Go to AfricaBib home

Go to AfricaBib home Africana Periodical Literature Go to database home

bibliographic database
Line
Previous page New search

The free AfricaBib App for Android is available here

Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The national financial accounts, economic growth and development
Author:Naudé, W.ISNI
Year:1994
Periodical:South African Journal of Economics
Volume:62
Issue:1
Pages:46-54
Language:English
Geographic term:South Africa
Subjects:public finance
economic development
External link:https://doi.org/10.1111/j.1813-6982.1994.tb01082.x
Abstract:Because of the duality of South Africa's economy - a 'first world' alongside a 'third world' component, one can conclude that the encouragement of South Africa's financial sector, especially in peripheral areas, might have supply-leading effects. However, given the developed nature of the South African financial system, it might also be destabilizing. To formulate a coherent economic growth and development strategy for South Africa necessitates the use of a general equilibrium framework. The most popular empirical equilibrium framework in recent years has been social accounting matrices (SAMs) and the models based on them. Although the SAMs published for South Africa for 1988 may generate valuable insights into the South African economy, their application as far as analysing real-financial sector interactions in the development process are limited because they omit the financial sector. This paper shows how the national financial accounts, traditionally used by less developed countries to quantitatively analyse the influence of financial policies, can be used to analyse economic growth and development in South Africa. It is argued that because the national financial accounts are a consistent set of accounts, containing the vectors of investment and savings from the real economy, they can be integrated into a real SAM. The potential of such a model to serve as a basis for CGE (computable general equilibrium) modelling is investigated. Bibliogr., note.
Views
Cover