ERSA Working Paper Series

From Economic Research Southern Africa
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287: Efficiency of Optimal Taxation in a Dynamic Stochastic Environment: Case of South Africa

Jacques K. Ngoie and Niek J. Schoeman

286: The Consistency of Merger Decisions in a Developing Country: The South African Competition Commission

Richard J. Grimbeek, Steven F. Koch and Sunel Grimbeek

285: Estimating the inflation threshold for South Africa

Temitope L. A. Leshoro

284: Literacy at South African Mission Stations

Johan Fourie, Robert Ross and Russel Viljoen

283: Islamic Economics: Still in Search of an Identity

Abdulkader C. Mahomedy

282: Micro-evidence on day labourers and the thickness of labour markets in South Africa

Phillip F. Blaauw and Waldo F. Krugell

281: The Exchange Rate, Dutch Disease and Manufacturing in South Africa: What do the Data Say?

Duncan Hodge

280: Evaluation of the Effects of Reduced Personal and Corporate Tax Rates on the Growth Rates of the U.S. Economy

Arnold Zellner and Jacques K. Ngoie

279: The High-Frequency Response of the Rand-Dollar rate to Inflation Surprises

Greg Farrell, Nicola Viegi and Shakill Hassan

278: Inflation Expectations of the Inattentive General Public

Monique Reid

277: Welfare and common property rights forestry: Evidence from Ethiopian villages

Dambala Gelo and Steven F. Koch

276: The Strategic Location of Regional Headquarters for Multinationals in Africa

Busi Radebe and John M. Luiz

274: Reducing illegal immigration to South Africa: A dynamic CGE analysis

Heinrich R. Bohlmann

273: Terms of Trade Shocks and Inflation Targeting in Emerging Market Economies

Albert Touna-Mama, Fulbert Tchana Tchana and Seedwell Hove

272: Contingent valuation of community forestry programs in Ethiopia: Observing preference anomalies in Double-Bounded CVM

Dambala Gelo and Steven F. Koch

271: Fixed-to-Mobile Substitution in the European Union

Lukasz Grzybowski

270: Slave numeracy in the Cape Colony and comparative development in the eighteenth century

Johan Fourie and Jörg Baten

269: The Impact of Later Retirement Ages on Aggregate Household Savings and Saving Rates: An Analysis of OECD Countries

Aylit T. Romm and Martha Wolny

268: The wealth of the Cape Colony: Measurements from probate inventories

Johan Fourie

267: An alternative business cycle dating procedure for South Africa

Adél Bosch and Franz Ruch

266: Retirement Date Effects on Pre-Retirement Wealth Accumulation: An Analysis of US Households

Aylit T. Romm

265: Determining the impact of low-cost housing development on nearby property prices using discrete choice analysis

Mario du Preez and Michael C. Sale

264: Modeling and policy analysis for the U.S. Science Sector

Arnold Zellner and Jacques K. Ngoie

263: Price Discovery and Price Risk Management Before and After Deregulation of the South African Maize Industry

Alexander Behar

262: What drives remittance inflows to Sub-Saharan Africa: A Dynamic Panel Approach

Emmanuel Owusu-Sekyere, Francis M. Kemegue and Reneé van Eyden

261: Chinese Foreign Direct Investment in Africa

Carike Claassen, Elsabé Loots and Henri Bezuidenhout

260: The Determinants of African Tourism

Johan Fourie and Maria Santana-Gallego

259: Remittances and the Dutch disease in Sub-Saharan Africa. A Dynamic Panel Approach

Emmanuel Owusu-Sekyere, Francis M. Kemegue and Reneé van Eyden

258: Measuring the indirect costs associated with the establishment of a wind farm: An application of the Contingent Valuation Model

Gordon Menzies, Mario du Preez, Michael C. Sale and Stephen G. Hosking

257: The valuation of biodiversity conservation by the South African Khomani San “bushmen” community

Edwin Muchapondwa and Johane Dikgang

256: Towards a Measure of Core Inflation using Singular Spectrum Analysis

Dirk Besteri and Franz Ruch

255: Rethinking equilibrium conditions in macromonetary theory: A conceptually rigorous approach

Piet-Hein Van Eeghen

254: Talking to the inattentive public: How the media translates the Reserve Bank’s communications

Monique Reid and Stan Du Plessis

253: Global Financial Crises and Time-varying Volatility Comovement in World Equity Markets

Alain Kabundi and Andrew S. Duncan

252: Volatility Spillovers between the Equity Market and Foreign Exchange Market in South Africa

Jamela Hoveni and Lumengo Bonga-Bonga

251: The Economics of Information Technology in Public Sector Health Facilities in Developing Countries: The Case of South Africa

Gregory B. Cline and John M. Luiz

250: Trade Shocks from BRIC to South Africa: A Global VAR Analysis

Alain Kabundi and Mustafa Y. Çakir

249: A reconsideration of what and who is middle class in South Africa

Dorrit Posel and Justin Visagie

248: Does One Size Fit All? Heterogeneity in the Valuation of Community Forestry Programs?

Dambala Gelo and Steven F. Koch

247: Do Monetary, Fiscal and Financial Institutions Really Matter for Inflation Targeting in Emerging Market Economies?

Albert Touna-Mama, Fulbert Tchana Tchana and Seedwell Hove

246: No-Arbitrage One-Factor Models of the South African Term-Structure of Interest Rates

Peter Aling and Shakill Hassan

245: Property rights, institutions and source of fuel wood in rural Ethiopia

Abebe Beyene and Steven F. Koch

244: What Drives Corruption? Evidence from North African Firms

Clara Delavallade

243: Demand for cooking fuels in a developing country. To what extent do taste and preferences matter?

Isaac Dasmani, Peter B. Aglobitse and Wisdom Akpalu

242: Ethnic Solidarity and the Individual Determinants of Ethnic Identification

Thomas Bossuroy

241: The impact of social housing developments on nearby property prices: A Nelson Mandela Bay Case Study

Mario du Preez and Michael C. Sale

240: Do Bayesians learn their way out of ambiguity?

Alexander Zimper

239: The recreational value of beaches in the Nelson Mandela Bay area, South Africa

Deborah E. Lee, Mario du Preez and Stephen G. Hosking

238: “Global since Gold†The Globalisation of Conglomerates: Explaining the Experience from South Africa, 1990 – 2009

Grietjie Verhoef

237: Do rent-seeking and interregional transfers contribute to urban primacy in sub-Saharan Africa?

Alain P. Bala and Kristian Behrens