The effects of trade policy on the development of the South African petrochemical industry
- Authors: Giantsos, John
- Date: 1995
- Subjects: Petroleum chemicals industry -- South Africa , Petroleum industry and trade -- Government policy -- South Africa , Petroleum chemicals industry , South Africa -- Commerce
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1014 , http://hdl.handle.net/10962/d1002749 , Petroleum chemicals industry -- South Africa , Petroleum industry and trade -- Government policy -- South Africa , Petroleum chemicals industry , South Africa -- Commerce
- Description: The objective of the research was to determine the role which South African trade policy played in shaping the development of the domestic petrochemical industry. The focus of the study falls on the domestic development of the petrochemical industry in general, and the polymer industry in particular. Three broad stages are distinguished in the domestic development of the petrochemical industry. Prior to the early 1970's development occurred primarily on an ad hoc basis, with the establishment of domestic production plants for most major petrochemicals. The development of the domestic petrochemical industry over the period from the early 1970's to the early 1980's was characterised by rapid growth in the domestic production of petrochemicals, while the period from the early 1980's to the early 1990's saw a significant slowdown in the annual growth rate for the domestic production of petrochemicals. The role of trade policy in the industry's development over each of these three periods could not be established conclusively. In each period a number of factors were identified which may have impacted on the industry's development. However, two factors do appear to have played particularly important roles in the industry's development prior to the early 1980's, namely strong growth in domestic petrochemical demand and the provision of a substantial degree of protection through quantitative import controls and tariffs. with regard to the industry's development over the period from the early 1980's to the early 1990's, a number of factors were identified which may have influenced trends in domestic petrochemical production, including the withdrawal of quantitative import controls and the progressive lowering of import tariffs, the depreciation of the rand in the mid-1980's, a slowdown in the growth of the domestic demand for petrochemicals, the fall in the international prices of petrochemicals in the early 1980's, and the fall in the international oil price in the mid-1980's. In view of the small size of the domestic petrochemical market it is recommended that local petrochemical producers should continue to expand their focus beyond that of producing solely for the requirements of the domestic market. In light of the key role played by the petrochemical industry in a modern economy, it is also recommended that the industry in South Africa receive more attention from policy makers than it has in the past.
- Full Text:
- Date Issued: 1995
- Authors: Giantsos, John
- Date: 1995
- Subjects: Petroleum chemicals industry -- South Africa , Petroleum industry and trade -- Government policy -- South Africa , Petroleum chemicals industry , South Africa -- Commerce
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1014 , http://hdl.handle.net/10962/d1002749 , Petroleum chemicals industry -- South Africa , Petroleum industry and trade -- Government policy -- South Africa , Petroleum chemicals industry , South Africa -- Commerce
- Description: The objective of the research was to determine the role which South African trade policy played in shaping the development of the domestic petrochemical industry. The focus of the study falls on the domestic development of the petrochemical industry in general, and the polymer industry in particular. Three broad stages are distinguished in the domestic development of the petrochemical industry. Prior to the early 1970's development occurred primarily on an ad hoc basis, with the establishment of domestic production plants for most major petrochemicals. The development of the domestic petrochemical industry over the period from the early 1970's to the early 1980's was characterised by rapid growth in the domestic production of petrochemicals, while the period from the early 1980's to the early 1990's saw a significant slowdown in the annual growth rate for the domestic production of petrochemicals. The role of trade policy in the industry's development over each of these three periods could not be established conclusively. In each period a number of factors were identified which may have impacted on the industry's development. However, two factors do appear to have played particularly important roles in the industry's development prior to the early 1980's, namely strong growth in domestic petrochemical demand and the provision of a substantial degree of protection through quantitative import controls and tariffs. with regard to the industry's development over the period from the early 1980's to the early 1990's, a number of factors were identified which may have influenced trends in domestic petrochemical production, including the withdrawal of quantitative import controls and the progressive lowering of import tariffs, the depreciation of the rand in the mid-1980's, a slowdown in the growth of the domestic demand for petrochemicals, the fall in the international prices of petrochemicals in the early 1980's, and the fall in the international oil price in the mid-1980's. In view of the small size of the domestic petrochemical market it is recommended that local petrochemical producers should continue to expand their focus beyond that of producing solely for the requirements of the domestic market. In light of the key role played by the petrochemical industry in a modern economy, it is also recommended that the industry in South Africa receive more attention from policy makers than it has in the past.
