Theory on capital account liberalization (CAL) posits that opening up capital accounts should result in inflows of capital to developing countries. Empirical evidence of this for Sub-Saharan Africa (SSA) remains wanting. This study was, therefore, aimed at examining the effects of CAL on capital inflows to SSA. We employ both Fixed Effects and System-GMM estimators for a panel of SSA 13 countries from 1996 to 2013. We also employ sample splitting and threshold effects methodology to examine possible asymmetries in capital flows to SSA.
Latest News, Publications and Workshops
The centrality of electricity to everyday life is indisputable, and the price thereof can have significant implications. Previous literature is inconclusive over the effect of the renewable energy share in the energy mix on retail electricity price as country-specific regulatory policy has a significant impact on retail electricity prices.
We investigate spatial dependence of per capita property tax income among South African municipalities. One original contribution of our study is the use of per capita property tax income, rather than the property tax rate, as the outcome variable. Per capita property tax income is indicative of tax burden on residents. In addition, whilst most studies focus on advanced countries that have had institutionalised fiscal decentralisation for many decades, this paper focuses on South Africa, which is a developing country and implemented fiscal decentralisation only 18 years ago.
This study adapts Herzberg's two-factor theory to investigate the satisfaction levels of attendees at the 2016 Festival of Arts and Culture (FESTAC) held in Cameroon. Specifically, it investigates how satisfaction is influenced by a-priori motivations for attending the event, which, in turn, affects revisit intentions. Using survey data collected from 324 participants at the festival, the study findings confirm the applicability of the Herzberg theory in evaluating the relationship between participants' motivation factors and their satisfaction levels.
Marc Bourreau (Telecom Paris)
Frank Verboven (KU Leuven)
The 7th Annual Monetary Economics workshop will be dedicated to the contribution of macroeconomic and financial modelling to the formulation of economic policy. The workshop will be a combination of technical presentation and roundtable discussions between academics and policymakers. South African researchers are invited to submit contributions and papers related to the theme for the organizing panel to consider
The deadline for paper submission is the 15th of October 2019.
South Africa has had its fair share of issues with regards to the participation and contribution of various groups in society. These issues cut across various social cleavages such as race and gender. The study and practice of economics in South Africa has not been spared from these wider societal issues.
- Axel Dreher from Heidelberg University
- James Robinson from University of Chicago
The first annual Economic Research Southern Africa workshop on ‘Structural Constraints on the Economy, Growth and Political Economy’ brings together scholars and practitioners of growth and political economy of Africa. Sessions with keynote speakers and with contributed papers will reflect the current state of research in growth and political economy, and provide a forum for exchange for scholars and practitioners.
To be jointly hosted by the
UNIVERSITY OF PRETORIA
SOUTH AFRICAN RESERVE BANK
ECONOMIC RESEARCH SOUTHERN AFRICA