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Working paper
This study simulates the macro-micro economic impacts of the employment policy, focusing on hysteresis in youth unemployment in South Africa. Specifically, we apply a dynamic computable general equilibrium model to calibrate the 2015 South African...
January 2021
Macro-fiscal analysis
Working paper
This paper estimates the output cost of fighting inflation—the sacrifice ratio—for the South African economy using quarterly data spanning the period 1998Q1–2019Q3. To compute the sacrifice ratio, the structural vector autoregressive model developed by Cecchetti...
January 2021
Macro-fiscal analysis
Working paper
This paper aims to analyse the influence of spillovers into South Africa’s economy from shifts in United States of America’s (US) monetary policy. Often changing, the US interest rate is regarded as an important driving...
January 2021
Macro-fiscal analysis
Working paper
Low-resource public schools in South Africa suffer from a lack of (i) access to home-language reading materials and (ii) teacher capacity on how to teach early-grade reading in African languages. In this context, the Funda...
January 2021
Enterprise development
Labour market and inequality
Working paper
We investigate the relevance of beta (β, absolute and conditional) and sigma (σ) convergence in the economies of the Common Monetary Area of Southern Africa and in the provinces of the Republic of South Africa...
December 2020
Macro-fiscal analysis
Technical note
The identification of foreign firms and South African multinational enterprises (MNEs) in the CIT-IRP5 panel has proved to be a challenge for many researchers. The CIT-IRP5 panel contains variables indicating different thresholds that determine foreign...
January 2021
Working paper
This paper examines the relationship between monetary policy and wealth inequality in South Africa. We employed a unique database of tax administrative data which allowed us to account for individual heterogeneity. These tax data span...
December 2020
Macro-fiscal analysis
Working paper
The paper evaluates strategies for developing successful special economic zones and transnational zones for Southern African countries to spur growth and employment. Most special economic zones implemented in Southern Africa have largely failed to bring...
December 2020
Phase 1 regional growth
Working paper
The successful use of special economic zones as economic tools for export-led industrial development in East Asia propelled a wave of similar initiatives across Africa. In Southern Africa, Zambia and South Africa instituted special economic...
December 2020
Phase 1 regional growth
Working paper
This paper empirically examines South Africa’s fiscal sustainability through a Markov-switching model which utilizes quarterly datasets for the period from 1960 to 2019. The results show that public debt responds positively, demonstrating a sustainable fiscal...
November 2020
Macro-fiscal analysis
Working paper
Exchange rate volatility is said to exemplify the economic health of a country. Exchange rate break points (known as structural breaks) have a momentous impact on the macroeconomy of a country. Nonetheless, this country study...
November 2020
Macro-fiscal analysis
Working paper
As the world battles with the triple problems of social, economic, and environmental challenges, it has become important to focus both policy and research efforts on these. Therefore, this study examines the effect of wealth...
November 2020
Macro-fiscal analysis
Working paper
The successful use of special economic zones as economic tools for export-led industrial development in East Asia propelled a wave of similar initiatives across Africa. In Southern Africa, Zambia and South Africa instituted special economic...
November 2020
Phase 1 regional growth
Working paper
Stunted growth in early life has serious implications for children and is a well-established constraint to productivity, life expectancy, and cognitive development. This paper evaluates the relative contributions of household resources and public service delivery...
November 2020
Labour market and inequality
Working paper
This paper adds quantitative analysis to the study by Crompton et al. (2020), in which various alternative regulatory arrangements regarding the petrol price in South Africa were explored. We use a multi-sector dynamic computable general...
November 2020
Macro-fiscal analysis
Working paper
Plastics are ubiquitous across the region and play an important role in multiple industries. Most plastic products are based on a value chain that is grounded in petroleum refining, posing an environmental challenge. Plastic manufacturing...
November 2020
Phase 1 regional growth