- Full Text:
- Date Issued: 1995
Measures and determinants of productivity growth in the South African manufacturing sector
- Authors: Wright, Anthony John
- Date: 1994
- Subjects: Industrial productivity -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1019 , http://hdl.handle.net/10962/d1002754 , Industrial productivity -- South Africa
- Description: The neoclassical "sources-of-growth" approach is applied to derive total factor productivity (TFP) growth measures for manufacturing industries in South Africa. Although South Africa's recorded industrial TFP growth measures have been persistently low in absolute terms, this performance is not significantly worse than the industrial TFP growth performance of other developing countries. In some periods there is evidence of a significant variability in TFP performance across industries. The measures also indicate that TFP growth has worsened in the 1980s, particularly in the intermediate-capital intensive and labour intensive industries. However, there are various problems with interpreting neoclassical TFP growth measures as indicators of production efficiency. In fact, as TFP growth is derived as a residual, it may measure many factors besides production efficiency. Alternative growth theories are used to assess the fundamental determinants of productivity growth. These provide a more plausible conceptualisation of the process by which productivity growth is generated than the neoclassical growth theory does. However, this analysis also provides little empirical evidence of which underlying factors have had the most influence on productivity growth in South African manufacturing. Hence, the relative importance of possible candidates can only really be assessed qualitatively and on the basis of micro evidence. However, these assessments, and the assumptions underlying the postulated causal connections (between the identified factors and productivity growth), have a major impact on policy design. In this respect, on the basis of the framework provided by the evolutionary and other recent growth theories, various policy implications are drawn, and these are contrasted with the policy proposals of other South African analysts. This thesis concludes that policies need to be designed with the central objective of enhancing the technological capabilities of South African firms. Trade policies will not be sufficient for achieving this objective. Education and training policies, technology, competition and labour market policies are also crucial. However, since the fundamental causes of productivity growth remain somewhat of a mystery, there is a need to be sceptical of simple policy prescriptions. In this respect, this thesis is highly critical of the World Bank's position that productivity gains will be reaped from the exposure of firms to international competition that trade liberalisation policies entail.
- Full Text:
- Date Issued: 1994
- Authors: Wright, Anthony John
- Date: 1994
- Subjects: Industrial productivity -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1019 , http://hdl.handle.net/10962/d1002754 , Industrial productivity -- South Africa
- Description: The neoclassical "sources-of-growth" approach is applied to derive total factor productivity (TFP) growth measures for manufacturing industries in South Africa. Although South Africa's recorded industrial TFP growth measures have been persistently low in absolute terms, this performance is not significantly worse than the industrial TFP growth performance of other developing countries. In some periods there is evidence of a significant variability in TFP performance across industries. The measures also indicate that TFP growth has worsened in the 1980s, particularly in the intermediate-capital intensive and labour intensive industries. However, there are various problems with interpreting neoclassical TFP growth measures as indicators of production efficiency. In fact, as TFP growth is derived as a residual, it may measure many factors besides production efficiency. Alternative growth theories are used to assess the fundamental determinants of productivity growth. These provide a more plausible conceptualisation of the process by which productivity growth is generated than the neoclassical growth theory does. However, this analysis also provides little empirical evidence of which underlying factors have had the most influence on productivity growth in South African manufacturing. Hence, the relative importance of possible candidates can only really be assessed qualitatively and on the basis of micro evidence. However, these assessments, and the assumptions underlying the postulated causal connections (between the identified factors and productivity growth), have a major impact on policy design. In this respect, on the basis of the framework provided by the evolutionary and other recent growth theories, various policy implications are drawn, and these are contrasted with the policy proposals of other South African analysts. This thesis concludes that policies need to be designed with the central objective of enhancing the technological capabilities of South African firms. Trade policies will not be sufficient for achieving this objective. Education and training policies, technology, competition and labour market policies are also crucial. However, since the fundamental causes of productivity growth remain somewhat of a mystery, there is a need to be sceptical of simple policy prescriptions. In this respect, this thesis is highly critical of the World Bank's position that productivity gains will be reaped from the exposure of firms to international competition that trade liberalisation policies entail.
