Research interests

AKANBI, OA

Associate Professor

Areas of research

• Macroeconomics
• International Trade
• Public finance
• Macro-Econometric Modelling
• Time-series Econometrics

Articles

1. 'Does governance matter in infrastructure: Evidence from Sub-Saharan Africa", International Business and Economic Research Journal, 12(1), 2013
2. "The role of governance in explaining domestic investment in Nigeria", South African Journal of Economics 80(4), 2012
3. Co-authored "Macroeconomic impact of Eskom's six-year capital investment programme", South African Journal of Economics and Management Sciences, 15(2), 2012, with R Seymore and I Abedian
4. Co-authored "Macro-econometric modeling for the Nigerian economy: A growth-poverty gap analysis", Economic Modelling, 28, 2011, with CB du Toit
5. "Macro determinants of technological progress in Nigeria", South African Journal of Economic and Management Sciences, 14(3), 2011
6. Co-authored "The determinants of public expenditure and expenditure on education in particular in a selection of African countries", South African Journal of Economic and Management Sciences, 13(1), 2010, with NK Schoeman
7. Co-authored "The Ricardian theory of comparative advantage between South Africa and the USA in the manufacturing sector", Journal for Studies in Economics and Econometrics, 32(2), 2008, with AC Jordaan

HO, SY

Lecturer

Areas of research

• Monetary economics
• Development economics

Articles

1. Co-authored "Stock market development and economic growth in Hong Kong: An empirical investigation", International Business & Economic Research Journal, 11(7), 2012, with NM Odhiambo
2. Co-authored "Finance and poverty reduction in China: An empirical investigation", International Business & Economic Research Journal, 11(7), 2012, with NM Odhiambo
3. Co-authored "Renewable energy policy landscape in South Africa: Moving towards a low carbon economy", WIT Transactions on Ecology and the Environment, 14, 2011, with G Nhamo

HODGE, D

Professor

NRF-rated Researcher (category C3)

Areas of research

• International economics (international, monetary and financial aspects)
• Macroeconomics
• Methodology of economics and history of economic thought

Articles

1. "Economics, realism and reality: A Comparison of Maki and Lawson", Cambridge Journal of Economics, 32(2), 2008
2. "Inflation and growth in South Africa", Cambridge Journal of Economics, 30(2), 2006
3. "Inflation versus unemployment in South Africa: Is there a trade-off?", The South African Journal of Economics, 70(2), 2002
4. "A tale of two governors: Monetary policy and the South African economy, 1981-1999", South African Journal of Economic History, 16(1&2), 2001
5. "Realism and determinism: Some thoughts on neoclassical economics", Acta Academica, 33(3), 2001
6. "The monetary approach: A methodological appraisal", The South African Journal of Economics, 67(4), 1999 (Awarded the JJI Middleton medal by the editors for the best first paper published in the Journal for 1999)
7. "Testing purchasing power parity theory: A Case study in non-falsification", Journal for Studies in Economics and Econometrics, 23 (1), 1999
8. "The meaning and limitations of falsificationism in the methodology of economics", Acta Academica, 26(1), 1995
9. "Does the weight of funds support equity prices on the Johannesburg Stock Exchange?", The Investment Analysts Journal, 40, Summer 1995
10. "A comparison of the Mundell-Fleming: Monetary and portfolio approaches to exchange rate determination", Journal for Teachers of the Economic Sciences, 7(1), 1993
11. Co-authored "The paradox of black pupil enrolment growth rates in South Africa: A rejoinder", Development Southern Africa, November 1993, with A Paterson
12. "Dual exchange rates as a mechanism for coping with speculative capital movements", Journal for Studies in Economics and Econometrics, 14 (2), 1990

