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We examine the relationship between South African Rand and gold price volatility using monthly data for the period 1980-2010. Our main findings is that prior to capital account liberalization the causality runs from South African Rand to gold price volatility but the causality runs the other way...
Persistent link: https://www.econbiz.de/10012694114
trade and TFP growth both over time and across sectors …
Persistent link: https://www.econbiz.de/10014399824
Over the past decade, South Africa has attracted relatively little foreign direct investment (FDI), but considerable amounts of portfolio inflows. In this context, the objective of the paper is twofold: to identify the determinants of the level and composition of capital flows to emerging...
Persistent link: https://www.econbiz.de/10014401135
This paper examines the factor intensity of South Africa''s trade. The conclusion is that South Africa is revealed though its trade pattern to be capital abundant (relative to labor). Surprisingly, this result holds especially for South Africa''s trade with its high income partners, which should...
Persistent link: https://www.econbiz.de/10014403673
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overall effect on GDP per capita growth. The paper''s findings are consistent with theoretical models of the current account …
Persistent link: https://www.econbiz.de/10014397619
macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are …. Third, we find that in the long run resource windfalls have negative effects on non-resource sector GDP growth. Yet, the … windfalls on macroeconomic stability and economic growth are moderated by the quality of political institutions …
Persistent link: https://www.econbiz.de/10014399309
We examine the effects of aid on growth-- in cross-sectional and panel data--after correcting for the bias that aid … evidence of a positive (or negative) relationship between aid inflows into a country and its economic growth. We also find no …: what aspects of aid offset what ought to be the indisputable growth enhancing effects of resource transfers? Thus, our …
Persistent link: https://www.econbiz.de/10014400078