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Is military spending converging across countries? : an examination of trends and key determinants

Clements, Benedict J.; Gupta, Sanjeev; Khamidova, Saida - 2019

This paper studies the evolution of worldwide military spending during 1970-2018. It finds that military spending in relation to GDP is converging, but into three separate groups of countries. In the largest group, responsible for 90 percent of worldwide spending, outlays have remained...

Persistent link: https://www.econbiz.de/10012103746

China's productivity convergence and growth potential : a stocktaking and sectoral approach

Zhu, Min; Zhang, Longmei; Peng, Daoju - 2019

transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China's convergence progress in … that China's productivity convergence remains at an early stage, with the industrial sector more advanced than services …-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural …

Persistent link: https://www.econbiz.de/10012154921

Fiscal sustainability and the fiscal reaction function for South Africa

Burger, Philippe; Stuart, Ian; Jooste, Charl; Cuevas, … - 2011

Persistent link: https://www.econbiz.de/10009486234

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/10009621000

South Africa's exports performance : any role for structural factors?

Anand, Rahul; Perrelli, Roberto; Zhang, Boyang - 2016

Despite a substantial and prolonged exchange rate depreciation, South Africa's export performance has disappointed since the global financial crisis. In this paper we focus on the role of structural factors in reducing the responsiveness of South African exports to the real exchange rate...

Persistent link: https://www.econbiz.de/10011435831

Taylor visits Africa

Goncalves, Carlos Eduardo - 2015

Many low-income countries do not use interest rates as their main monetary policy instrument. In East Africa, for instance, targeting money aggregates has been pretty much the rule rather than the exception. Nevertheless, these targets are seldom met and often readjusted according to the...

Persistent link: https://www.econbiz.de/10011445839

Safe debt and uncertainty in emerging markets : an application to South Africa

Saxegaard, Magnus - 2014

Persistent link: https://www.econbiz.de/10010479456

Real wage, labor productivity, and employment trends in South Africa : a closer look

Klein, Nir - 2012

Persistent link: https://www.econbiz.de/10009614696

South Africa : the financial sector-sovereign nexus

Hesse, Heiko; Miyajima, Ken - 2022

Globally, financial institutions have increased their holdings of domestic sovereign debt, tightening the linkage between the health of the financial system and the level of sovereign debt, or the "financial sector-sovereign nexus," during the ongoing COVID-19 pandemic. In South Africa, the...

Persistent link: https://www.econbiz.de/10013170007

Analyzing capital flow drivers using the "at-risk" framework : South Africa’s case

Goel, Rohit; Miyajima, Ken - 2021

Cross-border capital flows are important for South Africa. They fund the nation's relatively large external financing needs and have important financial stability implications evidenced by the large capital outflows and asset price selloffs during the COVID-19 pandemic. This paper adds to the...

Persistent link: https://www.econbiz.de/10012796323