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General Aggregative Models: Neoclassical


Understanding the behaviour of house prices and household income per capita in South Africa: Application of the asymmetric autoregressive distributed lag model

Anthanasius Fomum Tita and Pieter Opperman
Homeownership by the lower and middle-income households is crucial to create wealth, particularly for South Africa with high levels of economic and wealth inequality. However, scholarship has paid little attention to how income affects the affordable housing market segment despite its systemic...
Mar 2021
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South Africa’s real business cycles: The Cycle is the trend

Hilary Patroba and Leroi Raputsoane
This paper tests the ‘cycle is the trend’ hypothesis. We investigate how far permanent and transitory productivity shocks can account for the dynamics observed in the South African business cycle over the period 1946{2014. By estimating a standard small open economy real business cycle model and...
Jul 2016
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