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Working Papers

Publication

Does the uptake of multiple climate smart agriculture practices enhance household savings, food security and household vulnerability to climate change? Insights from Zimbabwe

Boscow Okumu, Herbert Ntuli, Edwin Muchapondwa, Gibson Mudiriza and Alfred Mukong
Climate change and variability poses a significant hindrance on agricultural productivity. The adverse effects are particularly concerning in many African countries that rely more on rainfed subsistence agriculture for livelihood. The promotion of climate smart agriculture technologies as a pathway...
Jan 2022
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Publication

Measuring and Testing a Modified Version of the South African Financial Cycle

Malibongwe C Nyati, Christian K Tipoy and Paul F Muzindutsi
This study reports on measuring and testing of a Composite Financial Cycle Index (CFCI) as a modified version of a South African Financial Cycle (FC). This is achieved through the adoption of thirteen monthly financial time series indicators observed over the period 2000M1 to 2018M12. In this...
Oct 2021
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Publication

Measuring and Testing a Modified Version of the South African Financial Cycle

Malibongwe C Nyati, Christian K Tipoy and Paul F Muzindutsi
This study reports on measuring and testing of a Composite Financial Cycle Index (CFCI) as a modified version of a South African Financial Cycle (FC). This is achieved through the adoption of thirteen monthly financial time series indicators observed over the period 2000M1 to 2018M12. In this...
Oct 2021
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Publication

Government Religious Preference and Intrastate Conflict

Eduard van der Merwe, Carolyn Chisadza and Matthew Clance
Understanding the causes and consequences of conflicts continues to be an important contribution to the economic development literature, particularly the mechanisms that can reduce civilian deaths. We contribute to understanding attacks on civilians and the spillover effects by analysing the impact...
Aug 2021
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Publication

Risk and Return Spillovers in a Global Model of the Foreign Exchange Network

Matthew Greenwood-Nimmo, Daan Steenkamp and Rossouw van Jaarsveld
We developed a network model to capture the dynamic interactions among foreign exchange returns and realised risk measures among 20 developed and emerging market currencies, including the rand (ZAR). We demonstrate how this framework can be used to assess the sensitivity of a given currency to...
Aug 2021
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Publication

Household debt and consumption dynamics: A non-developed world view following the financial crisis

Adél Bosch, Matthew Clance and Steven F. Koch
According to recent macroeconomic evidence (Bosch and Koch 2020b; Farrell and Kemp 2020), the global financial crisis is still impacting the South African financial landscape more than 10 years later. In an effort to better understand the effect of the financial crisis, we examine household debt...
Jul 2021
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Publication

Differential corporate taxation and inter-asset investment distortions in South Africa

Mashekwa Maboshe
South Africa has since the 1990's actively reformed its corporate tax policy to stimulate investment in various assets and industries. While the investment impact of corporate taxation has been evaluated in various studies, no effort has been made to assess the potential inter-asset distortions due...
Jul 2021
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Publication

Fiscal risks and their impact on banks’ capital buffers in South Africa

Konstantin Makrelov, Neryvia Pillay and Bojosi Morule
South Africa’s fiscal balances have deteriorated significantly over the last decade, while the economy has been recording disappointing economic growth rates even prior to the COVID-19 crisis. In this paper, we estimate a series of equations using the Arellano and Bond (1991) estimator to test how...
Jun 2021
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