Is there a Phillips curve relationship present in South Africa and if so, what form does it take? Traditionally the method to establish whether or not there is a relationship between the output gap and the change in inflation is merely to regress the latter on the former. This yields the...

Developmental states are often associated with high economic growth. Japan, South Korea, China and Brazil are all examples, most of which grew at phenomenal rates. The National Development Plan in South Africa sets out the intention of the South African government to transform the government...

The question this paper investigates is whether or not different metropolitan areas each constitute a separate housing market or whether or not there is a single South African housing market. Theory on the Law of One Price suggests that if products or geographic areas belong in the same market,...

During the last decade economic literature explored the presence of and reasons for what became known as "the great moderation" in the US and other G7 countries. "The great moderation" describes the decrease in economic volatility experienced in many of the G7 countries. This paper finds that in...

Over the past three decades many countries have struggled to find solutions to their persistent public sector deficits. For some the solution to this problem seemingly became the adoption of fiscal rules. This paper considers the applicability of one such rule, namely the output-sensitive...

This paper considers whether or not the poor performance of many African countries can be ascribed to a dependency on primary commodity exports. This is a multidimensional question which concerns the Prebisch-Singer Hypothesis, commodity price volatility, the dependence of GDP on exports and the...