Policy Papers

It is often argued that since the social return to R&D exceeds the private return, the government should provide incentives for R&D expenditure. This paper considers the issue of the impact of such incentives on the fiscal position of the government, using a simple comparative static model...

South Africa is an open economy, and, therefore, it is affected by what happens in foreign markets. Exports and export growth are cornerstones of South African economic development policy. One of the implications of an export-orientated economy is that many of its SMME manufacturers must, of...

The paper takes stock of South Africa’s past growth experience during the period 1970-2000. It discuses major factors of growth, including physical and human capital, and institutions, and draws conclusions about the constraints to long-run growth in the future. We highlight three main conclusions...

Large cash transfers to elderly South Africans, in the form of government pensions, boost the job prospects of working-age members of their households. In particular, men and women between the ages of 18 and 50, who live in a household with a pensioner, are more likely to become migrant workers...