Browsing Working Papers (Economics) by Title

Browsing Working Papers (Economics) by Title

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  • Inflation and the household : towards a measurement of the welfare costs of inflation 
    Koch, Steven F.; Bosch, Adel (University of Pretoria, Department of Economics, 2009-08)
    This paper considers household expenditure patterns through the estimation of parametric share estimates. The parameters from these expenditure share estimates are then used to simulate the underlying income transfer ...
  • 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 ...
  • 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 ...
  • Is a DFM well-suited for forecasting regional house price inflation? 
    Gupta, Rangan; Das, Sonali; Kabundi, Alain (University of Pretoria, Department of Economics, 2008-06)
    This paper uses the Dynamic Factor Model (DFM) framework, which accommodates a large cross-section of macroeconomic time series for forecasting regional house price inflation. As a case study, we use data on house price ...
  • 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 ...
  • Is increased agricultural protection beneficial for South Africa? 
    Chitiga-Mabugu, Margaret; Mabugu, Ramos (University of Pretoria, Department of Economics, 2007-09)
    This paper focuses on the effects that a higher tariff on agriculture and food imports could have on poverty and the macroeconomy using a top down computable general equilibrium microsimulation model. This question is ...
  • Is the permanent income hypothesis really well-suited for forecasting? 
    Gupta, Rangan; Ziramba, Emmanuel (University of Pretoria, Department of Economics, 2009-03)
    This paper first tests the restrictions implied by Hall’s (1978) version of the permanent income hypothesis (PIH) obtained from a bivariate system of labor income and savings, using quarterly data over the period of 1947:01 ...
  • Is water shedding next? 
    Blignaut, James Nelson; Van Heerden, J.H. (Jan Horn), 1957- (University of Pretoria, Department of Economics, 2009-07)
    South Africa is in the grip of an electricity crisis marked by a euphemism known as load shedding. The demand for electricity has grown to the point that the supply reserve margin is often under threat, necessitating the ...
  • Linking global economic dynamics to a South African specific credit portfolio 
    Van Eyden, Renee; De Wet, Albertus Hendrik (University of Pretoria, Department of Economics, 2007-09)
    Driven by intense competition for market share banks across the globe have increasingly allowed credit portfolios to become less diversified (across all dimensions - country, industry, sector and size) and were willing to ...
  • The long-run impact of inflation in South Africa 
    Amusa, Kafayat; Gupta, Rangan; Karolia, Shaakira; Kengne, Beatrice D. Simo (University of Pretoria, Department of Economics, 2010-12)
    This paper evaluates the hypothesis of long-run super-neutrality of money (LRSN) within the context of the South African economy. The long-run impact of inflation on the interest rate and subsequently, output is estimated ...
  • The long-run relationship between inflation and real stock prices : empirical evidence from South Africa 
    Botes, Mariette; Chesang, Laban K.; Gupta, Rangan; Arjoon, Riona (University of Pretoria, Department of Economics, 2010-12)
    The existing literature on the theoretical relationship between the rate of inflation and real stock prices in an economy has shown varied predictions about the long run effects of inflation on real stock prices. In this ...
  • 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 ...
  • Market microstructure approach to the exchange rate determination puzzle 
    Gupta, Rangan; Van Eyden, Renee; Mokoena, Thabo Mishack (University of Pretoria, Department of Economics, 2008-06)
    The market microstructure approach has been applied to the three major puzzles of exchange rate economics: the forward bias puzzle, the excess volatility puzzle, and the exchange rate determination puzzle. It claims that ...
  • Measuring the determinants of educational spending in Africa 
    Akanbi, Olusegun Ayodele; Schoeman, N.J. (Nicolaas Johannes) (University of Pretoria, Department of Economics, 2007-05)
    This paper reports on research aimed at measuring the determinants of education spending in Africa and secondly, investigates whether expenditure on education in Africa optimizes social welfare. The empirical estimations ...
  • Measuring the welfare cost of inflation in South Africa : a reconsideration 
    Gupta, Rangan; Uwilingiye, Josine (University of Pretoria, Department of Economics, 2008-06)
    In this paper, using the Fisher and Seater (1993) long-horizon approach, we estimate the long-run equilibrium relationship between money balance as a ratio of income and the Treasury bill rate for South Africa over the ...
  • Misalignment in the growth-maximizing policies under alternative assumptions of tax evasion 
    Gupta, Rangan; Ziramba, Emmanuel (University of Pretoria, Department of Economics, 2008-06)
    Using an overlapping generations monetary endogenous growth model, we analyze the possible misalignment in the growth-maximizing policies if tax evasion is assumed to be exogenous instead of being treated as a behavioral ...
  • Mobilising tax revenue to finance development : the case of property taxation in francophone Africa 
    Monkam, Nara F. (University of Pretoria, Department of Economics, 2010-11)
    In the context of a widespread focus on decentralisation in Africa, there has been an imperative to find suitable ways to maximise potential own revenue sources at all sub-national government levels. This need in particular ...
  • 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. ...
  • Modelling and forecasting the metical-rand exchange rate 
    Gupta, Rangan; Zita, Samuel (University of Pretoria, Department of Economics, 2007-02)
    This paper investigates the ability of the Dornbusch (1976) sticky-price model for the nominal metical-rand exchange rate, over the period 1994:1-2005:4 in explaining the exchange rate movements of Mozambique. Based on ...
  • Modelling monetary policy in South Africa : focus on inflation targeting era using a simple learning rule 
    Naraidoo, Ruthira; Gupta, Rangan (University of Pretoria, Department of Economics, 2009-01)
    A simple empirical nonlinear framework is used to analyse monetary policy between 1983 and 2007 in South Africa, focusing on the policy of inflation targeting introduced in Feb 2000, more precisely when the South African ...