Economics at your fingertips  

Imported Inflation in South Africa: An Empirical Study

Kevin Nell ()

Studies in Economics from School of Economics, University of Kent

Abstract: The main objective of this paper is to analyse the inflationary impact of exchange rate depreciation in South Africa over the period 1984-1998 when the monetary authorities adopted a more market-oriented exchange rate system. Although the empirical part of the paper extensively focuses on this period, the analysis also concentrates on the period 1973-1983 to determine whether the underlying causes of inflation have changed following significant structural, political and institutional changes. From a macroeconomic perspective, the empirical results show that the long-run causes of inflation in South Africa have changed from a demand-pull inflation over the period 1973-1983, to a cost-push cause (import prices and wage rate changes) of inflation since 1987 when a market determined exchange rate finally stabilised.

Keywords: Imported inflation; Import Pass-through; Exchange rate; Phillips curve (search for similar items in EconPapers)
JEL-codes: C22 E24 E31 (search for similar items in EconPapers)
Date: 2000-05
New Economics Papers: this item is included in nep-ifn
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed

Downloads: (external link) (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:

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Studies in Economics from School of Economics, University of Kent School of Economics, University of Kent, Canterbury, Kent, CT2 7FS.
Bibliographic data for series maintained by Tracey Girling ().

Page updated 2021-05-11
Handle: RePEc:ukc:ukcedp:0005