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Measuring potential output for the South African economy: Embedding information about the financial cycle

Kemp, Harri - Department of Economics, Fakulteit Ekonomiese en … - 2014

In a recent paper, Borio et al (2013a) show that information embedded in the financial cycle can serve to improve measures of potential output and output gaps. It is argued that output may be on an unsustainable path despite low and stable inflation if financial imbalances are accumulating....

Persistent link: https://www.econbiz.de/10010834042

Economic Crises, Stabilisation Policy and Output in Emerging Market Economies

Toit, Leon du - Department of Economics, Fakulteit Ekonomiese en … - 2009

The recent macroeconomic history of emerging market economies is coloured with economic crises of all kinds, ranging from debt-crises, through hyperinflationary periods to currency crises to name but a few. Much of the empirical literature notes that alongside fast-paced structural change this...

Persistent link: https://www.econbiz.de/10004967284

Identifying aggregate supply and demand shocks in South Africa

Plessis, Stan du; Smit, Ben; Sturzenegger, Federico - Department of Economics, Fakulteit Ekonomiese en … - 2007

This paper uses a structural VAR methodology to identify aggregate demand and supply shocks to real output for the South African economy. Demand shocks, in turn, are separated into fiscal and monetary shocks. The model is estimated with quarterly data over two overlapping samples: 1960Q2-2006Q4...

Persistent link: https://www.econbiz.de/10005187828

Estimating potential output and output gaps for the South African economy

Smit, Ben; Burrows, Le Roux - Department of Economics, Fakulteit Ekonomiese en … - 2002

An economy's level of potential output plays a central (and critical) role in the formulation of monetary policy focused on maintaining low and stable inflation. Assuming that potential output is determined mainly by the quantity and quality of its productive factors and the level of technology,...

Persistent link: https://www.econbiz.de/10005523216

The sources of comparative advantage in tourism

Toit, Leon du; Fourie, Johan; Trew, Devon - Department of Economics, Fakulteit Ekonomiese en … - 2010

Tourism flows are usually explained through demand-side factors such as income growth in developed economies and … comparative advantage in the export of travel services (tourism). Consequently, the paper seeks to identify the sources of this … Ricardian comparative advantage, plus measures of infrastructure, health, safety and security, tourism prioritization, and …

Persistent link: https://www.econbiz.de/10008497862

Evaluating Africa’s comparative advantage in travel service exports

Fourie, Johan - Department of Economics, Fakulteit Ekonomiese en … - 2009

This paper tests the hypothesis that African countries reveal a comparative advantage in travel service exports empirically. The UNCTAD 2007 Handbook of Statistics (2008) is used to calculate revealed comparative advantage for 186 countries over 10 tradable service sectors using three different...

Persistent link: https://www.econbiz.de/10005650430

The impact of mega-sport events on tourist arrivals

Fourie, Johan; Santana-gallego, María - Department of Economics, Fakulteit Ekonomiese en … - 2010

. Using a standard gravity model of bilateral tourism flows between 200 countries from 1995 to 2006, this paper measures a … that mega-events promote tourism but the gain varies depending on the type of mega-event, the participating countries, the …

Persistent link: https://www.econbiz.de/10008677755