- Title
- The impact of domestic investment on economic growth in South Africa: a Sectoral Approach (1993 to 2020)
- Creator
- Hobongwana, Khungile Goodwell https://orcid.org/0000-0003-0223-7370
- Subject
- Economic development -- South Africa
- Subject
- Investments -- South Africa
- Subject
- Gross domestic product
- Date
- 2023-01
- Type
- Master's theses
- Type
- text
- Identifier
- http://hdl.handle.net/10353/26753
- Identifier
- vital:65982
- Description
- This study examined the impact of domestic investment on economic growth in South Africa: a sectoral approach from 1993 to 2020. The overall results as discussed by panel data ARDL revealed that domestic investment has an impact on at least one sectoral economic growth in South Africa in the long run. The panel data ARDL test reveals that domestic investment, employment, imports and exports have a significant correlation to influence GDP in the long run in at least one of the sectors. A pairwise Dumitrescu Hurlin panel causality tests determine that domestic investment (DI) does not homogeneously cause gross domestic product (GDP). This is because in South Africa the sectoral or structural change development relies much on foreign direct investment (FDI) rather than domestic investment, hence the negative homogeneous results. Therefore, we need to attract DI as the result shows, because a positive relationship can be expected between domestic investment and economic growth in line with the Keynesian theory where investment is expected to promote economic growth. The new-endogenous growth theory of investment that can be applied in detecting the effect of aggregate and disaggregate domestic investment on sectoral economic growth and aggregate economic growth.
- Description
- Thesis (MCom) -- Faculty of Management and Commerce, 2023
- Format
- computer
- Format
- online resource
- Format
- application/pdf
- Format
- 1 online resource (vi, 96 pages)
- Format
- Publisher
- University of Fort Hare
- Publisher
- Faculty of Management and Commerce
- Language
- English
- Rights
- rights holder
- Rights
- All Rights Reserved
- Rights
- Open Access
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UFH Department of Economics
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Hobongwana_200310038_Economics.pdf | 1 MB | Adobe Acrobat PDF | View Details Download |