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The macroeconomic imperatives of growth, employment and redistribution [GEAR] : an analysis of investment and policy choice

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dc.contributor.advisor Prof. L. Greyling en_US
dc.contributor.author Kavese, Kambale
dc.date.accessioned 2012-08-15T06:35:21Z
dc.date.available 2012-08-15T06:35:21Z
dc.date.issued 2012-08-15
dc.date.submitted 1998-10
dc.identifier.uri http://hdl.handle.net/10210/5737
dc.description M.Comm. en_US
dc.description.abstract International studies have indicated that a high ratio of investment relative to Gross Domestic Product (GOP) is one of the most important preconditions for achieving sustainable high economic growth. For the South African economy to achieve a high employment and economic growth rate, it requires two further important factors, namely a sustained increase in productivity and an expansion of production capacity. Poor levels of investment performance, coupled with a lack of skilled labour, are the main reasons for restricted expansion in the country's growth potential and declining job opportunities. Keynes, (1936:30) argued that employment cannot increase without investment increasing, and strongly declared that the level of investment determines the level of employment. In his analysis, Keynes (1936:30) concluded that investment is a driving force for economic growth. Investment expenditure can be divided into four categories: - infrastructural investment in the public sector;- infrastructural investment in residential construction; - business fixed investment; and - the net change in the business inventories. This study examines Gross Domestic Fixed Investment and focuses mainly on private fixed investment as a driving force for economic growth for many years, GOP growth has been declining; unemployment has increased... en_US
dc.language.iso en en_US
dc.subject Reconstruction and Development Programme (South Africa) en_US
dc.subject South Africa - Economic policy en_US
dc.subject Economic development en_US
dc.subject Macroeconomics - South Africa en_US
dc.title The macroeconomic imperatives of growth, employment and redistribution [GEAR] : an analysis of investment and policy choice en_US
dc.type Thesis en_US

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