Inward and Outward Spillovers in the SACU Area

Author/Editor:

Jorge I Canales Kriljenko ; Farayi Gwenhamo ; Saji Thomas

Publication Date:

January 31, 2013

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Spillovers from South Africa into the other members of the Souther Africa Customs Union (known as the BLNS for Botstwana, Lesotho, Namibia, and Swaziland) are substantial reflecting sizeable real and financial interlinkages. However, shocks to real GDP growth in South Africa do not seem to systematically affect growth developments in BLNS countries as a group. Nevertheless, vector autoregressions, which allow country-specific parameters, suggest some strong spillovers onto the smaller economies.

Series:

Working Paper No. 13/31

Subject:

English

Publication Date:

January 31, 2013

ISBN/ISSN:

9781475522419/1018-5941

Stock No:

WPIEA2013031

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

24

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