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Working Papers

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Capital Account Liberalization and Capital Flows to Sub-Saharan Africa: A Panel Threshold Approach

Tamara Esther Mughogho and Imhotep Paul Alagidede
Theory on capital account liberalization (CAL) posits that opening up capital accounts should result in inflows of capital to developing countries. Empirical evidence of this for Sub-Saharan Africa (SSA) remains wanting. This study was, therefore, aimed at examining the effects of CAL on capital...
Oct 2019
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Spatial dependence of per capita property tax income in South Africa

Kabeya Clement Mulamba and Fiona Tergenna
We investigate spatial dependence of per capita property tax income among South African municipalities. One original contribution of our study is the use of per capita property tax income, rather than the property tax rate, as the outcome variable. Per capita property tax income is indicative of...
Oct 2019
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Adapting Herzberg: Predicting Attendees' Satisfaction and Intention to Re-Visit a Festival - An Ordered Logit Approach

Love Odion Idahosa and Tembi Maloney Tichaawa
This study adapts Herzberg's two-factor theory to investigate the satisfaction levels of attendees at the 2016 Festival of Arts and Culture (FESTAC) held in Cameroon. Specifically, it investigates how satisfaction is influenced by a-priori motivations for attending the event, which, in turn,...
Oct 2019
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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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Farm diversification and climate change: implications for food security in Northern Namibia

Chalmers Mulwa and Martine Visser
Limited non-farm opportunities in the rural areas of the developing world, coupled with population growth, means agriculture will continue to play a dominant role as a source of livelihood in these areas. Thus, while rural transformation has dominated recent literature as a way of improving welfare...
Oct 2019
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The relationship between renewable energy and retail electricity prices: Panel evidence from OECD countries

A.M. Oosthuizen, R. Inglesi-Lotz and G.A. Thopil
The centrality of electricity to everyday life is indisputable, and the price thereof can have significant implications. Literature is inconclusive over the effect of the renewable energy share in the energy mix on retail electricity price as country-specific regulatory policy has a significant...
Sep 2019
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Understanding the drivers of subsistence poaching in the Great Limpopo Transfrontier Conservation Area: What matters for community wildlife conservation?

Herbert Ntuli, Aksel Sundström, Martin Sjöstedt, Edwin Muchapondwa, Sverker C. Jagers, Amanda Linell
While subsistence poaching is a large threat to wildlife conservation in Southern Africa, this behaviour is seldom researched. Individual and community level factors that really drive such behaviour are less understood because of both lack of data and literature’s predominant focus on commercial...
Sep 2019
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A New Keynesian DSGE model for Low Income Economies with Foreign Exchange Constraints

Bertha C. Bangara
The existing literature is clear that low income economies tend to suffer from foreign exchange shortages exacerbated by their exports. Most importantly, the concentration of their exports renders these countries susceptible to international price fluctuations. This frequently affects the level of...
Sep 2019
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Inequality in South Africa: what does a composite index of wellbeing reveal?

Stephanié Rossouw and Talita Greyling
Policymakers need better information regarding wellbeing inequality to ascertain the contributing factors and to determine whether policy has been successful in improving the spread over time. In this paper, we construct a multidimensional composite wellbeing measure, at a micro level, which...
Sep 2019
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