This study investigates the impacts of public expenditure innovations on exchange rate volatility in South Africa using quarterly data for the period 1970–2019. To achieve this objective, a version of the vector autoregressive impulse response model...
Even though poverty and inequality have been of overriding concern in South Africa’s development policies and programmes since its democratization in 1994, measures of poverty, inequality, and related phenomena in the country do not show a clear...
Part of Book Social Mobility in Developing Countries
This study investigates the effect of real exchange rate volatility on the distribution of income between labour and capital in South Africa. Both symmetric and asymmetric effects are considered. Using quarterly data for 1985:1–2018:3 and local...
Part of Journal Special Issue Fiscal Policy, State Building and Economic Development
Part of Journal Special Issue Fiscal Policy, State Building and Economic Development
Building on the literature of the political economy of taxation, this article explores the relationship between political competition and tax revenues using a sample of 89 developing countries from 1988 to 2010. Owing to the inertia of tax variables...
Modelling the underlying long-run trend of metal prices is important, given that selected metals are a source of income for many countries. However, estimating the underlying trend has proven to be difficult, given the persistence and volatility of...
As developing countries rapidly urbanize, the number of people living in ‘slums’—neighbourhoods lacking property rights and basic services—continues to increase. Whether slum residents will ultimately share in the benefits of the cities they help...
In this study, we develop an empirical framework that allows us to trace out a time path of metal prices. This framework shows that unpredictable shifts in demand, extraction costs and discovery of reserves, make estimation of the slope of this...
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