Accelerated Land Reform, Mining, Growth, Unemployment and Inequality in South Africa by Nombulelo Gumata & Eliphas Ndou

Author:Nombulelo Gumata & Eliphas Ndou
Language: eng
Format: epub
ISBN: 9783030308841
Publisher: Springer International Publishing

Are the responses of investment, foreign debt and intermediate imports different to a decline in commodity prices? Figure 14.8 shows that investment growth and foreign debt are more responsive to a decline in commodity prices. Investment growth and foreign debt remain depressed for a longer period compared to the import of intermediate goods in Fig. 14.8(c).

Fig. 14.8Responses to commodity price decline. (Note: The grey shaded area bands denote the 16th and 84th percentile confidence bands. Int. = intermediate imports. Source: Authors’ calculations)

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