Constructing Future Growth Opportunities: The Potential to develop an Intensive Civil Engineering and Construction Works Exports Strategy
Lowitt assesses the economic contribution of South Africa’s civil engineering and construction works sector through both domestic and export activity. She then compares the domestic sector and government’s approach to export activity with those of other developing countries. The idea of using external demand to grow a domestic construction sector is not new, and international…
read more >>Leveraging Services for Employment, Growth and Equity: Botox and Bridges: South African Exports of Health and Construction Services
Using case studies of the South African construction and health services sectors, Stern outlines the main methodological and policy challenges facing developing countries in assessing the economic and social implications of service liberalisation. While the findings are preliminary and the policy conclusions speculative, the paper provides examples of key analytical difficulties in analysing services. More…
read more >>Botox and Bridges: South African Exports of Health and Construction Services
Until relatively recently, policy makers and academics directed little attention to trade in services. This has changed in recognition of the increasing role of services in economic growth, trade and investment. In World Trade Organisation (WTO) and other trade negotiations, discussions on services have become as important as, if not more important than, those on…
read more >>The Economic Influence of Infrastructural Expenditure: A Multiplier Decomposition and Structural Path Analysis
Garcia et al. explore the use of structural path analysis in assessing the potential economic impact of the South African government’s planned infrastructural programme of R787 billion. The construction sector is large enough to accommodate a substantial stimulus and has significant linkages with other production activities and households at all income levels. Structural path analysis…
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