Integrated energy-economic modeling is needed to support the development of energy and carbon policies. We propose that a systems dynamic modeling approach is needed; one that includes (a) dynamics (b) endogenous treatment of uncertainty and risks, and (c) both aggregate economic and disaggregate...

To date very little has been known about the demography of European settlers in South Africa, since descriptions have only been based on Ross’s 1975 calculations of a small sample of 300 observations in the Cape Colony. In this paper we provide a broader and deeper account, using a dataset...

The objective of this paper is to explore the sensitivity of industry-specific stock returns to monetary policy and macroeconomic news. The paper looks at a range of industry-specific South African stock market indices and evaluates the sensitivity of these indices to a various unanticipated...

In the light of the economic, political and social significance of the middle class for South Africa’s emerging democracy, we critically examine contrasting conceptualisa-tions of social class. We compare four rival approaches to empirical estimation of class: an occupational skill measure, a...

This paper investigates different theoretical models of incentives for teachers in education. It highlights key characteristics likely to render incentives successful in encouraging productive behaviour, provides evidence of where these systems have been successfully and unsuccessfully...

This paper studies the role of the equity price channel in business cycle fluctuations, and highlights the equity price channel as a different aspect to general equilibrium models with financial frictions and, as a result, emphasizes the systemic influence of financial markets on the real...

This paper explores the dynamics of return co-movements between the largest economic sectors in South Africa, specifically with a view to shed light on the inter-sector diversification potential of domestic investors over time. It has been widely documented that investors have a home-bias when...

In South Africa social exclusion remains a problem due to the multiple and overlapping divisions in post-apartheid society and the lack of linking ties bridging the worlds of those who have plenty and those without. To quantify the potential benefit of such linking ties for socio-economic...

Schooling is typically found to be highly correlated with individual earnings in African countries. However, African firm or sector level studies have failed to identify a similarly strong effect for average worker schooling levels on productivity. This has been interpreted as evidence that...