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Recreation Demand and Optimal Pricing for International Visitors to Kruger National Park

Samson Mukanjari, Edwin Muchapondwa & Eyoual Demeke
Sustainable financing of conservation is a key challenge in developing countries, due to competing needs. Increasingly, national parks are expected to undertake local community development - at a time when the conservation mandate and threats to conservation have increased signicantly, while...
May 2018
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The persistence of apartheid regional wage disparities in South Africa

Gibson Mudiriza and Lawrence Edwards
Despite the ending of apartheid, regional wage disparities remain prevalent in South Africa with the former homelands characterised by persistently low wages and incomes. In this paper, we use a new economic geography (NEG) model to estimate the extent to which the persistence in apartheid regional...
Apr 2020
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Benefits of regulation vs competition where inequality is high: The case of mobile telephony in South Africa

Ryan Hawthrone and Lukasz Grzybowksi
We test for the distributional effects of regulation and entry in the mobile telecommunications sector in a highly unequal country, South Africa. Using six waves of a consumer survey of over 134,000 individuals between 2009-2014, we estimate a discrete-choice model allowing for individual-specific...
Aug 2019
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The optimal monetary and macroprudential policies for the South African economy

Guangling Liu and Thabang Molisey
We investigate the optimal design and e ectiveness of monetary and macroprudential policies in promoting macroeconomic (price) and financial stability for the South African economy. We develop a New Keynesian dynamic stochastic general equilibrium model featuring a housing market, a banking sector...
Feb 2020
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A financial stress index for South Africa: A time-varying correlation approach

Theshne Kisten
This paper develops a new index of financial market stress for South Africa (SAFSI) over the period 1995-2017, that has the advantage of capturing the interconnectedness of financial markets as well as enabling each indicator to be assessed in terms of its systemic importance. The index represents...
Nov 2019
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Redistribution, Inequality, and Efficiency with Credit Constraints

Yoseph Y. Getachew and Stephen J. Turnovsky
We develop a model that characterizes the joint determination of income distribution and macroeconomic aggregate dynamics. We identify multiple channels through which alternative public policies such as transfers, consumption and income taxes, and public investment will affect the inequality;...
Apr 2020
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Examining the determinants of electricity demand by South African households per income level

J.A Bohlmann, R. Inglesi-Lotz
For the period 1975 - 2016, this paper examines the determinants of the residential demand for electricity in South Africa including disposable income, electricity prices, food prices as well as the impact of the 2007/08 load-shedding wave and the 2008 electricity price restructuring. Given the...
Sep 2020
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Forest commons, vertical integration and smallholder’s saving and investment responses: Evidence from a quasi-experiment

Dambala Gelo
As the result of prohibitively high transaction costs, smallholder farmers are only partly integrated into agricultural and forest commodity markets, a situation that may leave them in a lower level of development equilibrium (i.e., a poverty trap). For the most part, many users of forest commons...
Aug 2020
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Can local communities afford full control over wildlife conservation? The Case of CAMPFIRE in Zimbabwe

Herbert Ntuli, Edwin Muchapondwa, Boscow Okumu
Wildlife is widely becoming an important vehicle for rural development in most third-world countries across the globe. Policymakers are usually not informed about the needs and wants of poor rural households and roll out programmes that are not tailor made to suit their desires, which often result...
Oct 2018
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The effects of price and non-price policies on cigarette consumption in South Africa

Ernest Ngeh Tingum, Alfred Kechia Mukong and Noreen Mdege
The health consequences of smoking are serious and have been frequently detailed. A reduction in tobacco-related mortality hinges upon the ability to reduce tobacco usage. There is overwhelming evidence that higher cigarette prices reduce cigarettes demand, but little is known about the combined...
Oct 2019
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