Austerity Measures, Infrastructure and Economic Development in South Africa (1996–2019)

IF 0.9 Q3 ECONOMICS

Organizations and Markets in Emerging Economies Pub Date : 2023-05-29 DOI:10.15388/omee.2023.14.82

Kukhanyile Mali, Johannes Sheefeni

引用次数: 0

Abstract

The paper aims to establish whether austerity measures promote economic development, improve infrastructure development, and whether they exacerbate infrastructure backlogs. The methodology used is a quantitative research method, sourcing secondary quarterly data from the South African Reserve Bank. The VAR model is used to analyse data between 1994 and 2019. The results showed that austerity measures have a significantly negative role in economic development. Also, they slow down investments that are crucial for infrastructure development. The results also pointed to the exacerbation of infrastructure backlogs caused by austerity measures.

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南非的紧缩措施、基础设施和经济发展(1996-2019)

本文旨在确定紧缩措施是否促进经济发展，改善基础设施发展，以及它们是否加剧了基础设施积压。使用的方法是定量研究方法，从南非储备银行采购第二季度数据。VAR模型用于分析1994年至2019年的数据。结果表明，紧缩措施对经济发展具有显著的负向作用。此外，它们还减缓了对基础设施发展至关重要的投资。调查结果还指出，紧缩措施造成的基础设施积压问题加剧。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Organizations and Markets in Emerging Economies ECONOMICS-

CiteScore

1.60

自引率

0.00%

发文量

审稿时长

20 weeks

期刊介绍： The journal aims to contribute to the development and dissemination of multidisciplinary knowledge on organizations and markets in emerging economies, to increase dialogue among scholars focused on a specific emerging economy or region and to encourage and give an outlet to high quality scholarship, both local and international, to this subject. Organizations and Markets in Emerging Economies welcomes analysis of emerging economies from the perspectives of organizational sciences, marketing, economics, finance and related disciplines. The journal appreciates studies that highlight specificities and patterns that occur in emerging economies and develop new empirical and theoretical knowledge on the subject.