"In this paper, the authors describe South Africa's value added tax (VAT), showing that (1) the VAT is mildly regressive, and (2) it is an effective source of government revenue, compared with other tax instruments in South Africa. They evaluate the VAT in the context of other distortions in the...

Technological capabilities are at the center of the new theories of economic growth which focus on technology and human capital as engines of growth. Recent developments in this literature suggest that long-run economic growth, as seen most recently in East Asia, reflects sustained increases in...