Showing 1 - 10 of 10
This paper measures the extent to which South African economic growth is an engine of growth in sub-Saharan Africa …. Results based on panel data estimation for 47 African countries over four decades suggest that South African growth has a … substantial positive impact on growth in the rest of Africa, even after controlling for other growth determinants. The estimates …
Persistent link: https://www.econbiz.de/10014400625
This paper provides estimates of potential output growth in post-apartheid South Africa using both time trend … techniques and a production function approach which indicates a potential growth rate of around 3 percent. The implied output gap … macroeconomic policy. Growth accounting and regression analysis suggest that an increase in trend GDP growth after the end of …
Persistent link: https://www.econbiz.de/10014403846
This paper applies a state-space approach to estimate the implicit inflation target of the South African Reserve Bank (SARB) since the adoption of the Inflation Targeting (IT) framework. The paper's findings are two. First, although the official inflation target range is 3.6 percent, in...
Persistent link: https://www.econbiz.de/10009621000
Persistent link: https://www.econbiz.de/10009614696
a similar trajectory over time, seem to have a powerful predictive information for the near-term GDP growth (up to four … relatively high predictive power regarding GDP growth, a further deterioration may imply that economic activity is likely to slow …
Persistent link: https://www.econbiz.de/10012694090
Persistent link: https://www.econbiz.de/10009423213
The study looks at the cyclical behavior of the markups and assesses its impact on inflation dynamics. The analysis finds that the aggregate level of the private sector''s markup is relatively high, thus pointing to the lack of strong competition in South Africa''s product markets. Additionally,...
Persistent link: https://www.econbiz.de/10014398328
The transparency of monetary policy in South Africa has increased substantially since the end of the 1990s; but little empirical work has been done to examine the economic benefits of the increased transparency. This paper shows that, in recent years, South African private sector forecasters...
Persistent link: https://www.econbiz.de/10014400438
This paper applies a state-space approach to estimate the implicit inflation target of the South African Reserve Bank (SARB) since the adoption of the Inflation Targeting (IT) framework. The paper's findings are two. First, although the official inflation target range is 3.6 percent, in...
Persistent link: https://www.econbiz.de/10014395678
-shedding observed during the recent financial crisis. The paper finds that the rapid growth of the real wage, which outpaced the labor … productivity growth in most sectors, played an important role in suppressing employment creation. The paper also finds that while … and thus contribute to a weak link between real wage growth and labor productivity growth in the short term. This finding …
Persistent link: https://www.econbiz.de/10014396652