INGGS, EJ

Senior Lecturer

Areas of research

• Economic history of South Africa
• Early woolwashing industry in the Cape

Articles/books

1. "The second decade: The South African Journal of Economic History 1996-2005", South African Journal of Economic History, 21(1&2), 2006
2. Co-authored Economics for all, Macmillan, Braamfontein, 2005, with J Luiz, K Mangondo and FHB Serfontein
3. Co-authored "An overview of the South African economy in the 1990s", South African Journal of Economic History, 18(1&2), 2003, with S Jones
4. Co-authored "An overview of the South African economy in the 1970s", South African Journal of Economic History, 14(1&2), 1999, with S Jones
5. "The first decade", South African Journal of Economic History, 11(1), 1996
6. Co-authored "An overview of the South African economy in the 1980s", South African Journal of Economic History, 9(2), 1994, with S Jones
7. "Early Port Elizabeth harbour development schemes 1820-1855", South African Journal of Economic History, 6(2), 1990
8. Co-authored "South Africa's balance of payments 1946-1985", South African Journal of Economic History, 4(2), 1989, with PJ Mohr and M Botha
9. Co-authored The practical guide to South African economic indicators, Lexicon, Johannesburg, 1988, with P Mohr, C van der Merwe with Z Botha
10. "Port Elizabeth's response to the expanding economy of Europe 1820-1870", South African Journal of Economic History, 3(2), 1988
11. "Mfengu beach labour and Port Elizabeth harbour development, 1835-1870", Contree (Journal for South African urban and regional history), 21, 1987
12. "Liverpool of the Cape: Port Elizabeth Trade 1820-1870", South African Journal of Economic History, 1(1), 1986

JOUBERT, SJ

Senior Lecturer

Areas of research

• Monetary policy
• Sustainable development
• Financial markets
• Financial planning

Articles/books

1. Co-authored "Lewenstandaard: 'n Ekonomiese perspektief op lewensgehalte in Suid-Afrika", Tydskrif vir Geesteswetenskappe, 53(1), 2013, with J Rossouw
2. Co-authored "Creativity in economics teaching" in M Coetzee, J Botha, N Eccles, N Holtzhausen & H Nienaber, (eds) Developing student graduateness and employability: Issues, provocations, theory and practical guidelines, Sandton, 2012, with B Serfontein
3. Co-authored "Surveying inflation credibility: three ways", Central Banking, 20(4), 2010, with V Padayachee and J Rossouw
4. Co-authored "A perspective on inflation credibility", South African Journal of Economic and Management Sciences, 8(4), 2005, with J Rossouw
5. Co-authored "Supporting an inflation targeting policy with the measurement of inflation credibility", South African Journal of Economics, 73(2), 2005, with J Rossouw

KHUMALO, MJ

Senior Lecturer

Areas of research

• Macroeconomics
• International finance
• Monetary economics
• Time series analysis
• Financial economics

LESHORO, LA

Senior Lecturer

Areas of research

• Health economics
• Econometrics
• Macroeconomics
• Monetary economics
• Tourism

Articles

1. "Foreign aid and economic growth in South Africa: An empirical analysis using Bounds Testing", Journal of Economic and Financial Sciences, 6(1), 2013
2. "Estimating the inflation threshold for South Africa", ERSA Working Paper 285, 2012
3. "Estimating the inflation threshold for South Africa", Journal of Studies in Economics and Econometrics, 36(2), 2012
4. Co-authored "International Tourism and Economic Development in South Africa: A Granger Causality Test", International Journal of Tourism Research, 12(2), 2010, with OA Akinboade
5. Co-authored "Factors affecting malaria epidemics and its economic impacts on households in Ajegunle, Lagos State, Nigeria", Journal of Interdisciplinary Economics, 21(1), 2009, with DD Tewari and KG Bokana
6. As L Braimoh, "Empirical analysis of the determinants of savings in Lesotho", Discussion Paper, No 54, 2004, School of Economics and Management, University of KwaZulu-Natal

MALEFANE, RM

Senior Lecturer

Areas of research

• Macroeconomic policy analysis
• Monetary economics
• Trade and investment

Articles

1. "Determinants of foreign direct investment in Lesotho: Evidence from co-integration and error correction modeling", South African Journal of Economic and Management Sciences, 10(1), 2007
   
   
   

MARAIS, MR

Senior Lecturer

Areas of research

• Law and economics

ODHIAMBO, NM

Professor

NRF-rated Researcher (category C2)

Areas of research

• Monetary economics
• International finance
• Development economics
• Financial sector reforms in sub-Saharan Africa (SSA)
• Macroeconometrics

