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The impact of micro hydroelectricity on household welfare indicators

Mary Karumba & Edwin Muchapondwa
The use of small scale off-grid renewable energy for rural electrification is now seen as part of the sustainable energy solutions. The expectations from such small scale investment is that it can meet basic energy needs of a household and subsequently improve some aspects of the household welfare...
Jan 2017
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A comparison of the values of water inflows into selected South African estuaries: the Heuningnes, Kleinmond, Klein, Palmiet, Cefane, Kwelera and Haga-Haga

Johane Dikgang and Stephen Hosking
Estuaries are open access public goods in the sense that it is difficult to exclude people from accessing and using them, and that the marginal cost of this use is low. Given the overwhelming evidence available on the significance of freshwater inflow to estuary functionality, it is clear that an...
Jan 2015
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Financial sector development, economic volatility and shocks in sub-Saharan Africa

Muazu Ibrahim and Paul Alagidede
The role of financial sector development in economic volatility has been extensively studied albeit without informative results largely on the failure of extant studies to decompose volatility into its various components. By disaggregating volatility, this study examines the effect of financial...
Nov 2016
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Non-Economic Quality of Life and Population Density in South Africa

Dr. Talita Greyling and Dr. Stephanié Rossouw
The purpose of this study is to investigate the relationship between population density and non-economic quality of life. Popular opinion has generally been that population density can be seen as beneficial for economic growth, as it allows for greater productivity, greater incomes and can be...
Oct 2016
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Financial Innovation and Economic Growth in the SADC

Alex Bara, Gift Mugano and Pierre Le Roux
The study empirically establishes the causal relationship between financial innovation and economic growth in SADC. Using an Autoregressive Distributed Lag (ARDL) Model, estimated by Pooled Mean Group and Dynamic Fixed Effects, the study finds that financial innovation has a positive relationship...
Aug 2016
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How are Africa's emerging stock markets related to advanced markets? Evidence from copulas

Jones Odei Mensah and Paul Alagidede
This paper examines the dependence structure between two developed and four emerging African stock markets in a copula framework. Using daily data from January 2000 to April 2014, our empirical results show that dependence structure between African and international stocks varies overtime, but...
Jul 2016
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Social Rate of Return to R&D on Various Energy Technologies: Where should We Invest More? A Study of G7 Countries

Roula Inglesi-Lotz
The severity of investment in Research and Development (R&D) in the energy sector is undisputable especially considering the benefits of new technologies to sustainability, security and environmental protection. However, the nature and potential of various energy technologies that are capable...
Jun 2016
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Assessing Banking Sector Competition in Zimbabwe Using a Panzar-Rosse Approach

Sanderson Abel & Pierre Le Roux
This paper assesses the level of competition in Zimbabwe’s banking sector using the Panzar-Rosse H-statistic. The H-Statistic has been assessed, using the total revenues regression equation, and applying the panel least square regression model with fixed effects. The H-statistics is estimated at 0...
Apr 2016
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Accounting for Productivity Growth: Schumpeterian versus Semi-Endogenous Explanantions

Johannes W. Fedderke and Yang Liu
This paper examines the nature and sources of productivity growth in South African manufacturing sectors, in international comparative perspective. On panel data estimations, we find that the evidence tends to support Schumpeterian explanations of productivity growth for a panel of countries...
Oct 2015
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Bayesian learning with multiple priors and non-vanishing ambiguity

Alexander Zimper and Wei Ma
The existing models of Bayesian learning with multiple priors by Marinacci (2002) and by Epstein and Schneider (2007) formalize the intuitive notion that ambiguity should vanish through statistical learning in an one-urn environment. Moreover, the multiple priors decision maker of these models will...
Jun 2015
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