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|South Africa and the IMF|
Updated February 14, 2014
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|December 18, 2001 -- IMF Staff Papers - December 2001 - Inflation, Money Demand, and Purchasing Power Parity in South Africa By Gunnar Jonsson|
This empirical study for South Africa indicates that there exists a stable money demand type of relationship among domestic prices, broad money, real income, and interest rates, as well as a long-run relationship among domestic prices, foreign prices, and the nominal exchange rate.
|December 11, 2001 -- IMF Staff Papers - December 2001 - Dynamic Gains from Trade: Evidence from South Africa By Gunnar Jonsson and Arvind Subramanian|
This paper examines the empirical relationship between trade and total factor productivity (TFP) in South Africa. Using data on actual trade protection across different manufacturing sectors, it is shown that trade liberalization had a positive impact on TFP growth during the 1990s.