Working paper
by Bongani Chiliza
This paper sets out to ascertain the appropriateness of the Basel III macro-prudential policy mechanisms as South African (SA) bank distance-to-default (DTD) determinants. Using a hybrid model embedded within a linear dynamic panel-data estimation technique...
March, 2019
Macro-fiscal analysis
Working paper
Channing Arndt, Rob Davies, and James Thurlow
South Africa faces many challenges, including modest economic growth and negative structural change, as well as high unemployment and inequality, and persistent poverty. Urbanization over the last two decades is an additional concern. Migration and...
March, 2019
Macro-fiscal analysis
Working paper
by Amina Ebrahim and Jukka Pirttilä
The paper examines the incidence and employment impacts of the Employment Tax Incentive, a South African wage subsidy system that is targeted at the employers of low-wage youth. The paper uses a triple differences strategy...
March, 2019
Public revenue
Working paper
by Dirk Van Seventer, Shannon Bold, Sherwin Gabriel, and Rob Davies
This paper documents the construction of a South African Social Accounting Matrix (SAM) for the year 2015. The SAM is built using a Statistics South Africa (Stats SA, 2018) Supply Table (ST) and Use Table...
March, 2019
Macro-fiscal analysis
Working paper
by Sandy Lowitt
There is general agreement at present that the Southern African Development Community needs to re-imagine itself and breathe new life into its somewhat moribund structure. The European Union is often presented as the textbook example...
March, 2019
Phase 1 regional growth
Working paper
by Rebone Gcabo, Boitumelo Moche, Wynnona Steyn, Boikhutso Moahlodi, Jukka Pirttilä, Michael Noble, Gemma Wright, Helen Barnes, and Faith Masekesa
Using SAMOD, a tax-benefit model for South Africa, the paper examines the joint distributional impacts of the increase in the VAT rate and increases in benefit amounts that took place in 2018. The results demonstrate...
March, 2019
Public revenue
Working paper
by Bryce McCall, Jesse Burton, Andrew Marquard, Faaiqa Hartley, Fadiel Ahjum, Gregory Ireland, and Bruno Merven
This study provides a technical analysis of South Africa’s electricity future. We use the South African TIMES model and e-SAGE, which have been specifically updated for this analysis through modelling: compliance with air pollution standards...
March, 2019
Climate and energy
Working paper
by Seppo Kari, Londiwe Khoza, Nagamso Manjezi, and Kyle McNabb
The problem of debt bias can be tackled through either disincentivizing the use of debt financing or incentivizing the use of equity financing. Considering the South African context—in which many firms are highly leveraged and...
March 2019
Public revenue