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Competition, Industrial structure and Economic Growth
Fedderke, J.W. - Economic Research Southern Africa (ERSA) - 2013
This paper takes as its starting point established findings on industrial conduct as measured by pricing power in South African industry. The South African findings are contrasted with recent results derived from firm-level data from China and India. A stark contrast emerges between China, with...
Persistent link: https://www.econbiz.de/10010610286
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On the Looting of Nations
Sarr, Mare; Bulte, Erwin; Meissner, Chris; Swanson, Tim - Economic Research Southern Africa (ERSA) - 2010
We develop a dynamic discrete choice model of an unchecked ruler making decisions regarding the development of a resource-rich country. Resources serve as collateral and facilitate the acquisition of loans. The ruler chooses either to stay in power while facing the risk of being ousted, or loot...
Persistent link: https://www.econbiz.de/10008643861
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The Welfare Cost of Banking Regulation
Tchana, Fulbert Tchana - Economic Research Southern Africa (ERSA) - 2009
The Basel Accords promote the adoption of capital adequacy requirements to increase the banking sector's stability. Unfortunately, this type of regulation can hamper economic growth by shifting banks' portfolios from more productive, risky investment projects toward less productive but safer...
Persistent link: https://www.econbiz.de/10008563363
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Political transition in a small open economy: Retracing the economic trail of South Africa’s long walk to democracy
Bedasso, Biniam E. - Economic Research Southern Africa (ERSA) - 2014
This paper seeks to offer an economic explanation for the emergence of democracy in societies with high income inequality and narrow middle-class such as Apartheid South Africa. The presence of a credible threat of capital flight is shown to render democracy less unpleasant to the elites by...
Persistent link: https://www.econbiz.de/10011133844
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An Examination of Sub-National Growth in Nigeria: 1999 - 2012
Obikili, Nonso - Economic Research Southern Africa (ERSA) - 2014
I use satellite imagery on night time lights to measure growth across states and local government areas in Nigeria … since the return of democracy in 1999. I show that states in Southern Nigeria have grown faster on average than states in … coefficients to estimate GDP growth for states and local government areas in Nigeria over the period. …
Persistent link: https://www.econbiz.de/10010885333