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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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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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Quality of Institutions: Does Intelligence Matter?

Isaac Kalonda-Kanyama and Oasis Kodila-Tedika

This paper analyzes the eect of the average level of intelligence on different measures of the quality of institutions, using a 2006 cross-sectional sample of 113 countries. The results show that average IQ positively affects all the measures of institutional quality considered in our study, namely...

Aug 2012
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Monetary policy and commodity terms of trade shocks in emerging market economies

Seedwell Hove, Albert Touna Mama and Fulbert Tchana Tchana

Commodity terms of trade shocks have continued to drive macroeconomic uctuations in most emerging market economies. The volatility and persistence of these shocks have posed great challenges for monetary policy. This study employs a New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model...

Aug 2012
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The Cost-effectiveness of Intervening in Low and High HIV Prevalence Areas in South Africa

Josué Mbonigaba

The cost-effectiveness of intervening with a set of HIV/AIDS interventions in low HIV prevalence areas (LPA) and high HIV prevalence areas (HPA) in South Africa is analysed. The rationale for this analysis is to assess the suspected effect of interaction between the intervention and area of...

Jul 2012
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Publication

Assessing the Economic Value of El Niñobased seasonal climate forecasts for smallholder farmers in Zimbabwe

Ephias M. Makaudze

Drought constitutes the most dominant source of food insecurity in Zimbabwe and many other countries in Africa. With a majority of smallholder farmers practicing dry-land agriculture, seasonal forecasts hold promise as an effective risk management tool, giving farmers the ability to anticipate...

Jul 2012
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