Annual Forum Papers

Annual Forum Papers (394)

  • Year 2008
  • Organisation University of Pretoria and Tilburg University
  • Publication Author(s) E. Schaling
  • Countries and Regions South Africa
In this paper we analyze the relationships between exchange rates, inflation and competitiveness. We show that over the 1994-2006 sample period real exchange rate depreciations did not improve the trade balance and therefore had no positive effect on growth. One reason is that SA exports are priced to market (PTM…

  • Year 2008
  • Organisation University of the Free State
  • Publication Author(s) M. Marinkov;P. Burger
  • Countries and Regions South Africa
Formal inflation targeting has been adopted as the monetary policy framework in South Africa since February 2000. Prior to that (since about 1990), the South African Reserve Bank has pursued implicit inflation targeting with no officially announced inflation target. Official inflation targeting frameworks are based on the premise that inflation…
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  • Year 2008
  • Organisation University of Cape Town and Deloitte Consulting
  • Publication Author(s) Chandana Kularatne; Roy Haveman
  • Countries and Regions South Africa
To better understand why some currencies are more volatile than others, this paper considers the cross-country determinants of exchange rate volatility for a set of middle-income countries. Overall, the paper finds that higher levels of reserves reduce volatility, and it is estimated that an appropriate level of reserves is approximately…

  • Year 2008
  • Organisation South African Reserve Bank
  • Publication Author(s) L. Rangasamy;J. Jakoet
  • Countries and Regions South Africa
The key objective of this paper is to construct a commodity export price series for South Africa (incorporating a wider range of commodities than those considered in the empirical literature on South Africa to date) and to determine its influence on real exchange rate movements in South Africa. Existing models…

  • Year 2008
  • Organisation University of Stellenbosch
  • Publication Author(s) Rachel Jafta;Willem Boshoff
  • Countries and Regions South Africa
The ASGISA document identifies several binding constraints preventing South Africa from achieving elevated levels of economic growth (Republic of South Africa, 2006). This paper takes an evolutionary perspective to consider whether the proposed policy interventions will address what is, arguably, a fundamental growth constraint: the current inability of the economic…

  • Year 2008
  • Organisation University of Free State
  • Publication Author(s) Frikkie Booysen
  • Countries and Regions South Africa
The adverse micro- and macroeconomic impacts of the HIV and AIDS epidemic is relatively well documented. With the advent of the free provision of antiretroviral treatment (ART) in the public sector, the focus in research on the economics of HIV and AIDS has shifted toward determining how ART may ameliorate…

  • Year 2008
  • Organisation University of the Witwatersrand
  • Publication Author(s) Gregory John Lee;Ralitza Dobreva
  • Countries and Regions South Africa
One of the most pervasive trends in contemporary South African business is the substitution of alternative work forms for full-time, permanent employment. Part-time work and external contracting are used extensively by firms, ostensibly to adjust to altering work conditions. However, relatively little is understood about the process, context and contingencies…

  • Year 2008
  • Organisation Department of Economics, Stellenbosch University
  • Publication Author(s) Johan Fourie
  • Countries and Regions South Africa
Trade-in-services is fast becoming one of the foremost areas of research and policy making in the international trade arena. Although the General Agreement on Trade-in-Services (GATS) was implemented in 1995, it is only recently, with the realisation of the close linkages between goods and service exports and the advent of…

  • Year 2008
  • Organisation Senior Research Manager, Centre for Employment, Poverty and Growth, HSRC.
  • Publication Author(s) Tim Hart
  • Countries and Regions South Africa
This paper will review the attempts at fostering resource poor small-scale agricultural development in South Africa from 1994 to the present. Based on the lack of a concerted policy for support and development of this group of farmers and given the incomplete datasets about this group a number an attempt…

