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Price Discovery and Price Risk Management Before and After Deregulation of the South African Maize Industry
Behar, Alexander - Economic Research Southern Africa (ERSA) - 2011
The withdrawal of the Maize Board in 1996 meant that farmers could no longer rely on its pre-planting price or “voorskot†for price discovery and price risk management. Some have claimed (UNCTAD, 2007) that the South African Futures Exchange (SAFEX) can provide these functions. We test...
Persistent link: https://www.econbiz.de/10011133841
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Institutional Quality and Debt Relief: A Political Economy Approach
Akoto, William - Economic Research Southern Africa (ERSA) - 2013
Recent shifts in the global debt relief architecture has meant that countries with superior institutions are often rewarded with increasinf aid and debt relied, an incentive for debtor countries to strategically improve their institutions prior to seeking debt relief. This paper contributes to...
Persistent link: https://www.econbiz.de/10010640960
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Monetary Policy Response to Foreign Aid in an Estimated DSGE Model of Malawi
Mwabutwa, Chance; Bittencourt, Manoel; Viegi, Nicola - Economic Research Southern Africa (ERSA) - 2013
This paper estimates a Bayesian Dynamic Stochastic General Equilibrium (DSGE) model of Malawi and uses it to account … existence of a “Dutch Disease†following an increase in foreign aid and examines the Reserve Bank of Malawi (RBM) reaction to … monetary policy to aid inflows. It also shows that a ‘Dutch Disease’ did not exist in Malawi because aid inflows were found …
Persistent link: https://www.econbiz.de/10011133838
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A regional perspective on Aid and FDI in Southern Africa
Bezuidenhout, Henri - Economic Research Southern Africa (ERSA) - 2009
During the last decade international aid flows diminished while Africa’s relative share of global foreign direct investment (FDI) declined. This went together with lacklustre growth and low human development levels. In 2005, the G8 countries announced that they would increase aid to...
Persistent link: https://www.econbiz.de/10008563265
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Is Democracy Eluding Sub-Saharan Africa?
Chisadza, Carolyn; Bittencourt, Manoel - Economic Research Southern Africa (ERSA) - 2014
This paper analyses the modernisation hypothesis in the sub-Saharan African region. Using a sample of 48 countries from 1960 to 2010 and dynamic panel data analysis, we find a significant and negative relationship between income and democracy, an indication that the hypothesis may not hold in...
Persistent link: https://www.econbiz.de/10010885332
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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 the North. I also evaluate the effects of violence on...
Persistent link: https://www.econbiz.de/10010885333
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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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The Strategic Location of Regional Headquarters for Multinationals in Africa
Luiz, John M.; Radebe, Busi - Economic Research Southern Africa (ERSA) - 2012
The study investigates the criteria used by multinational companies to identify the locations of their African regional headquarters (RHQs) and the importance that multinational companies assign to the respective regional offices. We find that multinationals do assign value to their RHQs but are...
Persistent link: https://www.econbiz.de/10010540155
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The Exchange Rate, Dutch Disease and Manufacturing in South Africa: What do the Data Say?
Hodge, Duncan - Economic Research Southern Africa (ERSA) - 2012
The Dutch disease argument suggests that in commodity exporting countries "overvaluation" of the currency due to increases in commodity prices harms manufacturing even though the economy as a whole benefits, led by the booming natural resources sector. The relationship between the real exchange...
Persistent link: https://www.econbiz.de/10010548018
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Determinants of Foreign Direct Investment of South African Telecommunications Firms into Sub-Saharan Africa
Luiz, John M.; Stephan, Henry - Economic Research Southern Africa (ERSA) - 2011
The study investigates the main factors considered by South African telecommunications firms when making a decision to undertake Foreign Direct Investment (FDI) into Sub-Saharan Africa (SSA). This encompasses the reasons for investing, the methods of entry into the identified market and the...
Persistent link: https://www.econbiz.de/10009246578