Journal publications

Publication

Business Cycle Co-movements between South Africa and the BRIC Countries

Mustafa Yavuz Cakir and Alain Kabundi

This paper investigates the co-movement of business cycles between South Africa and the other BRICS countries namely, Brazil, Russia, India, and China, the so-called BRICs. In particular, it identi.es the nature and key features of the co-movement of cycles of South African economy with cycles of...

Jan 2013
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Retirement Date Effects on Saving Behavior: The Case of Non-Separable Preferences

Aylit Tina Romm

In this paper we demonstrate that the magnitude of the reaction of saving behavior to a change in the anticipated retirement date is largely determined by the degree to which utility is additively separable in consumption and leisure. We show that the relative decrease in saving in response to a...

Jan 2013
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Risk Preferences and Environmental Uncertainty: Implications for Crop Diversification Decisions in Ethiopia

Mare Sarr and Mintewab Bezabih

To the extent that diversifying income portfolio is used as a strategy for shielding against production risk, both individual risk preferences and weather uncertainty could affect crop diversification decisions. This paper is concerned with empirically assessing the effects of risk preferences and...

Jan 2013
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Evaluating the Prospects of Benefit Sharing Schemes in Protecting Mountain Gorillas in Central Africa

Samson Mukanjari, Edwin Muchapondwa, Precious Zikhali and Birgit Bednar-Friedl

Presently, the mountain gorilla in Rwanda, Uganda and the Democratic Republic of Congo is endangered mainly by poaching and habitat loss. This paper sets out to investigate the possible resolution of poaching involving the local community by using benefit sharing schemes with local communities...

Dec 2012
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Does Famine Matter For Aggregate Adolescent Human Capital Acquisition In Sub-Saharan Africa?

Julius A. Agbor and Gregory N. Price

To the extent that in utero and childhood malnutrition negatively affects later stage mental and physical health, it can possibly constrain later stage human capital acquisition, which is an important driver of economic growth. This paper considers the impact of famine on aggregate adolescent human...

Dec 2012
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Publication

A Greek wedding in SADC? - Testing for structural symmetry

Marthinus C. Breitenbach, Francis Kemegue and Mulatu F. Zerihun

This paper investigates structural symmetry among SADC countries in order to establish, judged by modern OCA theory, which of these countries may possibly make for a good monetary matrimony and which countries may be left out in the cold. SADC remains adamant that it would conclude monetary union...

Dec 2012
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The emergence of "fifty-fifty" probability judgements in a conditional Savage world

Alexander Zimper

This paper models the empirical phenomenon of persistent fifty-fifty probability judgements within a dynamic non-additive Savage framework. To this purpose I construct a model of Bayesian learning such that an agents probability judgement is characterized as the solution to a Choquet expected...

Dec 2012
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Monetary policy and inflation in South Africa: A VECM augmented with foreign variables

Annari de Waal and Reneé van Eyden

We develop a structural cointegrated vector autoregressive (VAR) model with weakly exogenous foreign variables, suitable for a small open economy like South Africa. This type of model is known as an augmented vector error correction model (VECM), referred to by VECX*. We compile the foreign...

Oct 2012
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Electricity Intensities of the OECD and South Africa: A Comparison

R. Inglesi-Lotz and J. Blignaut

Improving a country’s electricity efficiency is considered one of the important ways to reduce its greenhouse gas emissions and to meet its commitments concerning climate change mitigation. In this paper, we conduct a comparative analysis between South Africa and OECD members’ total and sectoral...

Sep 2012
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Industry Concentration in South African Manufacturing Industry: Trends and Consequences, 1972-96

Johannes Fedderke & Gabor Szalontai

This paper examines industry concentration for the South African manufacturing sector over the 1972-1996 period, for the three digit industry classification. The paper notes both the high level of industry concentration in South African manufacturing, and a rising trend in concentration across a...

Sep 2012
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