Ngoie, Jacques KibambeZellner, Arnold2012-09-042013-03-232012-03-23Jacques 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/S1365100510000519.1365-1005 (print)1469-8056 (online)10.1017/S1365100510000519http://hdl.handle.net/2263/19702Using 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.en© 2012 Cambridge University PressMarshallian macroeconomic modelDisaggregationTransfer functionsMacroeconomic policy analysisArticle