- Full Text:
- Date Issued: 1994
A critical analysis of the marketing of mohair in South Africa with special reference to the period 1963 to 1989
- Norton, Eustace Herbert Fraser
- Authors: Norton, Eustace Herbert Fraser
- Date: 1992
- Subjects: Mohair -- South Africa -- Marketing , Mohair industry -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1020 , http://hdl.handle.net/10962/d1002755 , Mohair -- South Africa -- Marketing , Mohair industry -- South Africa
- Description: The objective of the research was to determine the extent to which marketing in general, and the Mohair Scheme in particular, played a part in the re-emergence of South Africa as the world's leading mohair producer. The two major components of the Scheme, the 'voorskot', or initial payment, and reserve prices were analysed separately. In an adaptive expectations, distributed lag model of supply adjustment, only the weighted rainfall and the average real net price of mohair during the previous season, were found to be important determinants of mohair production. The significant negative correlation between the average real net 'voorskot' price and mohair production was contrary to expectations, and probably due to the 'voorskot' always having been set well below the market price. The 'voorskot' may nevertheless have played an important part in making the Scheme as a whole acceptable to producers. As no record is kept of the reserve price, its influence was tested indirectly in two stages. In the first, its influence on price stability was determined by a comparison of ranges, standard deviations and variances, and by several multiple linear demand regressions. Three of the four models showed clearly that price stability was increased by the Mohair Scheme. In the second stage, formulae and diagrammatic analyses were used to assess the welfare gains and losses resulting from the Mohair Scheme. There was a welfare gain to local producers and most of the welfare costs of the Scheme were borne by foreign consumers. With this gain to producers and the more stable price, it was concluded that the reserve price had stimulated mohair production. It was therefore established that the Mohair Scheme had played a major part in the re-emergence of South Africa as the world' s leading mohair producer. Nevertheless, in view of the massive stockpiling in recent seasons, because the reserve price was set too high, the result was a substantial loss to the Scheme; it was therefore recommended that the Mohair Scheme be discontinued or, at least, that the reserve price should be set at a much lower long-run, market clearing level.
- Full Text:
- Date Issued: 1992
- Authors: Norton, Eustace Herbert Fraser
- Date: 1992
- Subjects: Mohair -- South Africa -- Marketing , Mohair industry -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1020 , http://hdl.handle.net/10962/d1002755 , Mohair -- South Africa -- Marketing , Mohair industry -- South Africa
- Description: The objective of the research was to determine the extent to which marketing in general, and the Mohair Scheme in particular, played a part in the re-emergence of South Africa as the world's leading mohair producer. The two major components of the Scheme, the 'voorskot', or initial payment, and reserve prices were analysed separately. In an adaptive expectations, distributed lag model of supply adjustment, only the weighted rainfall and the average real net price of mohair during the previous season, were found to be important determinants of mohair production. The significant negative correlation between the average real net 'voorskot' price and mohair production was contrary to expectations, and probably due to the 'voorskot' always having been set well below the market price. The 'voorskot' may nevertheless have played an important part in making the Scheme as a whole acceptable to producers. As no record is kept of the reserve price, its influence was tested indirectly in two stages. In the first, its influence on price stability was determined by a comparison of ranges, standard deviations and variances, and by several multiple linear demand regressions. Three of the four models showed clearly that price stability was increased by the Mohair Scheme. In the second stage, formulae and diagrammatic analyses were used to assess the welfare gains and losses resulting from the Mohair Scheme. There was a welfare gain to local producers and most of the welfare costs of the Scheme were borne by foreign consumers. With this gain to producers and the more stable price, it was concluded that the reserve price had stimulated mohair production. It was therefore established that the Mohair Scheme had played a major part in the re-emergence of South Africa as the world' s leading mohair producer. Nevertheless, in view of the massive stockpiling in recent seasons, because the reserve price was set too high, the result was a substantial loss to the Scheme; it was therefore recommended that the Mohair Scheme be discontinued or, at least, that the reserve price should be set at a much lower long-run, market clearing level.
