Impact of Trade Liberalisation on Economic Growth: South Africa's automotive perspective

Simple item page
dc.contributor.advisorKabinga, Mundia
dc.contributor.authorLibazi, Nomfundo
dc.date.accessioned2025-03-03T13:22:13Z
dc.date.available2025-03-03T13:22:13Z
dc.date.issued2024
dc.date.updated2025-03-03T13:12:31Z
dc.description.abstractThis study examines the impact of trade liberalisation policies on the economic growth of South Africa's automotive industry within the context of international trade. The study aims to investigate the effects of trade openness policy on the automotive industry's development and economic growth. The study uses the Vector Error Correction Model (VECM) to examine the relationship between trade liberalisation and economic growth. Time series data from Q1 1992 to Q4 2021 is used for the study to reshape conventional theories and inspire further research. The findings reveal a negative correlation between trade openness and economic growth in the long-run despite increased exports due to liberalisation policies. Even when the study adjusts the lagged results from 6 to 2, the impact is the same. This correlation is attributed to workforce limitations and an underdeveloped local supplier base. Results are validated through diagnostic tests, displaying significant and robust evidence. Given the divergence in the findings, further research is needed to better understand the results. Policymakers should concentrate on skills and human capital development to improve the technical and absorption capability of the local market. Skills and human capital development ensure that industry benefits from technological diffusions flowing from international trade. Supportive industrial policies aligned with long-term liberalisation strategies can upgrade and capture a greater value-added share within value chains.
dc.identifier.apacitationLibazi, N. (2024). <i>Impact of Trade Liberalisation on Economic Growth: South Africa's automotive perspective</i>. (). University of Cape Town ,Faculty of Commerce ,Graduate School of Business (GSB). Retrieved from http://hdl.handle.net/11427/41079en_ZA
dc.identifier.chicagocitationLibazi, Nomfundo. <i>"Impact of Trade Liberalisation on Economic Growth: South Africa's automotive perspective."</i> ., University of Cape Town ,Faculty of Commerce ,Graduate School of Business (GSB), 2024. http://hdl.handle.net/11427/41079en_ZA
dc.identifier.citationLibazi, N. 2024. Impact of Trade Liberalisation on Economic Growth: South Africa's automotive perspective. . University of Cape Town ,Faculty of Commerce ,Graduate School of Business (GSB). http://hdl.handle.net/11427/41079en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Libazi, Nomfundo AB - This study examines the impact of trade liberalisation policies on the economic growth of South Africa's automotive industry within the context of international trade. The study aims to investigate the effects of trade openness policy on the automotive industry's development and economic growth. The study uses the Vector Error Correction Model (VECM) to examine the relationship between trade liberalisation and economic growth. Time series data from Q1 1992 to Q4 2021 is used for the study to reshape conventional theories and inspire further research. The findings reveal a negative correlation between trade openness and economic growth in the long-run despite increased exports due to liberalisation policies. Even when the study adjusts the lagged results from 6 to 2, the impact is the same. This correlation is attributed to workforce limitations and an underdeveloped local supplier base. Results are validated through diagnostic tests, displaying significant and robust evidence. Given the divergence in the findings, further research is needed to better understand the results. Policymakers should concentrate on skills and human capital development to improve the technical and absorption capability of the local market. Skills and human capital development ensure that industry benefits from technological diffusions flowing from international trade. Supportive industrial policies aligned with long-term liberalisation strategies can upgrade and capture a greater value-added share within value chains. DA - 2024 DB - OpenUCT DP - University of Cape Town KW - Business LK - https://open.uct.ac.za PB - University of Cape Town PY - 2024 T1 - Impact of Trade Liberalisation on Economic Growth: South Africa's automotive perspective TI - Impact of Trade Liberalisation on Economic Growth: South Africa's automotive perspective UR - http://hdl.handle.net/11427/41079 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/41079
dc.identifier.vancouvercitationLibazi N. Impact of Trade Liberalisation on Economic Growth: South Africa's automotive perspective. []. University of Cape Town ,Faculty of Commerce ,Graduate School of Business (GSB), 2024 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/41079en_ZA
dc.language.rfc3066Eng
dc.publisher.departmentGraduate School of Business (GSB)
dc.publisher.facultyFaculty of Commerce
dc.publisher.institutionUniversity of Cape Town
dc.subjectBusiness
dc.titleImpact of Trade Liberalisation on Economic Growth: South Africa's automotive perspective
dc.typeThesis / Dissertation
dc.type.qualificationlevelMasters
dc.type.qualificationlevelMBA
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
thesis_com_2024_libazi nomfundo.pdf
Size:
9.98 MB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.72 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Masters