The issue of inflation expectations has continued to catch the attention of many economic researchers in recent years, due to the mere fact that the public and economic agents’ perceptions about the perceived direction of inflation can significantly influence the inflation rate itself. In an...

Rapid global economic growth, centred in Asia but now spread across the world, is driving rapid greenhouse-gas emissions growth, making earlier projections unrealistic. This paper develops new, illustrative business-as-usual projections for carbon dioxide (CO2) from fossil fuels and other...

China’s current system of fiscal transfers suffers from severe weaknesses. The absence of a clear and coherent principle for distribution of fiscal transfers is a major weakness and results in the current distribution that favors the wealthier provinces. Furthermore, fiscal transfers have...

The determination of optimal financing (optimal capital structure or optimal mix of funds) for corporations is important for efficient corporate governance. Some optimization problems in determining optimal financing for corporations include optimal control, involving a dynamic system with...

Since independence, South Africa has engaged in various bilateral and regional free trade agreements (FTAs) in order to enhance exports diversification and stimulate aggregate growth of trade and productivity. This paper empirically investigates potential economic gains of South Africa (SA)-...

The global economy is being rapidly restructured under the impact of the information technology revolution, moving towards knowledge-intensive economic activities. There is now in the literature a range of theories that provide a rationale for a link between industrial structure and...

When studies of industrial organisation are informed by commodity chain, actor network, or global production network theories and focus on tracing commodity flows, social networks, or a combination of the two, they can easily overlook the less routine trans-sectoral associations that are crucial...

Executive summary: This report documents the continuing growth and transition of the Western Region identified in the 2004 report by the Centre for Strategic Economic Studies (Sheehan and Wiseman 2004). It follows a number of reports about the Region (NIEIR 2004; LeadWest 2008), in each of which...

The starting point for this study is the fact that globalisation and the transition to a knowledge-based economy are driving a transformation of the nature and structure of the world economy. The rise in the knowledge intensity of economic activities and the increasing globalisation of economic...

The disappointing economic performance of Sub-Saharan African (SSA) economies in the late 1980s prompted economic-wide policy reforms in the early 1990s. The primary objectives of these institutional and structural changes were to promote trade and export activities, enhance foreign direct...