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Working Papers

publication

An institutional comparison of private shareholding in the central banks of South Africa and Turkey

Jannie Rossouw
This paper considers institutional aspects of private shareholding in the central banks of South Africa and Turkey. It is shown that only a small number of central banks other than the SA Reserve Bank (SARB) in South Africa and Türkiye Cumhuriyet Merkez Bankasi (TCMB) in Turkey have any form of...
Jan 2018
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publication

Teacher human Capital, Teacher Effort and Student Achievements in Kenya

Fredrick M. Wamalwa & Justine Burns
Although research generally shows that teachers matter for student achievements, it is not clear what attributes make a teacher more successful in enhancing students' performance. Much of the empirical work has focused on observable teacher characteristics. In this paper, we go further than that...
Jan 2018
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publication

Unfulfilled Expectations and Populist Politics: Examining the Emergence of the EFF in South Africa

Nonso Obikili
The last decade has seen the resurgence of populism with South Africa not spared. In South Africa, the elections in 2014 saw the emergence of the Economic Freedom Fighters (EFF) which, through its own brand of populist politics, won over 6.5 percent of the vote making it the third largest party in...
Jan 2018
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publication

Race to the top: Does competition in the DSL market matter for fibre penetration?

Helanya Fourie & Paul W. J. de Bijl
High speed broadband creates potential productivity gains and has a positive impact on economic growth. Achieving Europe’s broadband access objectives will require large scale investment in next generation broadband networks, and it is imperative that an appropriate investment climate is created to...
Dec 2017
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publication

Estimating a time-varying financial conditions index for South Africa?

Alain Kabundi and Asi Mbelu
This paper uses 39 monthly time series of the financial market observed from January 2000 to April 2017 to estimate a financial conditions index (FCI) for South Africa. The empirical technique used is a dynamic factor model with time-varying factor loadings proposed by Koop and Korobilis (2014)...
Nov 2017
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publication

Macroprudential policy and foreign interest rate shocks: A comparison of different instruments and regulatory regimes

Chris Garbers and Guangling Liu
This paper presents a generic small open economy real business cycle model with banking and foreign borrowing. We incorporate capital requirements, reserve requirements, and loan-to-value (LTV) regulation into this framework, and subject the model to a positive foreign interest rate shock that...
Oct 2017
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publication

Self-selection in migration: The role of unobservable skills of Gauteng’s migrant population

Nwabisa Nontenja and Umakrishnan Kollamparambil
The present study sought to investigate self-selection among internal and international migrants in Gauteng by making use of the Gauteng City Region Quality of Life Survey data. The present study also sought to disentangle the effects of observed and unobserved characteristics in the self-selection...
Oct 2017
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publication

Measuring political and economic institutions in Ethiopia: c.1888 –2016

Biniam E. Bedasso
This paper presents the first ever set of indices of political and civil rights and land rights in Ethiopia spanning more than a century. We have extracted information from legal texts and historical records. Then we quantified legislative developments in an attempt to objectively measure de jure...
Oct 2017
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publication

Parental Bargaining and Rural-Urban Child Health Differential in Tanzania

Alfred Mukong & Justine Burns
This paper extends the empirical analysis of child health by simultaneously considering the effects and contributions of parental bargaining to the rural-urban child health differential in Tanzania, a country where most communities are patriarchal in nature. The study uses the Heckman two-step...
Oct 2017
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