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F15

Economic Integration

Publication

Understanding South Africa’s trade policy and performance

Matthew Stern and Yash Ramkolowan
South Africa’s exports have lagged behind the rest of the world over recent decades, and this has likely constrained overall economic growth. There are multiple reasons for this disappointing trade performance, including the structure of the country’s export basket (which remains dominated by...
Jun 2021
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Publication

Market Potential, Agglomeration Effects and the Location of French Firms in Africa

Alain Pholo Bala, Michel Tenikue and Baraka Nafari
This paper informs the debate on the existence of agglomeration effects in Africa. It uses a structural estimation approach to investigate the impact of agglomeration economies and forward linkages on the localization of French affiliates in Africa. Using a sample of French subsidiaries in Africa,...
Mar 2019
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Publication

Determinants of tax revenue performance in the Southern African Development Community (SADC)

Michael Ade, Jannie Rossouw and Tendai Gwatidzo
This paper investigates the determinants of tax revenue performance in all 15 Southern African Development Community countries during 1990-2010, using panel data. The investigation makes use of two estimation techniques in testing for country specificity. These are the least squares dummy variables...
Aug 2018
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Publication

The effect of tax harmonisation in the Southern African Development Community on Foreign Direct Investment

Michael Ade, Jannie Rossouw and Tendai Gwatidzo
This paper investigates the effect of tax harmonisation on foreign direct investment (FDI) in the Southern African Development Community (SADC) region. Findings of a first attempt to investigate the linkage between taxation (tax rates and policy) and FDI (in all 15 countries), using an eclectic...
Jul 2017
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Publication

Assessment of Monetary Union in SADC: Evidence from Cointegration and Panel Unit Root Tests

Mulatu F Zerihun, Marthinus C Breitenbach and Francis Kemegue
In this paper we investigate the likelihood of a proposed monetary union in the Southern African Development Community (SADC) being successful from the viewpoint of the Generalised Purchasing Power Parity (GPPP) hypothesis and optimum currency area (OCA) theory. We apply Johansen’s multivariate co-...
Feb 2015
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Publication

Monetary Integration in SADC: Assessment of Policy Coordination and Real Effective Exchange Rate Stability

Mulatu F. Zerihun, Marthinus C. Breitenbach and Francis Kemegue
This paper evaluates the strength of policy coordination in Southern African Development Community (SADC) as well as real effective exchange rate stability as indicative of sensible monetary integration. The underlying hypothesis goes with the assertion that countries meeting OCA conditions face...
Nov 2014
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Publication

Dynamic Integration of Emerging Market Bond Yields into the Global Bond Market

Anmar Pretorius and Alain Kabundi
This paper investigates empirically the integration of bond markets of emerging market economies into the global bond markets from 2003 to 2012. The paper employs factor analysis based on the Arbitrage Pricing Theory to extract global factors from a panel of 38 bond yields of advanced and emerging...
Jun 2014
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Publication

A Disaggregated Analysis of Product Price Integration in the Southern African Development Community

Neil Balchin, Lawrence Edwards and Asha Sundaram
Empirical evidence on the extent to which product markets are integrated within Africa remains noticeably limited. This paper uses highly disaggregated retail price data for 32 narrowly defined products collected at the district level in five SADC countries (Botswana, Malawi, South Africa, Tanzania...
Feb 2014
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