During Zimbabwe’s hyperinflation that ended in 2009, people turned to an illegal round-tripping transaction called “burning money” to preserve purchasing power. The transaction involved illegally acquiring foreign currency at the official rate before converting back to domestic currency in...

In Miller and Ndhlela (2020), we estimate semi-elasticities of the real monetary base and currency in circulation with respect to inflation during Zimbabwe's hyperinflation using Del Negro and Primiceri's (2015) Bayesian time varying structural autoregression (TVP-SVAR) method. The estimated...

This study investigated the effect of international tourism development on economic growth in Zimbabwe, using time series data spanning over the period 1980 to 2017. The main aim of the study was to examine whether international tourism is a pathway to economic recovery in Zimbabwe. The study...

The empirical debate on the role of international tourism on local economic growth is inconclusive and is characterized by two main opposing views: the Tourism-led economic growth hypothesis and the Economy-driven tourism growth hypothesis. The objective of the study was to establish the role of...