Waal, Annari de; Eyden, Renee van; Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2013
This study determines whether the global vector autoregressive (GVAR) approach provides better forecasts of key South African variables than a vector error correction model (VECM) and a Bayesian vector autoregressive (BVAR) model augmented with foreign variables. The paper considers both a small...