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Working paper
This paper analyses the competitive trends of the South African citrus industry, making use of the relative trade advantage model to calculate such competitive trends over time. The data to measure competitive performance was obtained...
May 2018
Climate and energy
Working paper
This study estimates the policy distortions faced by agricultural producers. In addition to an aggregate distortion estimation, a disaggregated approach to measuring distortions to individual agents’ incentives in a vertical value chain is seminally applied...
May 2018
Climate and energy
Working paper
According to the macroeconomic theory of aggregate demand, low real interest rates imply a low cost of borrowing for firms, which encourages them to increase the level of investment in the economy, and thus improve...
May 2018
Macro-fiscal analysis
Working paper
This paper makes use of the administrative panel data for the years 2011 to 2015 to explore whether there is a wage penalty for employees in the labour broker sector, examining both the base wage...
May 2018
Enterprise development
Working paper
This study examines the operation of monetary policy using quarterly data from 1994 through 2015 and the sub-period covering 2002–15, when monetary policy was formally defined by inflation targeting. The principal research question we address...
April 2018
Macro-fiscal analysis
Working paper
This paper seeks to synthesize a wide variety of work assessing the future of VRE and their potential for revolutionizing electricity generation, particularly in developing countries. As VRE technology matures and costs fall, focus shifts...
April 2018
Climate and energy
Working paper
This paper aims to enhance our understanding of the dynamics of innovation practice and technology absorption in South Africa at the firm level by estimating the returns to R&D expenditure in the manufacturing sector. This...
March 2018
Enterprise development
Working paper
Since the start of sharp electricity tariff increases in 2008, South African household demand for electricity has not been significantly affected. However, the combination of economic realities and ongoing electricity tariff increases will eventually compel...
March 2018
Enterprise development
Working paper
While much research has been done on the economic impacts of load-shedding in South Africa, fewer studies have focused on the effects of the rapidly rising electricity tariffs. The issue of tariff increases has now...
March 2018
Enterprise development
Working paper
This paper presents a financial-real stock-and-flow-consistent model of the South African economy. The model dynamics build on the simple computable general equilibrium (CGE) model developed by Devarajan and Go (1998) and incorporate elements of dynamic...
January 2018
Macro-fiscal analysis
Working paper
We analyse implications of financial sector dynamics for fiscal expenditure multipliers in recessionary conditions. We employ a stock-and-flow-consistent model for South Africa with four financial instruments and detailed balance sheets for the household, government, financial...
January 2018
Macro-fiscal analysis