Inequalities and Growth in the Southern African Customs Union (SACU) Region

This paper applies the work of Berg and Ostry (2011) to the SACU region, to identify how inequalities have played a role in growth in each of these countries, and elaborates policy options to mitigate the effects of inequalities and foster growth. Lower income inequalities could lead to significant...

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Bibliographic Details
Main Author: Basdevant, Olivier
Other Authors: Benicio, Dalmacio, Yakhshilikov, Yorbol
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a South Africa 
653 |a Migration 
653 |a Income 
653 |a Labour 
653 |a Cross-Country Output Convergence 
653 |a Human capital 
653 |a Income distribution 
653 |a Personal income 
653 |a Human Development 
653 |a Aggregate Productivity 
653 |a Unemployment 
653 |a Aggregate Labor Productivity 
653 |a Skills 
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653 |a Personal Income, Wealth, and Their Distributions 
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653 |a Education 
653 |a Labor Productivity 
653 |a Income Distribution 
653 |a Education: General 
653 |a Economic Development: Human Resources 
653 |a Macroeconomics 
653 |a Measurement of Economic Growth 
653 |a Occupational Choice 
653 |a Wages 
653 |a Income inequality 
653 |a Intergenerational Income Distribution 
653 |a Human Capital 
653 |a Income economics 
653 |a Employment 
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700 1 |a Yakhshilikov, Yorbol 
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520 |a This paper applies the work of Berg and Ostry (2011) to the SACU region, to identify how inequalities have played a role in growth in each of these countries, and elaborates policy options to mitigate the effects of inequalities and foster growth. Lower income inequalities could lead to significant gains, as SACU countries could almost double the duration of their growth periods, with much lower inequalities. While reducing inequalities may be desirable, the design of policies to achieve such objective is not trivial. Policies targeting income inequalities at the sources are expected to be the most effective to reduce inequalities and promote growth. However, direct redistribution, if carefully crafted can also be very effective in reducing inequalities while limiting its potentially negative impact on growth