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What Does South Africa's Pattern of Trade Say About its Labor Markets?

Subramanian, Arvind - 2001

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

Sources of Nominal Exchange Rate Fluctuations in South Africa

Gottschalk, Jan - 2003

rates in South Africa and the United States, along with growth rates in both narrow and broad monetary aggregates in South …

Persistent link: https://www.econbiz.de/10014403865

Estimation of the Equilibrium Real Exchange Rate for South Africa

MacDonald, Ronald - 2003

Based on the Johansen cointegration estimation methodology, much of the long-run behavior of the real effective exchange rate of South Africa can be explained by real interest rate differentials, GDP per capita (both relative to trading partners), real commodity prices, trade openness, the...

Persistent link: https://www.econbiz.de/10014403906

The Quest for Non-Resource-Based FDI : Do Taxes Matter?

Kinda, Tidiane - 2014

Using manufacturing and services firm-level data for 30 sub-Saharan African (SSA) countries, this paper shows that taxation is not a significant driver for the location of foreign firms in SSA, while other investment climate factors, such as infrastructure, human capital, and insitutions, are....

Persistent link: https://www.econbiz.de/10014394326

Estimating the Implicit Inflation Target of the South African Reserve Bank

Klein, Nir - 2012

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

Output, Employment and Financial Sanctions in South Africa

Bayoumi, Tamim - 1990

The effects of the marked slowdown in the growth of the capital stock in South Africa since 1985, associated with … political uncertainty and financial sanctions, and future growth prospects are quantified using a modified version of the Lewis … the growth rata of the capital stock leads to at 0.8 percent change in output growth, and hence the fall in investment …

Persistent link: https://www.econbiz.de/10014395853

Disequilibrium in the Labor Market in South Africa

Chadha, Bankim - 1994

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014395963

Real Wage, Labor Productivity, and Employment Trends in South Africa : A Closer Look

Klein, Nir - 2012

-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

Fiscal Policies and Rules in the Face of Revenue Volatility within Southern Africa Customs Union Countries (SACU)

Basdevant, Olivier - 2012

Following the onset of the global economic crisis in 2008, SACU member countries have witnessed a significant growth … has taken place. The main messages are: (i) government consumption cuts appears to minimize the negative impact on growth …

Persistent link: https://www.econbiz.de/10014396653

Performance of Fiscal Accounts in South Africa in a Cross-Country Setting

Aydin, Burcu - 2010

This paper analyzes the cyclical fluctuations in South Africa in a cross-country context, and studies the impact of the output gap by controlling for export intensity, the debt burden, asset prices, and banking crises. Results show that South Africa’s revenue performance was outstanding during...

Persistent link: https://www.econbiz.de/10014397546