- Full Text:
- Date Issued: 1992
The informal sector in the Eastern Cape: a case study of New Brighton and Kwamagxaki, Port Elizabeth
- Authors: Sofisa, Thembela Nicholas
- Date: 1991
- Subjects: Informal sector (Economics) -- South Africa -- Port Elizabeth , Self-employed -- South Africa , New Brighton (Port Elizabeth, South Africa) , Port Elizabeth (South Africa) -- Economic conditions , KwaMagxaki (Port Elizabeth, South Africa)
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:934 , http://hdl.handle.net/10962/d1002667 , Informal sector (Economics) -- South Africa -- Port Elizabeth , Self-employed -- South Africa , New Brighton (Port Elizabeth, South Africa) , Port Elizabeth (South Africa) -- Economic conditions
- Description: Recently, researchers have shown enormous interest in the informal sector due to extensive poverty and rising unemployment trend in the South African economy. These problems have worsened in the Port Elizabeth economy, as most entrepreneurs have scaled down their operations or liquidated their businesses due to a structural decline in the manufacturing sector and periodic recessions in the national economy. Undoubtedly, the informal sector has become a reasonable economic alternative as far as income accumulation and employment generation. The present study shows that the informal sector is characterised mainly by self-employment and also the income from this sector has also improved the standard of living of most sampled households in New Brighton and KwaMagxaki. The aim of this thesis, then, is to evaluate the nature, extent, meaning and influence of the informal sector in the Port Elizabeth Black economy. However, this can only be achieved once the informal sector is placed within the appropriate theoretical framework. This is done by comparing and contrasting the different conceptualisations of the informal sector in the literature. In conclusion, the thesis combines the different conceptualisations of the informal sector in the literature with the empirical evidence from the Port Elizabeth townships' informal sector. The important findings of the study are: The informal sector is mainly characterised by distributive activities than productive activities. Women comprised 62% of the informal sector. Economically-active members of the economy are in the informal sector. Education levels in this sector are relatively low. The informal sector is characterised by one-man businesses with few employees who are also family members. There was no trace of migrants in the informal sector. The informal sector is characterised by linkages. Informal income alleviates conditions of poverty. Policies have to implemented for the development of the informal sector. Twenty-three percent of the households in New Brighton were in the informal sector and only 6% in KwaMagxaki. Although, this study focuses in Port Elizabeth, it is the intention that the results presented will provide a broad overview of what the informal sector is.
- Full Text:
- Date Issued: 1991
The informal sector in the Eastern Cape: a case study of New Brighton and Kwamagxaki, Port Elizabeth
- Authors: Sofisa, Thembela Nicholas
- Date: 1991
- Subjects: Informal sector (Economics) -- South Africa -- Port Elizabeth , Self-employed -- South Africa , New Brighton (Port Elizabeth, South Africa) , Port Elizabeth (South Africa) -- Economic conditions , KwaMagxaki (Port Elizabeth, South Africa)
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:934 , http://hdl.handle.net/10962/d1002667 , Informal sector (Economics) -- South Africa -- Port Elizabeth , Self-employed -- South Africa , New Brighton (Port Elizabeth, South Africa) , Port Elizabeth (South Africa) -- Economic conditions
- Description: Recently, researchers have shown enormous interest in the informal sector due to extensive poverty and rising unemployment trend in the South African economy. These problems have worsened in the Port Elizabeth economy, as most entrepreneurs have scaled down their operations or liquidated their businesses due to a structural decline in the manufacturing sector and periodic recessions in the national economy. Undoubtedly, the informal sector has become a reasonable economic alternative as far as income accumulation and employment generation. The present study shows that the informal sector is characterised mainly by self-employment and also the income from this sector has also improved the standard of living of most sampled households in New Brighton and KwaMagxaki. The aim of this thesis, then, is to evaluate the nature, extent, meaning and influence of the informal sector in the Port Elizabeth Black economy. However, this can only be achieved once the informal sector is placed within the appropriate theoretical framework. This is done by comparing and contrasting the different conceptualisations of the informal sector in the literature. In conclusion, the thesis combines the different conceptualisations of the informal sector in the literature with the empirical evidence from the Port Elizabeth townships' informal sector. The important findings of the study are: The informal sector is mainly characterised by distributive activities than productive activities. Women comprised 62% of the informal sector. Economically-active members of the economy are in the informal sector. Education levels in this sector are relatively low. The informal sector is characterised by one-man businesses with few employees who are also family members. There was no trace of migrants in the informal sector. The informal sector is characterised by linkages. Informal income alleviates conditions of poverty. Policies have to implemented for the development of the informal sector. Twenty-three percent of the households in New Brighton were in the informal sector and only 6% in KwaMagxaki. Although, this study focuses in Port Elizabeth, it is the intention that the results presented will provide a broad overview of what the informal sector is.
