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Working Papers

Public-private sector wage differentials and household poverty among Black South Africans

Malikah Jacobs
This paper examines the extent and implications of the public-private sector wage differential prevalent amongst the Black South African populace. In this paper we quantify the public sector wage premium, examine the impact of the wage premium on the incidence of household poverty, and perform a...
Sep 2017
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Evolution of Institutions in Ghana and Implications for Economic Growth

Wisdom Akpalu, George Agbenyo, Emmanuel Maluke Letete and Mare Sarr
This report discusses the evolution of institutions and compares the quality of key formal institutions (Political and Civil Liberties, Political Instability, and Property Rights) from Ghana’s colonial era to its post-independence. The Political and Civil Liberties and Political Instability are...
Sep 2017
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Gender and Birth Order Effects on Intra-household Schooling Choices and Education Attainments in Kenya

Fredrick M. Wamalwa & Justine Burns
In this paper, we investigate the effect of two important family characteristics- gender and birth orde r-on intra-household investments in , and educational outcomes of, children in Kenya. We measure intra-household education investments in children by household's decision to enrol children in...
Sep 2017
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The Reaction of Inflation to Macroeconomic Shocks: The Case of Zimbabwe (2009 – 2012)

William Kavila and Pierre Le Roux
This paper empirically investigates the reaction of inflation to macro-economic shocks using the Vector Error Correction modelling approach (VECM) with monthly data from 2009:01 to 2012:12. The Zimbabwean economy was dollarised during this period, after having abandoned its own currency in 2009,...
Sep 2017
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Welfare and Environmental Impact of Incentive Based Conservation: Evidence from Kenyan Community Forest Associations

Boscow Okumu and Edwin Muchapondwa
This paper focuses on whether the provision of landless forest-adjacent communities with options to grow appropriate food crops inside forest reserves during early stages of reforestation programmes enable vertical transition of low income households and conserves forests. We consider the welfare...
Aug 2017
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Modelling exchange rate volatility dynamics: Empirical evidence from South Africa

Cyril May and Greg Farrell
In this paper, we extend the literature on modelling exchange rate volatility in South Africa by estimating a range of models, including some that attempt to account for structural breaks and long memory. We examine the key nominal exchange rates of the South African rand and replicate common...
Aug 2017
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Changes in the Liquidity Effect Over Time: Evidence from Four Monetary Policy Regimes

Dawid Johannes van Lill
This paper employs a time-varying parameter vector autoregressive (TVP-VAR) model to establish the nature of the relationship between central bank liabilities and the overnight policy rate. Four countries with different monetary policy regimes were considered. It was found that a clear negative...
Aug 2017
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Obesity Based Labour Market Discrimination in South Africa: A Dynamic Panel Analysis

Junita Henry and Umakrishnan Kollamparambil
There is increasing concern regarding obesity related healthcare costs in South Africa. Obesity is also seen to have far reaching effects that seep into labour market outcomes (Barnett & Kumar, 2009). Using NIDS panel data, this study aims to examine the relationship between Body Mass Index and...
Aug 2017
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