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About the Conference
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Papers
- Day One
- Day Two
- Day Three
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PAPERS
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DAY ONE
Session I
Session I.A: SA Reserve Bank Chair
Testing creative destruction in an opening economy: The case of the South African manufacturing industries by
Philippe Aghion, Johannes Fedderke, Peter Howitt, Chandana Kularatne and Nicola Viegi
Managing disinflation under uncertainty by
Mewael F Tesfaselassie and Eric Schaling
Session I.B: Household Economics
Analysis of perception and adaptation to climate change in the Nile basin of Ethiopia by
Temesgen Deressa
Income effects of time allocation in poor South African households: Evidence from South Africa's old age pension by
Vimal Ranchhod & Martin Wittenberg
Session I.C: Urban and Regional Economics
Local government revenues and expenditures in Uganda: A VAR approach by
Edward B Sennoga
Is a DFM well-suited for forecasting regional house price inflation? by Sonali Das, Rangan Gupta & Alain Kabundi
Session II
Session II.A: Inflation Expectations
The sensitivity of South African inflation expectations to surprises by
Monique Reid
The formation of inflation expectations in South Africa by Nelene Ehlers and Stan du Plessis
Dynamic time inconsistency and the SARB by
Rangan Gupta and Josine Uwilingiye
Session II.B: International Trade
Determinants of Namibian exports: A gravity model approach by
Joel H Eita
Identifying the trade theory model behind Botswana's sectoral exports by
Albert Makochekanwa & André C Jordaan
Tourism-exports and economic growth in Africa by Olayinka Idowu Kareem
Session II.C: Health Economics
Geo-additive models of childhood undernutrition in three sub-Saharan African countries by Ngianga-Bakwin Kandala, Ludwig Fahrmeir, Stephan Klasen & Jan Priebe
Socio-economic inequalities and HIV/AIDS epidemic: Evidence from Sub-Saharan Africa by Chrystelle Tsafack Temah
The effect of HIV status on labor market participation in South Africa by James Levinsohn, Zoe McLaren, Olive Shisana & Khangelani Zuma
Session II.D: Public Economics
Domestic Debt and its Impact on the Economy - The Case of Kenya by Isaya Maana, Raphael Owino & Nahashon Mutai
Fiscal policy rules for managing oil revenues in Nigeria by Moses Obinyeluaku and Nicola Viegi
A bound testing analysis of Wagner's law in Nigeria: 1970-2006 by M Adetunji Babatunde
Session III
Session III.A: Dynamic Stochastic General Equilibrium
Macroeconomic modelling: from system-of-equations to dynamic stochastic equilibrium. A South African example by
Harri Kemp
Forecasting the South African economy with a SOE-NKDSGE model by
Rangan Gupta and Alain Kabundi
An estimated new Keynesian DSGE model of the South African economy by
Rudi Steinbach, Patience Mathuloe & Ben Smit
Session III.B: Finance 2
Estimation of hedge ratios in the South African futures exchange by
Sebenzile Dlamini
A distributional comparison of size-based portfolios on the JSE by
S Janse van Rensburg, D Friskin and G D Sharp
The Costs and Opportunities for Portfolio Diversification in Southern Africa’s Smallest Equity Markets by
Bruce Hearn and Jenifer Piesse
Session III.C: Wage and Schooling Gaps
Explaining the Persistence of Racial Gaps in Schooling in South Africa by
Cally Ardington, David Lam and Murray Leibbrandt
Trends in the gender wage gap and gender discrimination among part-time and full-time workers in post-apartheid South Africa by
Colette Muller
Unions and the gender wage gap in South Africa by
Daniela Casale and Dorrit Posel

DAY TWO
Session IV
Session IV.A: Exchange Rates and Economic Performance
External shocks and the real exchange rate movements in Kenya by
Moses Kiptui & Leonard Kipyegon
Determinants of the equilibrium exchange rate for South Africa's manufacturing sector and implications for competitiveness by David Faulkner and Konstantin Makrelov
Reducing exhange rate volatility and supporting competitiveness by
Eric Schaling
Session IV.B: Computable General Equilibrium
Analysing impacts of alternative policy responses to high oil prices using an energy-focused CGE model for South Africa by Margaret Chitiga, Ismael Fofana and Ramos Mabugu
Infrastructure-growth nexus: A computable general equilibrium analysis for Nigeria by Alarudeen Aminu
Who would really pay for increased electricity prices in SA? A CGE analysis of tax incidence by James Blignaut, Jan van Heerden and André Jordaan
Session IV.C: Finance 1
Inflation and financial development: Evidence from Brazil by Manoel Bittencourt