Articles/books

1. The impact of financial liberalisation in developing countries: Experiences from four SADC countries, OSSREA, Addis Ababa, 2011
2. "A chronological overview of the financial systems in Tanzania", APE, 1, 2012
"Tourism and economic growth in Kenya: An empirical investigation", International Business and Economic Research, 11(5), 2012, with ON Kibara and JM Njuguna
3. "Stock market development, foreign capital inflows and economic growth in Zimbabwe: A multivariate causality test", Corporate Ownership and Control (COC), 9(2), 2012, with K Tsaurai
"Inflation dynamics and economic growth in Tanzania: A multivariate time series model", Journal of Applied Business Research, 28(3) "Foreign direct investment and economic growth in Zimbabwe: A dynamic causality test", International Journal of Economic Policy in Emerging Economies, 5(2), 2012, with K Tsaurai
4. "Stock market development and economic growth in Hong Kong: An empirical investigation", International Business & Economics Research Journal, 11(7), 2012, with SY Ho
"The efficacy of financial liberalization in Ivory Coast", EMFM Journal, 7(2), 2012, with EL Owusu
5. "Oil prices and economic growth in South Africa: A trivariate simulation", APE, 133(7), 2012
"Tourism sector development and poverty reduction in South Africa", APE, 133(7), 2012, with C Van Zyl
6. "The dynamics of capital market development in Zimbabwe", COC, 9(2), 2012, with K Tsaurai
7. "The impact of inflation on financial sector development: Experience from Zambia", Journal of Applied Business Research, 28(6), 2012
8. "The dynamics of financial sector reforms in Kenya", Actual Problems in Economics, 8 (122), 2011
9. "Financial restraints in developing countries: The new orthodoxy of monetary policy", COC, 8(4), 2011
10. "Tourism development and economic growth in Tanzania: Empirical evidence from the ardl-bounds testing approach", ECECSR, 45(3), 2011
11. "A critical review of alternative monetary policies to the inflation-targeting policy", COC, 8(4), 2011, with P Maumela
12. "Twenty years of inflation targeting: What can African countries learn from this policy?", Africa Growth Agenda, 6, 2011
13. Co-authored "Financial development and poverty reduction in China: An empirical investigation", International Business and Economics Research Journal, 10(8), 2011, with SY Ho
14. "Growth, employment and poverty in South Africa: In search of a trickle-down effect", Journal of Income Distribution, 20(1), 2011
15. "Financial intermediaries versus capital markets: A South African experience", International Business and Economics Research Journal, 10(2), 2011
16. "Capital market development and economic growth: Empirical evidence from South Africa", Corporate Ownership and Control, 8(2), 2011
17. "Carbon emissions and economic growth in South Africa", International Business and Economics Research Journal, 10(7), 2011
18. "The role of interest rates in Lesotho: An empirical investigation", Journal of Applied Business Research, 27(4), 2011
19. "Financial deepening, capital inflows and economic growth nexus in Tanzania: A multivariate model", Journal of Social Sciences, 28(1), 2011
20. "Interest rates and credit allocation in Tanzania: An ARDL-bounds testing approach", International Business and Economics Research Journal, 9(5), 2010
21. "Interest rate reforms, financial deepening and economic growth in Tanzania", Journal of Economic Policy Reform, 13(2), 2010
22. "Energy consumption, prices and economic growth in three SSA countries: A comparative study", Energy Policy, 38, 2010
23. "Is financial development a spur to poverty reduction? Kenya's experience", Journal of Economic Studies, 37(4), 2010
24. "Finance-investment-growth nexus in South Africa: An ARDL-bounds testing approach", Economic Change and Restructuring, 43, 2010
25. "Interest rate deregulation, bank development and economic growth in South Africa: An empirical investigation", International Business and Economics Research Journal, 9(11), 2010
26. "Bank-based financial deepening and economic growth in Lesotho: A multivariate simulation", ECECSR, 2, 2010
27. "The efficacy of financial liberalisation in developing countries: A revisionist view", Corporate Ownership and Control, 8, 2010
28. "Are banks and stock markets positively related? Empirical evidence from South Africa", Journal of Applied Business Research, 26(6), 2010
