Browsing Working Papers (Economics) by Issue Date

Browsing Working Papers (Economics) by Issue Date

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  • Bank lending channel in South Africa : bank-level dynamic panel data analysis 
    Sichei, Moses Muse (University of Pretoria, Department of Economics, 2005-11)
    The paper investigates the bank-lending channel (BLC) of monetary policy in South Africa using quarterly bank-level data for the period 2000Q1-2004Q4. Capital adequacy and bank size are used as indicators for information ...
  • An augmented gravity model of South Africa's exports of transport equipments and machineries 
    Sichei, Moses Muse; Erero, Jean Luc; Gebreselasie, Tewodros G. (University of Pretoria, Department of Economics, 2005-12)
    The study applies an “augmented” gravity equation to South Africa’s exports of motor vehicles, parts & accessories (SIC 381-383) to 76 countries over the period 1994 to 2003. The study employs a dynamic panel data model ...
  • Technical barriers to trade faced by South African SMME's 
    Peet, Michael Andrew; Koch, Steven F. (University of Pretoria, Department of Economics, 2005-12)
    South Africa is an open economy, and, therefore, it is affected by what happens in foreign markets. Exports and export growth are cornerstones of South African economic development policy. One of the implications of ...
  • Love and addiction : the importance of commitment 
    Koch, Steven F. (University of Pretoria, Department of Economics, 2005-12)
    The bilaterally monopolistic nature of relationships between partners, combined with the addictive nature of love, which represents the emotion people feel during the course of a relationship, results in love growth when ...
  • An econometric model of rand-US dollar nominal exchange rate 
    Sichei, Moses Muse; Gebreselasie, Tewodros G.; Akanbi, Olusegun Ayodele (University of Pretoria, Department of Economics, 2005-12)
    Modeling the nominal exchange rate has been one of the most difficult exercises in economics. This paper attempts to estimate the nominal rand-USD exchange rate under the Dornbusch(1980) and Frankel (1979) overshooting ...
  • Investigating the bank lending channel in South Africa : a VAR approach 
    Ludi, Kirsten L.; Ground, Marc (University of Pretoria, Department of Economics, 2006-02)
    The monetary policy transmission mechanism can broadly be categorised into three separate channels: the interest rate channel, the credit channel and the other asset price channel. This paper seeks to examine the ...
  • Quantifying the potential of restored natural capital to alleviate poverty and help conserve nature : a case study from South Africa 
    Blignaut, James Nelson; Moolman, Christina Elizabeth (University of Pretoria, Department of Economics, 2006-02)
    The question addressed in this chapter is whether a community conservation initiative (coupled with the restoration of degraded land) can be considered a feasible alternative land use option compared to subsistence ...
  • Estimating the equilibrium real exchange rate for Namibia 
    Eita, Joel Hinaunye; Sichei, Moses Muse (University of Pretoria, Department of Economics, 2006-02)
    This paper estimates the equilibrium real exchange rate and the resulting real exchange rate misalignment in Namibia during the period 1970 to 2004. The equilibrium real exchange rate is determined by trade and exchange ...
  • Modeling the marginal revenue of water in selected agricultural commodities : a panel data approach 
    Blignaut, James Nelson; Van Eyden, Renee; Moolman, Christina Elizabeth (University of Pretoria, Department of Economics, 2006-02)
    South Africa is a water-stressed country where water availability is an important constraint to economic and social development, and will become even more so in the future if this scarce resource is not managed effectively. ...
  • Does South Africa have the potential and capacity to grow at 7 per cent? : a labour market perspective 
    Van Eyden, Renee; Du Toit, Charlotte Barbara; Ground, Marc (University of Pretoria, Department of Economics, 2006-02)
    Facing the challenge to adjust, the question is to what extent South African markets, specifically labour and investment markets, are flexible enough to enhance its global competitiveness, without having to revert to inward ...
  • Foreign direct investment : South Africa's elixir of life? 
    Moolman, Christina Elizabeth; Roos, E.L.; Le Roux, J.C.; Du Toit, Charlotte Barbara (University of Pretoria, Department of Economics, 2006-02)
    Foreign direct investment (FDI) has of late been revered as the solution to a great deal of the developing world’s problems. This paper seeks to examine the macroeconomic link between foreign direct investment in South ...
  • Consumption behaviour in Zambia : the linkage to poverty alleviation? 
    Ludi, Kirsten L. (University of Pretoria, Department of Economics, 2006-02)
    In order to be able to suggest viable solutions to the overwhelming problem of poverty on the African continent, it is first necessary to know exactly what is causing that poverty. It is the intention of this paper to ...
  • Growth-effects of inflation targeting : the role of financial sector development 
    Gupta, Rangan (University of Pretoria, Department of Economics, 2006-03)
    The paper develops a dynamic general equilibrium monetary endogenous growth model of a closed economy inhabited by consumers, firms, a Cournotian monopolistically competitive banking system, besides, an inflation-targeting ...
  • Is fiscal policy sustainable in South Africa? : an application of the econometric approach 
    Tshiswaka-Kashalala, Gauthier (University of Pretoria, Department of Economics, 2006-06)
    The question of fiscal sustainability is very important for adequate macroeconomic management. This paper analyses the sustainability of the government of South Africa’s fiscal policies during the period 1990-2005 using ...
  • Using a static micro-simulation model to evaluate the South African income tax system 
    Thompson, Kirsten L.; Schoeman, N.J. (Nicolaas Johannes) (University of Pretoria, Department of Economics, 2006-06)
    The purpose of this study is to develop a static micro-simulation model (MSM) of personal income tax in South Africa.
  • An endogenous growth model of a financially repressed small open economy 
    Gupta, Rangan; Goswami, Samrat (University of Pretoria, Department of Economics, 2006-07)
    The paper develops a monetary endogenous growth model of a financially repressed small open economy, characterized by curb markets, capital mobility, transaction costs in domestic and foreign capital markets, and a flexible ...
  • Financial liberalization and a possible growth-inflation trade-off 
    Gupta, Rangan (University of Pretoria, Department of Economics, 2006-08)
    The negative relationship between growth and inflation is well-documented in the literature. However, recent evidence tends to indicate the possibility of a growth-inflation trade-off. This paper attempts to provide a ...
  • Active versus passive policies of unemployment : growth and public finance perspectives 
    Gupta, Rangan; Du Toit, Charlotte Barbara (University of Pretoria, Department of Economics, 2006-10)
    This paper develops a general equilibrium endogenous growth model in an overlapping generations framework, and compares, in terms of economic growth, a passive unemployment policy (unemployment insurance) with an ...
  • An investigation of openness and growth using panel estimation 
    Gupta, Rangan; Chen, Pei-Pei (University of Pretoria, Department of Economics, 2006-11)
    This paper examines the impact of trade openness on economic growth for the SADC region in Africa over the period of 1990 to 2003. Based on a structure consistent with the endogenous growth theory, we find that trade ...
  • R&D, openness, and growth 
    Gupta, Rangan; Chen, Pei-Pei (University of Pretoria, Department of Economics, 2006-12)
    Recent studies have pointed out that trade liberalisation leads to technological spillovers, which, in turn, tend to improve the efficiency of the domestic Research and Development (R&D) sector, and ultimately boost ...