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The Cape of Perfect Storms: Colonial Africa’s first financial crash, 1788-1793
Havemann, Roy; Fourie, Johan - Economic Research Southern Africa (ERSA) - 2015
This paper investigates the causes and consequences of colonial Africa’s first financial crash, which happened in South Africa’s Dutch Cape Colony. The 1788–1793 crisis followed a common sequence of events: trade and fiscal deficits were monetized by printing money, credit...
Persistent link: https://www.econbiz.de/10011265449
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How Does Colonial Origin Matter for Economic Performance in sub-Saharan Africa?
Agbor, J.A.; Fedderke, J. W.; Viegi, N. - Economic Research Southern Africa (ERSA) - 2010
This paper investigates the channels through which colonial origin affects economic outcomes in sub-Saharan Africa (SSA … growth path, the methodology that we apply in this paper combines (1) the pre-colonisation initial conditions, (2) the … knowledge, to simultaneously examine a range of feasible transmission channels between colonial origin and economic growth …
Persistent link: https://www.econbiz.de/10008516088
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Infrastructure and Growth in South Africa: Direct and Indirect Productivity Impacts of 19 Infrastructure Measures
Fedderke, Johannes; Željko Bogetic - Economic Research Southern Africa (ERSA) - 2005
Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous … infrastructure overprovision, simultaneity between infrastructure provision and growth, and the possibility of multiple (hence … utilizing panel data for South Africa over the 1970-2000 period, and arrange of 19 infrastructure measures. Utilizing a number …
Persistent link: https://www.econbiz.de/10008594432
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Constructing Institutional Measures: Indicators of Political and Property Rights in Mozambique, 1900-2005
Luiz, John Manuel; Pereira, Luis Brites; Oliveira, Guilherme - Economic Research Southern Africa (ERSA) - 2011
In this paper we focus on the role of political and economic institutions in Mozambique’s development. We produce a … growth and development in Mozambique over time. …
Persistent link: https://www.econbiz.de/10009246579
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The Legacy of Historical Conflict Evidence from Africa
Besley, Timothy; Reynal-Querol, Marta - Economic Research Southern Africa (ERSA) - 2013
This paper exploits variation between and within countries to examine the legacy of recorded conflicts in Africa in the …
Persistent link: https://www.econbiz.de/10010610287
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An Economic Model of the Apartheid State
Lowenberg, Anton D. - Economic Research Southern Africa (ERSA) - 2014
Rather than a rigid racial ideology, it is argued that South African apartheid was a pragmatic response of a white oligarchy to changing economic and political constraints. Consequently, the degree to which apartheid principles were applied and enforced by the South African state varied over...
Persistent link: https://www.econbiz.de/10010929135
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A Theory of Colonial Governance
Agbor, J.A.; Fedderke, J. W.; Viegi, N. - Economic Research Southern Africa (ERSA) - 2010
This paper considers conditions of optimality in a co-optive strategy of colonial rule. It proposes a simple model of elite formation emanating from a coloniser's quest to maximise extracted rents from its colonies. The results suggest multiple optimal solutions, depending on the specification...
Persistent link: https://www.econbiz.de/10008516087
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Macroeconomic Uncertainty in South Africa
Redl, Chris - Economic Research Southern Africa (ERSA) - 2015
This paper develops a new index of economic uncertainty for South Africa for the period 1990-2014 and analyses the … count of international and local newspaper articles discussing economic uncertainty in South Africa and (3) mentions of …
Persistent link: https://www.econbiz.de/10011204514
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Towards a Measure of Core Inflation using Singular Spectrum Analysis
Ruch, Franz; Bester, Dirk - Economic Research Southern Africa (ERSA) - 2011
This paper constructs a number of possible core measures of annual inflation using Singular Spectrum Analysis (SSA). Annual inflation is decomposed into its trend, oscillating and noise components in order to develop an understanding of the trend and cyclicality in South African headline...
Persistent link: https://www.econbiz.de/10009369291
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Anatomy of the Southern African Customs Union: Structure and Revenue Volatility
Ngalawa, Harold P.E. - Economic Research Southern Africa (ERSA) - 2013
possible springboard for larger regional trading blocs in Africa. The study further explores evidence of declining SACU revenue … instabilities arising from global business cycles more than it does South Africa. …
Persistent link: https://www.econbiz.de/10011133861