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Patterns of co-movement between a developed and emerging market economy: The case of South Africa and Germany

Alain Kabundi and Elsabé Loots
This article examines the co-movement between a leading first-world economy (Germany) and an emerging market economy (South Africa) by applying a dynamic factor model. These countries have been chosen as proxies to analyse the channels of transmission of positive supply and demand shocks in...
Dec 2009
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Synchronization between South Africa and the U.S.: A Structural Dynamic Factor Analysis

Alain Kabundi
This paper studies the synchronization of economic variables between South Africa and the US. In addition it examines transmission channels through which supply and demand shocks from the US effect economic activity in South Africa. We use a structural dynamic factor model approach, instead of the...
Jul 2007
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