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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Measures of competitiveness: a dynamic approach to South Africa's trade performance in the 1990s
Authors:Edwards, LawrenceISNI
Schoer, VolkerISNI
Periodical:South African Journal of Economics
Geographic term:South Africa
international trade
Abstract:Analysing economies in terms of global competitiveness and identifying domestic industries with export potential have become a focus of trade analysis. Various measurements of competitiveness can be employed to establish such a picture of an economy's performance. This paper first critically reviews measurements used in the analysis of South Africa's competitiveness. It classifies these measures into the following categories: real effective exchange rates; wage-productivity relationships; structure of trade analyses; and revealed comparative advantage indicators. Next, the paper introduces and applies a dynamic version of the commonly used static revealed comparative advantage indicator. This 'dynamic' indicator is then used to assess South Africa's trade performance over the last eight years. The results suggest that South Africa has failed to restructure significantly into dynamic, growing world markets and that the bulk of exports still fall within declining world markets. Bibliogr., notes, ref. [ASC Leiden abstract]