The use of a Marshallian macroeconomic model for policy evaluation : case of South Africa
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Date
Authors
Ngoie, Jacques Kibambe
Zellner, Arnold
Journal Title
Journal ISSN
Volume Title
Publisher
Cambridge University Press
Abstract
Using a disaggregated Marshallian macroeconomic model, this paper investigates how the
adoption of a set of “free market reforms” may affect the economic growth rate of South
Africa. Our findings suggest that the institution of the proposed policy reforms would
yield substantial growth in aggregate annual real GDP. The resulting annual GDP growth
rate could range from 5.3% to 9.8%, depending on which variant of the reform policies
was implemented.
Description
Keywords
Marshallian macroeconomic model, Disaggregation, Transfer functions, Macroeconomic policy analysis
Sustainable Development Goals
Citation
Jacques Kibambe Ngoie and Arnold Zellner (2012). The use of a Marshallian macroeconomic model for policy evaluation : case of South Africa. Macroeconomic Dynamics,16, pp 423-448, doi: 10.1017/S1365100510000519.