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Macroeconomic Resilience: South Africa and Selected Emerging Market Economies

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South African Economy

Part of the book series: African Histories and Modernities ((AHAM))

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Abstract

The chapter examines the macroeconomic resilience to shocks of South Africa and other emerging economies that the book compares South Africa with (i.e. Brazil, Nigeria, Malaysia and Poland). South Africa has been wrestling with the multifaceted issues characterised by high levels of poverty, inequality and unemployment. Moreover, South Africa must grapple with the issues of sluggish economic growth, poverty and inequality in the midst of domestic and global economic shocks. These challenges are rampant in numerous develo** countries, especially emerging economies. As these emerging economies rise to prominence, they face increasing exposure to a range of economic shocks, whether they originate locally, regionally or globally. In this context, the chapter aims to explore their ability to withstand, recover from and prosper after facing such shock. The chapter uses descriptive statistics and Impulse Response Functions (IRFs) for a comprehensive analysis, revealing the evolving impact of economic shocks over time. This dynamic approach deepens the understanding of these economies’ responses, providing policy makers and researchers with crucial insights into their economic dynamics.

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Notes

  1. 1.

    Input obtained from the Industrial Development Corporation (2013). “The South African Economy: An overview of key trends since 1994.”

  2. 2.

    Poland and Malaysia don’t have data for debt service.

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Authors and Affiliations

  1. University of Mpumalanga, Mbombela, South Africa

    Vusi Gumede & Shonisani Chauke

  2. University of Johannesburg, Auckland Park, South Africa

    Santos Bila, Mduduzi Biyase & Sodiq Arogundade

Authors
  1. Vusi Gumede
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  2. Santos Bila
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  3. Mduduzi Biyase
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  4. Shonisani Chauke
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  5. Sodiq Arogundade
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Corresponding author

Correspondence to Vusi Gumede .

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Gumede, V., Bila, S., Biyase, M., Chauke, S., Arogundade, S. (2024). Macroeconomic Resilience: South Africa and Selected Emerging Market Economies. In: South African Economy. African Histories and Modernities. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-54180-3_4

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  • DOI: https://doi.org/10.1007/978-3-031-54180-3_4

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-031-54179-7

  • Online ISBN: 978-3-031-54180-3

  • eBook Packages: HistoryHistory (R0)

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