investment | Economic Research Southern Africa

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ERSA Conference: Cities as Potential Drivers of Economic Growth and Prosperity Conference

ERSA organised a two-day conference for academics, policymakers, ci...

Conference

Call for conference papers: Cities as Potential Drivers of Economic Growth and Prosperity

ERSA is organising a two-day conference for academics, policymakers...

Bradley Kent

Call for Papers

South Africa’s future will be decided in our cities

Discussion Document 14 South Africa’s cities face multiple, overlap...

Dieter von Fintel, Justin Visagie, Ivan Turok, Takwanisa Machemedze, Claus Rabe, Sebastian Galiani, Edward Glaeser

Discussion Document

Isaah Mhlanga on a positive MTBPS: getting to know Finance Minister Enoch Godongwana

After our new Finance Minister Enoch Godongwana delivered his first...

Margaux Giannaros, Isaah Mhlanga

Podcast

Addressing low labour utilisation in South Africa

Policy Paper 27 South Africa’s stubbornly low labour utilisation ra...

Christopher Loewald, Konstantin Makrelov, Andreas Wörgötter

Policy Paper

Sailing into the Wind: evaluating the (near) future of Monetary Policy in South Africa

Policy Paper 25 This paper evaluates the main challenges facing Sou...

Nicola Viegi, Tumisang Loate-Ntsoko, Ekaterina Pirozhkova

Policy Paper

Isaah Mhlanga on SA’s Budget Speech: adopting a business-friendly approach

After the challenges raised by Covid-19 and the increasing risks co...

Margaux Giannaros, Isaah Mhlanga

Podcast

Dr Filippo Taddei on Structural Reforms in Italy: what can South Africa learn?

After its sovereign debt crisis in 2011, Italy experienced its wors...

Margaux Giannaros, Filippo Taddei

Podcast

Policy Bulletin 03: Macroeconomic policy options for a savings constrained economy: the...

Economic growth requires delivering a credible fiscal consolidation...

David Faulkner, Christopher Loewald, Konstantin Makrelov

Policy Bulletin

Efficiency in South African water utilities: a comparison of estimates from DEA, SFA an...

Climate change has brought renewed and increasing attention to the ...

Jugal Mahabir, Richard Mulwa, Johane Dikgang, Genius Murwirapachena

Policy Brief

Effect of Financial Development on Economic Growth in sub–Saharan Africa: Does Sectoral...

This paper examines the overall economic growth effect when the gro...

Paul Alagidede, Muazu Ibrahim

Working Paper

Capturing the Black Swan: Scenario-Based Asset Allocation with Fat Tails and Non-Linear...

This paper highlights the shortfalls of Modern Portfolio Theory (MP...

Vsevolod I. Gorlach

Working Paper

Information Contagion and Systemic Risk

We examine the effect of ex-post information contagion on the ex-an...

Toni Ahnert, Co-Pierre Georg

Working Paper

Diversification measures and the optimal number of Stocks in a portfolio: An informatio...

This paper provides a plausible explanation for why the optimum num...

Adeola Oyenubi

Working Paper

Regionalization versus Internationalization of African Stock Markets: A frequency-time ...

This paper examines regional and global co-movemnt of Africa’s stoc...

Gideon Boako, Paul Alagidede

Policy Brief

The influence of financial market development on economic growth in BRICS countries

The debate about the influence of financial market development on e...

Charles V. R. Wait, Tafadzwa Ruzive

Policy Brief

Bilateral Investment Treaties and Investor State Disputes

Bilateral Investment treaties have been a source of political contr...

Umakrishnan Kollamparambil

Working Paper

Global commodities and African stocks: insights for hedging and diversification strategies

Owing to frequent fluctuations in global markets, diversifying acro...

Paul Alagidede, Gideon Boako

Policy Brief

The Impact of the Dividend Tax in South Africa: A Dynamic CGE Model Analysis

This paper analyses the economy-wide impact of the dividend tax (DT...

Jean L. Erero, Elizabeth Gavin

Working Paper

Art investment as a portfolio diversification strategy in South Africa

Art has been suggested as a good way to diversify investment portfo...

Brett Scott, Jen D. Snowball, Ferdi Botha

Working Paper

Debt must be invested, not consumed

We look at recent trends in debt, government consumption and invest...

Michael E. Rose, Hylton Hollander, Co-Pierre Georg

Policy Brief

A Panel Ordered Response Model for Sovereign Credit ratings in Africa

In recent times there has been an increased focus on the myriad inv...

Marinda Pretorius, Ilse Botha

Working Paper

A Network Analysis of the Evolution of the German Interbank Market

In this paper, we report a descriptive investigation of the structu...

Stefano Battiston, Tarik Roukny, Co-Pierre Georg

Working Paper

Timing a Hedge Decision: The Development of a Composite Technical Indicator for White M...

South African white maize is considered to be significantly more vo...

Chris van Heerden, Frans Dreyer, Susari Geldenhuys

Working Paper

On the impossibility of insider trade in rational expectations equilibria

Existing no trade results are based on the common prior assumption ...

Alexander Zimper

Working Paper

Kalman Filtering and Online Learning Algorithms for Portfolio Selection

This paper proposes a new online learning algorithms for portfolio ...

Raphael Nkomo, Alain Kabundi

Working Paper

Short Run Underpricing of Initial Public Offering (IPOs) in the Johannesburg Stock Exch...

Working paper 344 The underpricing of initial public offerings (IPO...

Paul Alagidede, Gillian van Heerden

Journal Publication

Institutional dynamics and capital accumulation: Evidence from Namibia and Tanzania

The purpose of this study is to examine the impact of institutions ...

Bernhard P. Zaaruka

Working Paper

A decision-theoretic model of asset-price underreaction and overreaction to dividend news

We combine new developments in decision theory with a standard cons...

Alexander Zimper, Alexander Ludwig

Working Paper

“Global since Gold” The Globalisation of Conglomerates: Explaining the Experience from ...

The internationalisation of enterprises is one of the essential way...

Grietjie Verhoef

Working Paper

Aftercare of inward foreign direct investment: A case study of South Africa

Attraction of new inward foreign direct investment (FDI) globally, ...

Ronald Mears, Benjamin Manasoe

Working Paper

The South African Phillips Curve: How Applicable is the Gordon Model?

Is there a Phillips curve relationship present in South Africa and ...

Philippe Burger, Marina Marinkov

Working Paper

Arbitrage, Cointegration and Efficiency in Financial Markets in the Presence of Financi...

The authors gratefully acknowledge the assistance of Genesis Analyt...

Working Paper