This paper studies commodity price cycles and their underlying drivers using a dynamic factor model. The study employs a sample of 39 monthly commodity prices over 1970:01 to 2019:12. The analysis identifies global and group-specific cycles in commodity markets and includes them in a structural...

This thesis comprises of six independent chapters, besides the introduction and conclusions, with the common theme of optimal public policies in dynamic general equilibriummodels with different kinds of distortions. Broadly speaking, the issues considered are:tax evasion, bureaucratic...

To translate Vision 2030 into reality, the government prepares National Development Plans (NDPs), which outline the programmes and projects that the country intends to pursue over successive five-year periods. The current NDP, the fourth in the series, has adopted three over-arching goals:...

Namibia is classified as an upper middle-income country with an estimated Gross Domestic Product (GDP) per capita of USD6745 (constant 2000 exchange rate) in 2012 (IMF, 2013). Namibia has historically been one of the main recipients of official development assistance (ODA) in Africa, with an...

This paper tries to assess the relationship between disaggregate energy consumption and industrial output in South Africa by undertaking a cointegration analysis using annual data from 1980 to 2005. We also investigate the causal relationships between the various disaggregate forms of energy...

The main aim of this study is to examine empirically the long-run relationship of money demand and its determinants in South Africa. In contrast with existing studies on the subject, the present study considers various components of real income as determinants. The disaggregated components are...

The main objective for this paper is to test Wagner's law by analysing the causal relationships between real government expenditure and real income for South Africa for the period 1960-2006. The paper tests the long-run relationship between the two variables using the autoregressive distributive...