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Working Papers

publication

Shaking Out or Shaking In: The Impact of Zimbabwe's Economic Crisis on the Country's Manufacturing Sector Allocative Efficiency

Nicholas Masiyandima & Lawrence Edwards
Zimbabwe had one of the world's worst economic crises from the late 1990s to 2009. The crisis encompassed a nancial sector crisis, severe adverse investment and demand shocks and idiosyncratic rm and industry interventions by government. On the basis of the resource misallocation hypothesis, the...
Jun 2018
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Impact of macroeconomic announcements on foreign exchange volatility: Evidence from South Africa

Tseke Maserumule and Paul Alagidede
This study focuses on scheduled macroeconomic news announcements and evaluates their impact on the volatility of the South African rand (ZAR) and US dollar (USD) exchange rate using high frequency data. The following asymmetries are studied: news items by geographical location, no-news versus...
Jun 2018
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The Prince and the Pauper: The effect of inherited-wealth status on productivity in the lab

Sofia Monteiro, Justine Burns & Patrizio Piraino
There is limited theory and empirical evidence about the effects of inherited wealth and social comparison on individual labor-market behavior. Investigating the impact of inherited-wealth status – an accident of birth rather than an outcome of competition – contributes to the understanding of the...
May 2018
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An Analysis of Competition, Efficiency and Soundness in the South African Banking Sector

Busani Moyo
The main aim of this study was to investigate the relationship between competition and efficiency in the South African banking sector, then go further, and see how these variables affect bank soundness. Results show that the impact of competition on efficiency depends on the measure of competition...
May 2018
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The Demand for Cigarettes: New Evidence from South Africa

Alfred K. Mukong & Ernest Ngeh Tingum
This paper provides an extensive analysis of the demand for cigarettes based on longitudinal data drawn from the South Africa National Income and Dynamic Study (NIDS: 2008 - 2014). We compare the results of the pooled OLS (POLS), the standard two-part model, the random and the fixed effect (RE, FE...
May 2018
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Unveiling the Energy Saving Role of Banking Performance in Sub-Sahara Africa

Amuakwa-Mensah, F, Klege, R.A, Adom, P.K., Hagan, E, Amoah, A
Using a two-step system generalized method of moment (GMM) technique and a panel data for 43 sub-Sahara African countries from 1998 to 2012, this article examines the drivers of energy intensity. Specifically, the article tests two hypotheses: (1) improved banking performance does not foster energy...
May 2018
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publication

Recreation Demand and Optimal Pricing for International Visitors to Kruger National Park

Samson Mukanjari, Edwin Muchapondwa & Eyoual Demeke
Sustainable financing of conservation is a key challenge in developing countries, due to competing needs. Increasingly, national parks are expected to undertake local community development - at a time when the conservation mandate and threats to conservation have increased signicantly, while...
May 2018
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