- Full Text:
- Date Issued: 1991
Economic dualism and labour re-allocation in South Africa, 1917-1970
- Authors: Hindson, Douglas Carlisle
- Date: 1975
- Subjects: Labor policy -- South Africa -- History -- 20th century , Labor laws and legislation -- South Africa , Labor economics -- South Africa
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1090 , http://hdl.handle.net/10962/d1012294 , Labor policy -- South Africa -- History -- 20th century , Labor laws and legislation -- South Africa , Labor economics -- South Africa
- Description: The central concern of this study is to analyse how the pattern of development in South Africa has influenced the long term growth of productive employment in the economy. The approach adopted is to appply a model of economic dualism to the South African case. Chapter 1, p. 1.
- Full Text:
- Date Issued: 1975
- Authors: Hindson, Douglas Carlisle
- Date: 1975
- Subjects: Labor policy -- South Africa -- History -- 20th century , Labor laws and legislation -- South Africa , Labor economics -- South Africa
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1090 , http://hdl.handle.net/10962/d1012294 , Labor policy -- South Africa -- History -- 20th century , Labor laws and legislation -- South Africa , Labor economics -- South Africa
- Description: The central concern of this study is to analyse how the pattern of development in South Africa has influenced the long term growth of productive employment in the economy. The approach adopted is to appply a model of economic dualism to the South African case. Chapter 1, p. 1.
- Full Text:
- Date Issued: 1975
Aspects of the theory of human capital and its application to South African economic development
- Authors: Bates, Terrence
- Date: 1974
- Subjects: Human capital -- South Africa , South Africa -- Economic conditions -- 1961-1991
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1064 , http://hdl.handle.net/10962/d1007608 , Human capital -- South Africa , South Africa -- Economic conditions -- 1961-1991
- Description: Human capital is an important economic concept. The significance of human resource development, in the form of both education and health, has long been realised and was stressed even in the writings of the early economists. Introduction, p.1
- Full Text:
- Date Issued: 1974
- Authors: Bates, Terrence
- Date: 1974
- Subjects: Human capital -- South Africa , South Africa -- Economic conditions -- 1961-1991
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1064 , http://hdl.handle.net/10962/d1007608 , Human capital -- South Africa , South Africa -- Economic conditions -- 1961-1991
- Description: Human capital is an important economic concept. The significance of human resource development, in the form of both education and health, has long been realised and was stressed even in the writings of the early economists. Introduction, p.1
- Full Text:
- Date Issued: 1974
The economic structure of the Cape Midlands and Karroo Region : a sectoral and spatial survey
- Authors: Blumenfeld, Jesmond P
- Date: 1974
- Subjects: South Africa -- Economic conditions -- 1961-1991 , Regional planning -- South Africa -- Cape Province
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1066 , http://hdl.handle.net/10962/d1007660 , South Africa -- Economic conditions -- 1961-1991 , Regional planning -- South Africa -- Cape Province
- Description: [The] region, as defined, excludes not only these metropolitan areas themselves but also the inner peripheries of their hinterlands. Thus, virtually all areas within regular (i. e. daily) commuting distance of the metropolitan centres, and all areas into which urban development in the latter might 'spill over' in the foreseeable future are excluded. In the case of Metropolitan Port Elizabeth, these exclusions are reflected in the roughly 'crescent-shaped' southern boundary of the region. The situation of the region can further be described in terms of its major physiographic features which reveal a number of factors which are also of importance for understanding and analysing the economy of the area. Intro., p. 1.
- Full Text:
- Date Issued: 1974
- Authors: Blumenfeld, Jesmond P
- Date: 1974
- Subjects: South Africa -- Economic conditions -- 1961-1991 , Regional planning -- South Africa -- Cape Province
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:1066 , http://hdl.handle.net/10962/d1007660 , South Africa -- Economic conditions -- 1961-1991 , Regional planning -- South Africa -- Cape Province
- Description: [The] region, as defined, excludes not only these metropolitan areas themselves but also the inner peripheries of their hinterlands. Thus, virtually all areas within regular (i. e. daily) commuting distance of the metropolitan centres, and all areas into which urban development in the latter might 'spill over' in the foreseeable future are excluded. In the case of Metropolitan Port Elizabeth, these exclusions are reflected in the roughly 'crescent-shaped' southern boundary of the region. The situation of the region can further be described in terms of its major physiographic features which reveal a number of factors which are also of importance for understanding and analysing the economy of the area. Intro., p. 1.
- Full Text:
- Date Issued: 1974
- «
- ‹
- 1
- ›
- »