Manufacturing investment in South Africa: a time-series

Authors
Fielding, D
Citation
D. Fielding, Manufacturing investment in South Africa: a time-series, J DEV ECON, 58(2), 1999, pp. 405-427
Citations number
23
Categorie Soggetti
Economics
Journal title
JOURNAL OF DEVELOPMENT ECONOMICS
ISSN journal
03043878 → ACNP
Volume
58
Issue
2
Year of publication
1999
Pages
405 - 427
Database
ISI
SICI code
0304-3878(199904)58:2<405:MIISAA>2.0.ZU;2-3
Abstract
Using data from the South African manufacturing sector, we estimate a theor y-consistent model of the evolution of the capital stock. The model is used to test hypotheses about the nature of the constraints and objective funct ion of firms in this sector; in particular, we look at the magnitude of the impact of increased economic uncertainty. (C) 1999 Elsevier Science B.V. A ll rights reserved. JEL classification: E22; O16.