Even with the end of apartheid in South Africa, the impact of apartheid-like policies on economic growth remains an important policy issue. Our results, from two panels of ‘peer’ countries, which were roughly comparable to South Africa, show that apartheid policies that led to insufficient...

Existing literature on housing prices is predominantly in a linear framework, and an important question that has not been addressed is whether housing prices exhibit nonlinearity. We examine Smooth Transition Autoregressive (STAR) model based nonlinear properties of housing prices over the...