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

Jacques Kibabmbe () and Arnold Zellner
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Jacques Kibabmbe: Department of Economics, University of Pretoria

No 201013, Working Papers from University of Pretoria, Department of Economics

Abstract: Using a disaggregated Marshallian Macroeconomic Model (MMM-DA), this paper investigates how the adoption of a set of 'free market reforms' may affect the economic growth rate of South Africa. Accounting for possible side effects mainly on the budget deficit, our findings suggest that the institution of the proposed policy reforms would yield a substantial growth in the aggregate annual real GDP. The resulting GDP growth rate could range from 5.3 percent to 9.8 percent depending on which variant of the reform policies is implemented.

Keywords: Marshallian Macroeconometric Model; Disaggregation; Transfer functions (search for similar items in EconPapers)
JEL-codes: E27 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2010-06
New Economics Papers: this item is included in nep-afr, nep-fdg and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: THE USE OF A MARSHALLIAN MACROECONOMIC MODEL FOR POLICY EVALUATION: CASE OF SOUTH AFRICA (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pre:wpaper:201013

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