01723cas a2200253 a 4500 AALejournalIMF002615 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451858976 1018-5941 BD-DhAAL BD-DhAAL Arora, Vivek. Potential Output and total Factor Productivity Growth in Post-Apartheid South Africa / Vivek Arora, Ashok Bhundia. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides estimates of potential output growth in post-apartheid South Africa using both time trend techniques and a production function approach which indicates a potential growth rate of around 3 percent. The implied output gap provides statistically significant information for predicting inflation and could thus provide valuable input for formulating macroeconomic policy. Growth accounting and regression analysis suggest that an increase in trend GDP growth after the end of apartheid in 1994 is attributable to higher TFP growth driven by trade liberalization and greater private sector participation. Mode of access: Internet Bhundia, Ashok. IMF Working Papers; Working Paper ; No. 2003/178 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/178/001.2003.issue-178-en.xml IMF e-Library