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Time-Varying Parameter in the Almost Ideal Demand System and the Rotterdam Model: Will the Best Specification Please Stand Up?
Barnett, William A.; Kalonda-Kanyama, Isaac - Economic Research Southern Africa (ERSA) - 2013
This paper assesses the ability of the Rotterdam model and of three versions of the almost ideal demand system (AIDS … simulations, we nd that the Rotterdam model performs better than the linear-approximate AIDS at recovering the signs of all the … elasticities, even when the true values are very high. The linear-approximate AIDS, not only performs poorly at recovering the time …
Persistent link: https://www.econbiz.de/10010633074
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How the ‘Hand of Henry’ Benefited the South African Economy
Fourie, Johan; Santana-Gallego, María - Economic Research Southern Africa (ERSA) - 2015
This paper highlights an aspect of mega-events that has been neglected: the changing composition of tourist arrivals during and after theevent. The change happens because, in the FIFA World Cup, a quota of countries participates from each continent and this opens up new tourismmarkets. We show...
Persistent link: https://www.econbiz.de/10011204509
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The Migrant Network Effect: An empirical analysis of rural-to-urban migration in South Africa
Stapleton, Caroline - Economic Research Southern Africa (ERSA) - 2015
Recent empirical migration literature in South Africa suggests that access to physical and human capital, in the way of finance and education respectively, are key factors in increasing one’s probability of migrating. This paper attempts to extend this literature by directly measuring the...
Persistent link: https://www.econbiz.de/10011204513
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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 macroeconomic impact of changes in this measure. The index is constructed from three sources: (1) Disagreement among professional forecasters about macroeconomic conditions using...
Persistent link: https://www.econbiz.de/10011204514
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The Expected Well-being of Urban Refugees and Asylum Seekers in Johannesburg
Greyling, Talita - Economic Research Southern Africa (ERSA) - 2015
The influx of asylum seekers and refugees from across Africa to democratic South Africa has increased significantly. The aim of this paper is to determine the factors that influence the ‘expected well-being’ of this unique group. ‘Expected well-being’ is an important...
Persistent link: https://www.econbiz.de/10011204515
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Production, Inequality and Poverty linkages in South Africa
Ngepah, Nicholas - Economic Research Southern Africa (ERSA) - 2011
The Kuznets inequality-development hypothesis can be tested with time-series data rather than the cross-section analyses found in earlier literature. Single-country time-series analysis cannot be done without addressing endogeneity between output and inequality. South Africa has been...
Persistent link: https://www.econbiz.de/10008876346
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Relative standing and subjective well-being in South Africa: The role of perceptions, expectations and income mobility
Posel, Dorrit; Casale, Daniela - Economic Research Southern Africa (ERSA) - 2011
Most studies that explore the impact of relative standing on subjective well-being use objective measures of the individual’s relative position, such as the mean income of the reference group or the individual’s ranking in the relevant income distribution. In this paper, using a...
Persistent link: https://www.econbiz.de/10008876347
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Settler skills and colonial development
Fourie, Johan; Fintel, Dieter von - Economic Research Southern Africa (ERSA) - 2011
The emphasis on location-specific factors, such as climate or disease environment, in the explanation of development outcomes in colonial societies implicitly assumes that settler groups were homogenous. Using tax records, this paper shows that the French Huguenots who immigrated to Dutch South...
Persistent link: https://www.econbiz.de/10009003252
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Talking to the inattentive public: How the media translates the Reserve Bank’s communications
Reid, Monique; Plessis, Stan Du - Economic Research Southern Africa (ERSA) - 2011
Central bank communication is widely recognised as crucial to the implementation of monetary policy. This communication should enhance a central bank’s management of the inflation expectations of the financial markets as well as the general public — the latter being a part of the...
Persistent link: https://www.econbiz.de/10009369289
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The Economics of Information Technology in Public Sector Health Facilities in Developing Countries: The Case of South Africa
Cline, Gregory B.; Luiz, John M. - Economic Research Southern Africa (ERSA) - 2011
The public healthcare sector in developing countries face many challenges, including weak healthcare systems and under resourced facilities that deliver poor outcomes relative to total healthcare expenditure. Healthcare delivery, access to healthcare and cost containment has the potential for...
Persistent link: https://www.econbiz.de/10009319023