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Working Papers

publication

Phases of Higher Education, Tuition Grants, and Equity-Efficency Tradeoff

Yoseph Y. Getachew
We study how taxes and alternative higher education subsidies affect equity-efficiency trade-off for countries at different phases of higher education development. We find a scholarship program is the most efficient higher-education-subsidy program at all stages of higher education development due...
Jan 2021
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The effects of technology intensity in manufacturing on CO2 emissions: Evidence from developing countries

Elvis Avenyo and Fiona Tregenna
Industrialisation is recognised as important for developing countries’ growth and ‘catching up’ with advanced economies, but is also associated with harmful carbon dioxide (CO2) emissions and hence with climate change. This poses a challenge to sustainable development, particularly for late...
Jan 2021
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Relationship between education and households’ electricity-saving behaviour in South Africa: A multilevel logistic analysis

Kabeya Clement Mulamba
This paper investigates the relationship between the education level of household heads and households’ energy-saving practices at the micro-level in South Africa. It uses the community survey of 2016 as data source. Multilevel logistic models are estimated to account for heterogeneity that...
Jan 2021
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Measuring energy poverty in South Africa based on householdrequired energy consumption

Yuxiang Yeú and Steven F. Koch
Energy poverty is a major concern in most of developing countries while its measurement has not been fully addressed due to the complexity of energy basic needs estimation. This study contributes to the literature by measuring energy poverty with focus on household required energy consumption using...
Dec 2020
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Time consistency and economic growth: A case study of South African macroeconomic policy

Christopher Loewald, David Faulkner and Konstantin Makrelov
The numerous diagnostic studies and policy recommendations that exist for South Africa typically focus on microeconomic constraints to growth. Higher potential growth certainly requires structural reforms to boost productivity growth, in particular to allow private competition and investment in...
Nov 2020
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'Quantitative Easing' and central bank asset purchases in South Africa: A DSGE approach

Cobus Vermeulen
This paper develops a small open-economy (SOE) dynamic stochastic general equilibrium (DSGE) model to evaluate the effect of the temporary emergency purchases of government bonds by the South African Reserve Bank (SARB) during 2020. The model is constructed in the portfolio balancing framework, in...
Nov 2020
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publication

The time-varying elasticity of South African electricity demand: 1980–2018

Kabelo Masike, Cobus Vermeulen
This study estimates the price and income elasticity coefficients of domestic South African electricity demand for the period 1980 to 2018, considering both the aggregate economy as well as the mining sector in isolation. South African electricity prices were falling in real terms between 1983–2005...
Nov 2020
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