Abstract:
Using a disaggregated Marshallian macroeconomic model, this paper investigates how the
adoption of a set of “free market reforms” may affect the economic growth rate of South
Africa. Our findings suggest that the institution of the proposed policy reforms would
yield substantial growth in aggregate annual real GDP. The resulting annual GDP growth
rate could range from 5.3% to 9.8%, depending on which variant of the reform policies
was implemented.
