Trade liberalisation, competitiveness and the real exchange rate (RER) : an analysis of developments in South Africa during the 1990s
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Date
Authors
Rangasamy, L.
Harmse, Chris
Journal Title
Journal ISSN
Volume Title
Publisher
Faculty of Economic and Management Sciences, University of Pretoria
Abstract
This paper tests whether tariff liberalisation has lead to increased competitiveness in the South African economy. The 46 sectors of the South African economy are classified as exportable, importable, importable and exportable and non-tradable. The impact of trade liberalisation on domestic prices for importables and exportables is then assessed by making use of real exchange rate calculations. It is concluded that while increased globalisation of production processes in South Africa may have improved the competitiveness of the tradable sector, tariff liberalisation played a minimal role in improving competitiveness in the manufacturing sector.
Description
Keywords
Trade liberalisation, Competitiveness, Real exchange rate (RER), South African economy
Sustainable Development Goals
Citation
Rangasamy, L & Harmse, C 2003, 'Trade liberalisation, competitiveness and the real exchange rate (RER) : an analysis of developments in South Africa during the 1990s', South African Journal of Economic and Management Sciences, vol. 6, no. 4, pp. 643-665. [http://www.journals.co.za/ej/ejour_ecoman.html]