  • Year 2008
  • Organisation University of Pretoria
  • Publication Author(s) Ward Anseeuw;Ntombifuthi Mathebula
  • Countries and Regions South Africa
Although the 1994 elections concern redress, social justice and reconciliation, many would consider that these objectives will never be achieved if no economic and social development affects the previously disadvantaged. Development has many dimensions (especially if considered as addressing the injustices of the past) among which the increase of low…

  • Year 2008
  • Organisation University of Pretoria
  • Publication Author(s) James Blignaut;Jan van Heerden
  • Countries and Regions South Africa
South Africa is in the grip of an electricity crisis marked by a euphemism known as load shedding. The demand for electricity has grown to the point that the supply reserve margin is often under threat, necessitating the electricity supplier to cut supply to some areas, or to shed load.…

  • Year 2008
  • Publication Author(s) Mompati N. Baiphethi; Siyabulela Manona;M.F. Viljoen;G. Kundhlande
  • Countries and Regions South Africa
Most of the communal arable lands in the former homeland areas are currently either underutilized or not utilized at all. Among some of the reasons given is the absence of 'land markets' owing to the communal nature of the rights bestowed on the owners/users of the land. This paper aims…

  • Year 2008
  • Organisation Development Works and Leap
  • Publication Author(s) Lauren Royston
  • Countries and Regions South Africa
The question that concerns this paper is: how can greater security of tenure increase access to economic opportunities for the poor? Because of the relationship of tenure to property, the primary concern of this paper becomes: how secure access to property can increase economic opportunities for the poor. Rephrased, the…

  • Year 2008
  • Organisation SOAS, University of London
  • Publication Author(s) Lotta Takala
  • Countries and Regions South Africa
South African manufacturing has experienced a slow overall decline despite adopting a range of recommended economic policies from protectionism and active state support in the period preceding political change (1994) followed by aggressive liberalisation and more free access to markets thereafter. Alongside interfering industrial policies, the decline has also been…

  • Year 2008
  • Organisation Lahore University of Management Sciences
  • Publication Author(s) Faheem ul Islam
  • Countries and Regions South Africa
The paper presents significant new insights for Policy Makers, Practitioners, Educators, and Researchers into the socio-economy of agglomerated SMEs in developing country context. Using mixed methods of inquiry and concurrent triangulation approach this paper profiles the socio-economy of the internationally competitive textile industry cluster of Faisalabad in Pakistan to establish…

  • Year 2007
  • Publication Author(s) Stephan Malherbe;Nick Segal
  • Countries and Regions South Africa
By the late 1980s, many of South Africa's corporations were bloated, unfocused and run by entrenched and complacent managers. These firms were sustained and tolerated by a very different environment from that in advanced economies and capital markets. The mainstay of the South African environment was isolation. Tariffs and political…

  • Year 2004
  • Publication Author(s) Peter Glick; Francois Roubard
  • Countries and Regions Common Market for Eastern and Southern Africa (Comesa)
This study seeks to understand the labor market (employment and earnings) and gender impacts of the dramatic recent expansion of the export processing zone (the Zone Franche) in urban Madagascar. It is distinguished from most earlier empirical analysis of this subject by its use of micro data collected annually over…

  • Year 2006
  • Publication Author(s) Dorrit Posel and Rosa Dias
  • Countries and Regions South Africa
This paper investigates the relationship between education and unemployment in post-apartheid South Africa, and probes the argument that employment growth has been inhibited particularly by skills constraints. We use probit regression analysis to show that higher education protected against unemployment in both 1995 and 2003, and that overall, the relative…
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  • Year 2006
  • Publication Author(s) J.W. Fedderke and Z. Bogetic
  • Countries and Regions South Africa
Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous (countervailing signs) results with little robustness. A number of explanations of the contradictory findings have been proposed. These range from the crowd-out of private by public sector investment, non-linearities generating the possibility of infrastructure overprovision,…
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  • Year 2006
  • Publication Author(s) Steven F Koch and Simon Ssekabira Ntege
  • Countries and Regions South Africa
This paper empirically contributes towards the debate between the human capital and screening theories. Using South Africa's September 2004 Labour Force Survey data, and after controlling for self-selection, the weak and strong versions of screening hypothesis are tested. The honour's degree, and certificates or diplomas got without grade twelve, provide…