29. "Electricity consumption, labour force participation rate and economic growth in Kenya: An empirical investigation", Problems and Perspectives in Management, 1, 2010
30. "Financial deepening and poverty reduction in Zambia: An empirical investigation", International Journal of Social Economics, 37(1), 2010
31. "Interest rate reforms, financial deepening and economic growth in Kenya: An empirical investigation", Journal of Developing Areas, 43(1), 2009
32. Co-authored "Interest rate reforms and financial deepening in Botswana: An empirical investigation", Economic Notes, 38(1-2), 2009, with OA Akinboade
33. "Finance-growth nexus and inflation dynamics in Kenya: An empirical investigation", Savings and Development, 33(1), 2009
34. "Finance-growth-poverty nexus in South Africa: A trivariate causality test", Journal of Socio-Economics, 48(2), 2009
35. "Savings and economic growth in South Africa: A multivariate causality test", Journal of Policy Modeling, 31(5), 2009
36. "Financial sector liberalisation and the current global financial crisis: A case for financial restraints", Africa Growth Agenda, 6(3), 2009
37. "Electricity consumption and economic growth in South Africa: A trivariate causality test", Energy Economics, 31(5), 2009
38. "Interest Rates, financial reforms and economic growth in Zambia: A dynamic specification model", African Development Review, 21(3), 2009
39. "Energy consumption and economic growth in Tanzania: An ARDL bounds testing approach", Energy Policy, 37(2), 2009
40. "Interest rate reforms, financial depth and savings in Tanzania: A dynamic linkage", Savings and Development, 32(2), 2008
41. "Financial liberalisation and investment in Tanzania", Journal for Studies in Economics and Econometrics, 32(2), 2008
42. "Interest rate deregulation policy in developing countries: Some controversies", Africa Growth Agenda, 5(2), 2008
43. "Financial depth, savings and economic growth in Kenya: A dynamic causal linkage", Economic Modelling 25, pp704-13, 2008
44. Co-authored "Financial sector development and economic growth: An empirical analysis of two southern African countries", Journal for Studies in Economics and Econometrics, 31(3), 2007, with P Takaendesa
45. "Supply-leading versus demand-following hypothesis: Empirical evidence from three SSA countries", African Development Review, African Development Bank, 19(2), 2007
46. "The determinants of savings in South Africa: An empirical investigation", African Finance Journal, 9(2), 2007
47. "Does financial liberalisation really improve the allocative efficiency of investment? Kenyan experience, African Finance Journal, 9(1), 2007
48. "From financial repression to financial liberalisation: Some conceptual issues", Africa Growth Agenda, 4(1), 2007
49. "Financial liberalisation and savings in South Africa: An empirical analysis", African review of money: Finance and Banking - Savings and Development (supplementary issue), 2006
50. "Financial development and economic growth in Tanzania: A dynamic causality test", African Finance Journal, 7(1), 2005
51. "Financial liberalisation and financial deepening: The case of three sub-Saharan African countries", African review of money: Finance and Banking - Savings and Development (supplementary issue), 2005
52. "Money and capital investment in South Africa: A dynamic specification model", Journal of Economics and Business, 57(3), 2005
53. "Is financial development still a spur to economic growth? A causal evidence from South Africa", Savings and Development, 28(1), 2004
54. "Money and physical capital are complementary in Kenya", International Economic Journal, 18(1), 2004
55. "Money demand in Tanzania: A dynamic test of McKinnon's complementarity hypothesis", African Finance Journal, 6(1), 2004
56. "Interest rate reforms and investment efficiency: The case of two sub-Saharan African countries", Savings and Development, 27(3), 2003
57. "Financial sector reforms and investment efficiency in South Africa", African Journal of Finance and Management, 11(1), 2002
58. "Financial development and economic growth: Kenya's experience", African Journal of Finance and Management, 10(2), 2002
59. "Financial sector reforms, savings and economic development in Kenya", African review of money: Finance and Banking - Savings and Development (supplementary issue), 2002

