Inward and Outward Spillovers in the SACU Area

Jorge Canales Kriljenko, Farayi Gwenhamo and Saji Thomas

No 2013/031, IMF Working Papers from International Monetary Fund

Abstract: Spillovers from South Africa into the other members of the Souther Africa Customs Union (known as the BLNS for Botstwana, Lesotho, Namibia, and Swaziland) are substantial reflecting sizeable real and financial interlinkages. However, shocks to real GDP growth in South Africa do not seem to systematically affect growth developments in BLNS countries as a group. Nevertheless, vector autoregressions, which allow country-specific parameters, suggest some strong spillovers onto the smaller economies.

Keywords: WP; Spillovers; Sub-Saharan Africa; SACU area; BLNS country; sub-Saharan Africa economy; imports from the world; South Africa's Gdp; amount South Africa; intra SACU trade; South Africa act; South Africa import; Intraregional trade distribution; SACU Customs revenue formula; Exports; Real exchange rates; Imports; Terms of trade; Africa; Global; Southern Africa (search for similar items in EconPapers)
Pages: 24
Date: 2013-01-31
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=40286 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2013/031

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().