April 28: Dante Donati (Universitat Pompeu Fabra): Mobile Internet access and political outcomes: Evidence from South Africa
- Monday 17 May, Nathan Nunn (Harvard University), 'Transhumant Pastoralism, Climate Change, and Conflict in Africa'
The purpose of this course is to introduce the methods of Empirical Industrial Organization. Part II of the course is focused on applications such as mergers, effects of entry and others.
Students who enrolled in the first part of the course do not need to register again. New students who wish to enroll, should send an email with brief background info and motivation to: [email protected]
Deadline for registrations: May 1, 2021
Featured Policy Papers
- This paper evaluates the main challenges facing South African monetary policy. We focus on three main issues: the external environment, the growth potential of the economy and its fiscal balance. The external environment will remain uncertain and volatile and South Africa monetary policy should...Read moreApr 2021
Latest Working Papers
- We develop a new dataset of bank-level balance sheets data to estimate bank-level funding costs. These estimates are useful for monitoring of funding pressures and other risks to the banking sector as well as understanding the impact of prudential regulations and market conditions on the...Read moreMar 2021
- Homeownership by the lower and middle-income households is crucial to create wealth, particularly for South Africa with high levels of economic and wealth inequality. However, scholarship has paid little attention to how income affects the affordable housing market segment despite its systemic...Read moreMar 2021
- This study examines the complex relationship between carbon emissions and technological progress in a sample of 60 countries, divided into four categories based on their per capita income between the periods of 1989-2018. For robustness purposes and due to the broad definition of technology, we use...Read moreMar 2021
- We estimate that since 1701, South Africa has experienced 163 years of per capita growth of more than 1 per cent a year. These expansions include 55 years of sustained per capita GDP growth of more than 3 per cent a year – windfall periods that were related to the discovery of diamonds and gold,...Read moreFeb 2021
- A panel data analysis of financial inequality was conducted using the PSTR model to determine the threshold level at which excessive financial development worsens inequality. The results reveal evidence of a nonlinear effect between financial development and income inequality where the optimal...Read moreFeb 2021
Featured Policy Bulletin
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Following the President’s 2021 SoNA speech and recent debates on the strategic planning of power supply, ERSA invites you to submit short policy articles on, but not limited to, the following topics:
- Renewable energy vs nuclear power plant ...
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South Africa has been experiencing electricity shortages since 2008. Load shedding is taking place even at the moment, despite a large contraction in economic activity due to the Covid-19 crisis. It is time to reform the electricity market and breakdown Eskom’s vertically integrated monopoly. An...
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Economic growth requires delivering a credible fiscal consolidation plan that shifts spending towards investment in infrastructure, human capital accumulation and a environmentally sustainable economy. Fiscal policy has to move first, reducing risk...
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After the COVID-19 crisis is over, South Africa will face a fiscal mountain that looks insurmountable. Many of the problems experienced in the public finances originated outside of the fiscus and have to be addressed at source, neither fiscal discretion, nor fiscal rules or any...
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The principle of transparency is the only way that policy makers can understand the limitations of a model and use its outputs effectively to inform policy. In absence of this transparency, there is no accountability and claims cannot be tested. The first ERSA policy bulletin discusses how to...
Featured Policy Briefs
- It is less onerous to achieve policy objectives when they are clear, credibly implemented and appropriately communicated, all of which reduces uncertaintyRead moreNov 2019
- The study explores remuneration patterns in South Africa between 2000 and 2017, with a focus on the relationship between public- and private-sector earnings. Although remuneration is likely to increase over time in both sectors, this does not necessarily mean these increases are related to each other.Read moreNov 2019
Thu, 15 April 2021
Thu, 18 March 2021
In our second podcast with Dr Daan Steenkamp, a lead economist at the South African Reserve Bank, we delve further into how nowcasting works and discuss the latest research regarding the suite of...
Fri, 05 March 2021
After the challenges raised by Covid-19 and the increasing risks concerning South Africa’s fiscal sustainability, there were three objectives that the Finance...
Thu, 18 February 2021
Joining ERSA’s host in this podcast is Isaah Mhlanga, a Chief Economist at Alexander Forbes. Together they discuss expectations for the upcoming 2021 Budget...
Fri, 04 December 2020
In this podcast, ERSA’s host speaks to Dr Biniam Bedasso about Public Finance Management, which plays a significant role in reducing inequality in an economy. You may be familiar with the Public...
Mon, 30 November 2020
After its sovereign debt crisis in 2011, Italy experienced its worst recession since World War II. With the labour market heavily dependent on the manufacturing sector and facing decreasing...
Wed, 11 November 2020
During the past week the buzz word has been ‘voting’, given the nail-biting US elections that have recently taken place. In this podcast, ERSA’s host speaks to Dr Biniam Bedasso who is an expert...
Mon, 26 October 2020
With the unprecedented level of uncertainty in the economy, the ability to adapt has never been more important. This is especially true in the world of forecasting. In this podcast, ERSA’s host is...
Fri, 16 October 2020
Levels of uncertainty have existed throughout time yet measuring uncertainty in the past has posed many challenges. An Associate Professor of Finance from Kellogg School of Management, Prof. Scott...
Mon, 12 October 2020
Shortly after the October MPR, ERSA’s host sat down with Dr Chris Loewald, the Head of the Research Department at the Reserve Bank, and a member of the Monetary Policy Committee to discuss some of...