An augmented capital asset pricing model: Liquidity and stock size in African emerging financial markets by Bruce Hearn, Jenifer Piesse and Roger Strange
Conditional loss estimation using a South African global error correcting macroeconometric model by Albert H de Wet, Reneé van Eyden & Rangan Gupta
Session IV.D: Fertility
Estimating the effect of adolescent fertility on educational attainment in South Africa: A comparison of methods by Vimal Ranchhod, David Lam and Leticia Marteleto
Co-resident and absent mothers: Motherhood and labour force participation in South Africa by
Dorrit Posel and Gabrielle van der Stoep
Teenage motherhood and long-run outcomes in South Africa by
Siv Gustafsson and Seble Worku
Session V
Session V.A: Financial Development and Economic Growth
Financial liberalisation policies and economic growth: Panel data evidence from Sub-Saharan Africa by Babajide Fowowe
Financial structure and economic growth in Nigeria: A macroeconometric approach by Sam O Olofin and Udoma J Afangideh
Globalisation and financial development in Sub-Saharan Africa (1980-2005) by Hakeem Ishola Mobolaji
Session V.B: Inflation
Monetary policy instrument and inflation in South Africa: Structural vector error correction model approach by Lumengo Bonga-Bonga and Alain Kabundi
Measuring the welfare cost of inflation in South Africa: A reconsideration by Rangan Gupta and Josine Uwilingiye
Effects of changes in the official interest rate in an inflation-targeting regime by James Obben
Session V.C: Industrial Organization
Trade-related Business Climate and Manufacturing Export Performance in Africa: A Firm-level Analysis by Neil Balchin and Lawrence Edwards
Price transmission and adjustment in the Ethiopian coffee market by Zerihun G Alemu and Tadesse K Worrako
Loss leader or low margin leader? Advertising and the degree of product differentiation by Witness Simbanegavi
Session VI
Session VI.A: Econometric Issues
The Prebisch-Singer Hypothesis: Four Centuries of Evidence by David Harvey, Neil Kellard, Jakob Madsen and Mark Wohar
The great moderation of the South African business cycle by Stan du Plessis and Kevin Kotze
Optimal Hodrick-Prescott Filtering for South Africa by Leon du Toit
Testing for stationarity with a break in heterogeneous panels where the time dimension is finite by Kaddour Hadri, Rolf Larsson and Yao Rao
Session VI.B: Money and Monetary Policy
Modelling inflation for Kenya by Benjamin O Maturu and Daniel Ndolo
Monetary policy reaction function for Kenya by Henry Rotich, Musa Kathanje and Isaya Maana
Estimating a monetary policy reaction function for the Central Bank of Nigeria (1999-2007) by Fred Ogli Iklaga
Session VI.C: Political Economy Macroeconomics
Costly tax enforcement and financial repression by Rangan Gupta and Emmanuel Ziramba
The political economy of unemployment and threshold effects. A non-linear time series approach by Ruthira Naraidoo and Ioannis A. Venetis
Session VI.D: Banking
Determinants of interest rate spreads in Sub-Saharan African countries: A dynamic panel analysis by Abiodun O Folawewo and David Tennant
An investigation into the determinants of cost efficiency in the Zambian banking sector by Anthony Musonda
The Empirics of Banking Regulation by Fulbert Tchana Tchana

DAY THREE
Session VII
Session VII.A: Forecasting
A dynamic factor model for forecasting macroeconomic variables in South Africa by Alain Kabundi and Rangan Gupta
A gap model for policy analysis and forecasting in Kenya by Benjamin O Maturu
Marshallian macroeconometric model: Bayesian versus non-bayesian perspective by Jacques Kibambe Arnold Zellner and Reneé van Eyden
Session VII.B: Economic Growth
The African growth gap and the realization of the MDGs by Tobias Knedlik and Eva Reinowski
Civil Wars, Human Capital and Economic Growth by Hyesung Kim
R&D Investments and Productivity Growth - An empirical study of the German manufacturing sector over 45 years by Günter Lang
Session VII.C: Exchange Rate Regimes
Exchange rate and economic fundamentals in South Africa by Leroi Raputsoane and Khathu Todani
Regime switching behavior of the nominal exchange rate in Uganda by Eria Hisali
Exchange rate regimes, growth and volatility: An empirical reappraisal by Lassana Yougbaré
Session VII.D: South African Survey Issues
Grouped-data identification of marital behaviour from repeated cross-sections in South Africa by Grace Kumchulesi
Labour market transitions in South Africa: What can we learn from matched labour force survey data? by Vimal Ranchhod and Taryn Dinkelman
The impact of multiple imputation of coarsened data on estimates of the working poor in South Africa by Claire Vermaak
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