THE USE OF A MARSHALLIAN MACROECONOMIC MODEL FOR POLICY EVALUATION: CASE OF SOUTH AFRICA

Jacques Kibambe Ngoie and Arnold Zellner

Macroeconomic Dynamics, 2012, vol. 16, issue 3, 423-448

Abstract: Using a disaggregated Marshallian macroeconomic model, this paper investigates how the adoption of a set of “free market reforms” may affect the economic growth rate of South Africa. Our findings suggest that the institution of the proposed policy reforms would yield substantial growth in aggregate annual real GDP. The resulting annual GDP growth rate could range from 5.3% to 9.8%, depending on which variant of the reform policies was implemented.

Date: 2012
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Working Paper: THE USE OF A MARSHALLIAN MACROECONOMIC MODEL FOR POLICY EVALUATION: CASE OF SOUTH AFRICA (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:macdyn:v:16:y:2012:i:03:p:423-448_00

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