  • Year 2005
  • Publication Author(s) Tom Hertz
  • Countries and Regions South Africa
Minimum wages have been in place for South Africa's one million domestic service workers since November of 2002. Using data from seven waves of the Labour Force Survey, this paper ocuments that the real wages, average monthly earnings, and total earnings of all employed domestic workers have risen since the…
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  • Year 2005
  • Publication Author(s) Jeremy Wakeford
  • Countries and Regions South Africa
The past two decades have witnessed an unprecedented globalisation of trade in goods and services. This process has been driven, inter alia, by technology, ideology and the availability of relatively cheap energy. By extrapolating this trend, one may expect further integration of world markets and increasingly unhindered international trade. However,…
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  • Year 2005
  • Publication Author(s) Alain Kabundi and Elsabe Loots
  • Countries and Regions South Africa, Southern African Development Community (SADC)
This paper uses a novel dynamic factor model a la Forni et al. (2003) to investigate the impact of increasing trade on the co-movement of the business cycle between South Africa and the Southern African Development Community (SADC) countries. The results show a moderate but increasing synchronization between South Africa and SADC…
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  • Year 2005
  • Publication Author(s) Marian Walker
  • Countries and Regions South Africa
South African policy makers and industrial planners are centrally concerned with identifying strategies and programmes that maximise and broaden the economic linkages that naturally arise from the need to extract, process and refine the country's mineral resources (DST, 2002; DTI, 2002). At an industry level these linkages encompass 'downstream' (beneficiation)…
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  • Year 2005
  • Publication Author(s) Moses Sichei, Jean Luc Erero and Tewodros Gebreselassie
  • Countries and Regions South Africa
The study applies an augmented gravity equation to South Africa's exports of motor vehicles, parts & accessories (SIC 381-383) to 76 countries over the period 1994 to 2003. The study employs a dynamic panel data model to estimate long-run and short-run coefficients. First, it is shown that it takes about…
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  • Year 2005
  • Publication Author(s) Neil Rankin, Mans Soderbom and Francis Teal
  • Countries and Regions South Africa
This paper investigates whether African manufacturing exporters are more productive than non-exporters and whether these productivity differences precede entry into the export market. We find at expoters are more productive but that productivity does not matter for entry into t export market - suggesting that learning by exporting is important.…
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  • Year 2005
  • Publication Author(s) Simon Hess
  • Countries and Regions South Africa, Southern African Development Community (SADC)
The current implementation of a free trade area in SADC has given rise to concerns that the present location of industry in the region will be adversely affected. Specifically, many of the smaller and less-developed countries fear that this change will result in a loss of their industry towards the…
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  • Year 2005
  • Publication Author(s) K.R. Todani and T.V. Munyama
  • Countries and Regions South Africa
This paper examines the characteristics of short-term fluctuations/volatility of the South African exchange rate and investigates whether this volatility has affected the South Africa's exports flows. In particular the paper investigates the impact of exchange rate volatility on aggregate South African exports flows to the rest of the world, as…
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  • Year 2005
  • Publication Author(s) Dorrit Posel and Daniela Casale
  • Countries and Regions South Africa
In household surveys, earnings data typically can be reported as point values, in brackets or as 'missing'. In this paper we consider South African household survey data that contain these three sets of responses. In particular, we examine whether there are systematic differences between the sample of the employed with…
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  • Year 2005
  • Publication Author(s) L.G. Mohamed
  • Countries and Regions South Africa
Understanding firm competitiveness and product development is crucial to industrial development. The plastics sector provides a good case in which to explore these issues. The plastics sector has been one of the better performing sectors in recent years in terms of output and employment. Plastic products are increasingly replacing metal…
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