Faculty of Commerce Awards for Excellence was held on Friday 5 May 2017 at the New Lecture Theatre on UCTs Upper Campus. Professor Lawrence Edwards from the School of Economics represented ERSA at the function. View the award gallery page here.
Latest News, Publications and Workshops
Forest ecosystem services are critical for human well-being as well as functioning and growth of economies. However, despite the growing demand for these services, they are hardly given due consideration in public policy formulation. The values attached to these services by local communities are also generally unknown in developing countries.
The problem of sample selection complicates the process of drawing inference about populations. Selective sampling arises in many real world situations when agents such as doctors and customs officials search for targets with high values of a characteristic. We propose a new method for estimating population characteristics from these types of selected samples. We develop a model that captures key features of the agent's sampling decision.
By early 2016, financial market participants had become increasingly critical of unsustainable current account deficits and low, unbalanced growth in many emerging economies. In response, adjustments have occurred (or are in process) in a wide range of countries – including Russia, Brazil, Mexico, Colombia, Ghana – gradually guided by policy in some instances and much more abruptly forced by recession in others.
- Clark PB and MacDonald R. (1988). Exchange rates and economic fundamentals: a comparison of BEERs and REERs. IMF Working Paper No. 98/67.
- De Jager S. (2012). Modelling South Africa’s equilibrium real effective exchange rate: a VECM approach. South African Reserve Bank Working Paper WP/12/02.
- MacDonald R and Ricci LR. (2004) Estimating the Equilibrium Real Exchange Rate for South Africa. South African Journal of Economics Vol 72(2).
- Saayman A. (2010). A panel data approach to the behavioural equilibrium exchange rate of the ZAR. South African Journal of Economics 78: 57-75.
- Rodrik D. (2008a). The Real Exchange Rate and Economic Growth. Brookings Papers on Economic Activity 2: 365–412.
- Rodrik D. (2008b). Understanding South Africa’s economic puzzles. Economics of Transition 16(4): 769-797.
Call for Application for Skills Development Training in Econometrics
The ERSA is pleased to invite applications for the Skill Development Training Programme in basic Econometrics for academics and postgraduate students (masters and PhD) with limited training in Econometrics and quantitative methods. The skills development initiative is in line with ERSA’s objective to deepen economic research capacity and to train young economists in Southern Africa.
The African Economic History Network, in association with the Laboratory for the Economics Africa's Past at Stellenbosch University, Harvard Univeristy's Center for African Studies and Economic Research Southern Africa announces a Call for Papers.
A well-functioning financial system is key for emerging markets to unlock their growth potential. The financial system of many emerging markets remains in its infancy, however. This conference will address the challenges faced by financial intermediaries in emerging markets.
Economic Research Southern Africa (ERSA) and the Institutions and Political Economy Group (IPEG) at the University of the Witwatersrand invite SA-based researchers with a focus on political economy, including public choice, to participate in the upcoming February 2016 workshop. Contributions, even in progress, on all political economy topics will be considered though preference will be given to: corruption, dictatorship, fiscal federalism, intergovernmental grants, political entrepreneurship, and regulation.