndou
      Pages 121-130

    5. What Is the Impact of Commodity Price Booms and Capital Flows Surges Episodes on the Manufacturing Sector?

      • Nombulelo Gumata, Eliphas Ndou
      Pages 131-142

    6. What Are the Effects of Capital Flow Shocks on the Domestic Manufacturing Sector?

      • Nombulelo Gumata, Eliphas Ndou
      Pages 143-152

    7. Does the Persistent Widening in the Trade Deficit Explain the Decline in the Manufacturing Sector Output and Employment Growth?

      • Nombulelo Gumata, Eliphas Ndou
      Pages 153-163

  5. The Impact of Investment Growth Shocks, Credit Booms, Financial and Credit Cycles, Business and Consumer Confidence on the Manufacturing Sector

    1. Front Matter

      Pages 165-165
      Download chapter PDF

    2. Do Credit Booms, Financial and Credit Cycles Affect Activity in the Manufacturing Sector?

      • Nombulelo Gumata, Eliphas Ndou
      Pages 167-176

    3. What Is the Role of Business and Consumer Confidence in Amplifying the Transmission of Positive Shocks into the Manufacturing Sector?

      • Nombulelo Gumata, Eliphas Ndou
      Pages 177-190

    4. Do Positive Investment Shocks in the Manufacturing Sector Result in Increased Labour Absorption and Participation Rates?

      • Nombulelo Gumata, Eliphas Ndou
      Pages 191-199
Back to top

Keywords

About this book

This book examines the global and domestic factors that have influenced the decline of South African manufacturing. Quantitative and econometric techniques are used to analyse the macroeconomic conditions that derive improved performance within the manufacturing sector. Empirical evidence is used to set out policy recommendations that would allow the South African National Development Plan to meet its objectives.

This books aims to bring together analysis of industrial policy, competition policy, and merger remedies to produce a framework on how to preserve a competitive environment and support output, investment, and employment growth. It is relevant to those interested in African, development, and labour economics.

Authors and Affiliations

  • South African Reserve Bank, Pretoria, South Africa

    Nombulelo Gumata, Eliphas Ndou

About the authors

Nombulelo Gumata is an economist who has co-authored several books in the areas of international finance and macroeconomics, macro-prudential and regulatory tools and financial stability, labour markets, monetary and fiscal policy.

Eliphas Ndou is an economist at the South African Reserve Bank and has authored books in international finance, public finances, monetary, labour, macro and microeconomics, time-series econometrics, banking regulation and macro-prudential policy.

Bibliographic Information

  • Book Title: The Secular Decline of the South African Manufacturing Sector

  • Book Subtitle: Policy Interventions, Missing Links and Gaps in Discussions

  • Authors: Nombulelo Gumata, Eliphas Ndou

  • DOI: https://doi.org/10.1007/978-3-030-55148-3

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020

  • Hardcover ISBN: 978-3-030-55147-6Published: 11 November 2020

  • Softcover ISBN: 978-3-030-55150-6Published: 11 November 2021

  • eBook ISBN: 978-3-030-55148-3Published: 10 November 2020

  • Edition Number: 1

  • Number of Pages: XXXIII, 370

  • Number of Illustrations: 258 b/w illustrations

  • Topics: Economy-wide Country Studies, Macroeconomics/Monetary Economics//Financial Economics, Development Economics, Labor Economics

Publish with us

Policies and ethics

Back to top

Search

Navigation