Zellner, Arnold2010-07-022010-07-022010-06Ngoie, JK & Zellner, A 2010, 'The use of a Marshallian Macroeconomic Model for policy evaluation: case of South Africa', University of Pretoria, Department of Economics, Working paper series, no. 2010-13. [http://web.up.ac.za/default.asp?ipkCategoryID=736&sub=1&parentid=677&subid=729&ipklookid=3]http://hdl.handle.net/2263/14383Using a disaggregated Marshallian Macroeconomic Model (MMM-DA), this paper investigates how the adoption of a set of 'free market reforms' may affect the economic growth rate of South Africa. Accounting for possible side effects mainly on the budget deficit, our findings suggest that the institution of the proposed policy reforms would yield a substantial growth in the aggregate annual real GDP. The resulting GDP growth rate could range from 5.3 percent to 9.8 percent depending on which variant of the reform policies is implemented.enUniversity of Pretoria, Department of EconomicsMarshallian macroeconometric modelDisaggregationTransfer functionsSouth Africa -- Economic policy -- EvaluationEconomic forecasting -- South Africa -- Econometric modelsMacroeconomicsNeoclassical school of economicsFree enterprise -- South AfricaWorking Paper