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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
When faced with a relative price shock, monetary authorities often aim to contain its second round effects on inflation while accepting first round effects. We analyze the experience of South Africa and other inflation targeters to explore whether and when this policy prescription implies...
Persistent link: https://www.econbiz.de/10014401982
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The lack of a clear link between general economic fundamentals and export diversification indicators in the literature has fueled the believe that industrial policies are an absolute requisite to diversify exports. This paper, however, does find a strong statistical connection between horizontal...
Persistent link: https://www.econbiz.de/10012518855
the large debate in the literature regarding their effects on economic growth which is not yet clear-cut. An emerging … economic expansion. Based on neoclassical growth framework, the theoretical model indicates that FDI, ODA, and remittances … improve economic growth, and the size of the effect increases with good absorptive capacity. However, climate shocks reduce …
Persistent link: https://www.econbiz.de/10012605579
effect of gender inequality on industry growth in value-added and labor productivity. Our findings show that gender …We study whether higher gender equality facilitates economic growth by enabling better allocation of a valuable … resource: female labor. By allocating female labor to its more productive use, we hypothesize that reducing gender inequality …
Persistent link: https://www.econbiz.de/10012252673
episodes of growth accelerations and reversals. In this paper we study the role of domestic policies and other structural … attributes in amplifying or mitigating the effect that shifts in external conditions have on growth patterns in emerging market … and developing economies over the past five decades. We find that these economies can enhance the growth impulse from …
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