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dc.contributor.authorHeise, Arneen_US
dc.date.accessioned2007-04-25en_US
dc.date.accessioned2009-08-06T11:16:21Z-
dc.date.available2009-08-06T11:16:21Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/27090-
dc.description.abstractPost-apartheid South Africa is facing three major economic problems: (1) slack economic growth, (2) high and growing unemployment and (3) among the world's highest income inequality and poverty indices. South Africa is currently caught in a macro-economic straight-jacket of tight monetary, restrictive fiscal and a wage policy stance that raises NAIRU. The persistence of a sub-optimal 'market constellation' is created by an institutional setting of a non-accommodative Reserve Bank, a sectoral-regional and company level noncoordinated collective bargaining system, an austere 'sound finance regime' of public budgeting and the lack of any institution to co-ordinate macro-economic policy. To tailor a better fitting constellation, a social contract involving major reforms in macro-economic governance in South Africa is proposed.en_US
dc.language.isoengen_US
dc.publisherUniv., Dep. Wirtschaft und Politik Hamburgen_US
dc.relation.ispartofseriesArbeitspapiere für Staatswissenschaft 22en_US
dc.subject.jelE12en_US
dc.subject.jelE24en_US
dc.subject.jelE6en_US
dc.subject.jelO1en_US
dc.subject.jelO23en_US
dc.subject.ddc330en_US
dc.subject.keywordMonetary Policyen_US
dc.subject.keywordfiscal policyen_US
dc.subject.keywordwage policyen_US
dc.subject.keywordmacro-economic co-ordinationen_US
dc.subject.stwWirtschaftsreformen_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwFinanzpolitiken_US
dc.subject.stwLohnpolitiken_US
dc.subject.stwKonjunkturpolitiken_US
dc.subject.stwWachstumspolitiken_US
dc.subject.stwSüdafrikaen_US
dc.titleHow to create a growth-oriented market constellation for South Africaen_US
dc.typeWorking Paperen_US
dc.identifier.ppn527782319en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:uhhafs:22-
Appears in Collections:Arbeitspapiere für Staatswissenschaften - Working Papers on Economic Governance, FB Sozialökonomie der Universität Hamburg

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