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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
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
trade and TFP growth both over time and across sectors …
Persistent link: https://www.econbiz.de/10014399824
A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on … their characteristics early in the growth process to create benchmarks with which to evaluate potential constraints on … sustained growth for sub-Saharan Africa. This analysis suggests that what are usually regarded as first-order problems …
Persistent link: https://www.econbiz.de/10014399978
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of openness and forward altruism. We empirically validate these findings by estimating non-hydrocarbon sector growth …
Persistent link: https://www.econbiz.de/10014403180
experienced relatively low and non inclusive economic growth as well as high levels of macroeconomic volatility. Important …
Persistent link: https://www.econbiz.de/10014396612
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