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The Composition of Capital Flows : Is South Africa Different?
Funke, Norbert - 2005
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
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Commodity prices and exchange rate volatility : lessons from South Africa’s capital account liberalization
Arezki, Rabah; Dumitrescu, Elena-Ivona; Freytag, Andreas; … - 2012
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
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Resource windfalls, macroeconomic stability and growth : the role of political institutions
Arezki, Rabah - 2011
Persistent link: https://www.econbiz.de/10009424793
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Tourism Specialization and Economic Development : Evidence from the UNESCO World Heritage List
Piotrowski, John M. - 2009
standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques … economic growth. An increase of one standard deviation in the share of tourism in exports leads to about 0.5 percentage point … in additional annual growth, everything else being constant. Our result holds against a large array of robustness checks …
Persistent link: https://www.econbiz.de/10014402466
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An Alternative Explanation for the Resource Curse : The Income Effect Channel
Alichi, Ali - 2009
of openness and forward altruism. We empirically validate these findings by estimating non-hydrocarbon sector growth …
Persistent link: https://www.econbiz.de/10014403180
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Commodity Windfalls, Polarization, and Net Foreign Assets : Panel Data Evidenceon the Voracity Effect
Bruckner, Markus - 2010
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
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Resource Windfalls, Macroeconomic Stability and Growth : The Role of Political Institutions
Kazimov, Kazim - 2011
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