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SADC

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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Is There a SADC Business Cycle? Evidence from a Dynamic Factor Model

Ntokozo Patrick Nzimande and Harold Ngalawa
Countries that adopt a common currency automatically relinquish their monetary policy autonomy. Hence, it is imperative for countries wanting to join a currency union to ensure that their business cycles are synchronized in order to ensure symmetric propagation of the effect of monetary policy. Put...
Nov 2016
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Spatial Externalities, Openness and Financial Development in SADC: Beyond the Multilateral Monetary Agreement

Alex Bara, Gift Mugano & Pierre Le Roux
This study empirically evaluates spatial externalities in financial development in SADC in line with spatial proximity theory, which asserts that externalities increase with proximity. Precisely, the study tests if financially less developed economies in SADC benefit from linkages with and...
Aug 2016
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Financial Reforms and the Finance – Growth Relationship in the Southern African Development Community (SADC)

Alex Bara, Gift Mugano & Pierre Le Roux
This study seeks to establish the casual relationship between financial development and economic growth in the SADC region, factoring-in the role of financial reforms. Utilising Generalised Methods of Moments (GMM) and Panel Fixed Effects estimations, the study established that financial...
Jun 2016
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Financial sector development and threshold effect of inflation in ECOWAS and SADC: A Panel smooth transition regression approach

Sulemana Mahawiya
The financial sector of an economy is now widely agreed to constitute a potential important channel for growth. Many regions such as Sub-Saharan Africa, however, have relatively underdeveloped financial sector. Although several policy designs have been used to induce growth in the sector, there has...
Aug 2015
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Real convergence using TAR panel unit root tests: an application to Southern African Development Community

Christian Kakese Tipoy
The recent European Union crisis has sparked renewed interest in the achievement of convergence among potential member states prior to the establishment of a monetary union. This article examines real convergence in the per capita output of SADC countries using annual data from 1980 to 2013. An...
Aug 2015
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Financial sector development, Inflation and Openness: A comparative panel study of ECOWAS and SADC

Sulemana Mahawiya
This paper provides an empirical analysis of the comparative study between the Economic Community of West African States (ECOWAS) and Southern African Development Community (SADC) on the role of inflation in explaining the state of financial development of the two regions. In addition, the study...
Jun 2015
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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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