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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The nature of South Africa's trade patterns by economic sector, and the extent of trade liberalization during the course of the 1990's
Authors:Fedderke, J.ISNI
Vaze, P.
Year:2001
Periodical:South African Journal of Economics
Volume:69
Issue:3
Pages:436-473
Language:English
Geographic term:South Africa
Subjects:trade policy
international trade
External link:https://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2001.tb00021.x/pdf
Abstract:This article examines the changing trade patterns in South Africa's economic sectors over the period 1970-1997, with emphasis on the 1990s, during which time there has been significant trade liberalization. The extent of trade liberalization is calculated using an effective protection rate (EPR) measure. The results show that trade liberalization has been either partial or incomplete. Admittedly effective protection rates are imperfect measures of protection. In the South African context the most important caveat is that they do not correct quantitative restrictions. As one of the most significant features of trade liberalization in South Africa has been the movement from quantitative restrictions to tariff lines, the computed effective protection rates in this article are likely to underestimate the extent of trade liberalization. In terms of the export orientation of South African economic sectors, trade liberalization appears to have improved export performance. Also there is little evidence of harmful import penetration in sectors which have experienced a lowering of effective rates of protection. However, sectors which have liberalized have faced greater increased international competition than those which have experienced increased trade protection. Bibliogr.
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