WP 201403 - The Silent Success: Delivery of Public Assets Since Democracy
Haroon Bhorat, Carlene van der Westhuizen, Derek Yu
Date of Publication:
Most developing economies often yield positive economic growth, which however is simultaneously associated with little or no change in non-income welfare. This paper estimates the extent to which non-income welfare has improved in South Africa, since democracy. The focus is on the public assets, measuring their delivery to the poor between 1993 and 2011. Through utilizing a factor analysis approach for generating an asset index, both the reduction in the incidence of asset poverty as well as measures of the changes in asset inequality since 1993 are estimated.