Analysing the effects of public expenditure on economic growth in South Africa

Abstract

Since the commencement of South Africa’s democracy in 1994, South Africa has made tremendous progress with a focus on sustainable economic growth. Due to data limitations because of the Covid-19 pandemic, the study drew on quarterly data for the period 1997 to 2018 to examine the effect of public investment on economic growth in South Africa. The study drew data from World Bank and The International Monetary Fund, making use of real gross domestic production, general government capital stock, private capital stock, research and development and total employment were used. The analysis was conducted with the use of EViews 12.