ROSSOUW, JJ

Professor

NRF-rated Researcher (category C2)

Areas of research

• Monetary policy and central banking
• Inflation perceptions and inflation credibility
• Macroeconomic convergence in the Southern African Development Community (SADC)

Articles/books

1. Co-authored "Taking public interest too far: Walmart Stores Inc v Massmart Holdings Ltd", SA Mercantile Law Journal, 25(1), 2013 with J Staples and M Holland.
2. Co-authored "Lewenstandaard: 'n Ekonomiese perspektief op lewensgehalte in Suid-Afrika", Tydskrif vir Geesteswetenskappe, 53(1), 2013, with F Joubert
3. Compiler and editor of South African Reserve Bank 2011: Commemorative publication, 90th anniversary, SA Reserve Bank, Pretoria, 2012
4. Co-authored "When private shares meet public interest", Central Banking, 22(2), 2011, with A Breytenbach
5. Co-authored "A comparison of inflation expectations and inflation credibility in South Africa: results from survey data", South African Journal of Economic and Management Sciences, 14(3), 2011, with V Padayachee and A Bosch
6. Co-authored "Reflecting on ninety years of intermittent success: The experience of the South African Reserve Bank with inflation since 1921", Economic History of Developing Regions, 26(Supplement 1), 2011, with V Padayachee
7. Co-authored "Identifying central banks with shareholding: A review of available literature", Economic History of Developing Regions, 26(Supplement 1), 2011, with A Breytenbach
8. "A selective reflection on the institutional development of the South African Reserve Bank", Economic History of Developing Regions, 26(Supplement 1), 2011
9. Co-authored "Surveying inflation credibility: three ways", Central Banking, 20(4), 2010, with V Padayachee and F Joubert
10. Co-authored "Vergoedingsneigings in die openbare sektor gedurende volgehoue inflasie - 'n ekonomiese perspektief", Tydskrif vir Geesteswetenskappe, 50(2), 2010, with V Padayachee
11. Co-authored "Links or disconnect: a first consideration of inflation expectation and inflation credibility, with specific reference to South Africa", South African Journal of Economic and Management Sciences, 12(4), 2009, with V Padayachee and A Bosch
12. "Further down memory lane: A note reflecting on the missing four", South African Journal of Economics, 77(3), 2009
13. Co-authored "Die implikasies van 'n regstaat vir ontwikkelende lande", Tydskrif vir Geesteswetenskappe, 49(2), 2009, with D Strauss and J Fourie
14. Co-authored "Measuring inflation credibility: results of a first representative South African sample", South African Journal of Economics, 77(2), 2009, with V Padayachee and A Bosch
15. Inflation in South Africa: 1921 to 2006. History, measurement and credibility, VDM Verlag Dr Muller, Saarbrucken, 2009
16. South African Reserve Bank: History, functions and institutional structure, SA Reserve Bank, Pretoria, 2009
17. Co-authored "Central bank employees and inflation credibility", Central Banking, 19(2), 2008, with V Padayachee and J Fourie
18. Co-authored "South African price changes and inflation since 1974: a note on the testing of inflation", South African Journal of Economic and Management Science, 11(2), 2008, with
19. Co-authored "Is welvaart en armoede 'n nulsom spel?" Tydskrif vir Geesteswetenskappe, 48(2), 2008, with J Fourie
20. Co-authored "A study on inflation credibility among students at the University of Pretoria", South African Journal of Economic and Management Science, 10(1), 2007, with V Padayachee
21. "South Africa's role in macroeconomic convergence in SADC", South African Reserve Bank: Conference series, 2006 (published conference proceedings)
22. "An analysis of macro-economic convergence in SADC", South African Journal of Economics, 74(3), 2006
23. "Kan makroekonomiese konvergensie in die Suider-Afrikaanse Ontwikkelingsgemeenskap lei tot die suksesvolle vestiging van 'n monetêre unie en 'n sentrale bank in die streek?" Tydskrif vir Geesteswetenskappe, 46(2), 2006
24. Co-authored "A perspective on inflation credibility" South African Journal of Economic and Management Sciences, 8(4), 2005, with F Joubert
25. Co-authored "Supporting an inflation targeting policy with the measurement of inflation credibility", South African Journal of Economics, 73(2), 2005, with F Joubert
26. "Monetêre beleid in Suid-Afrika sedert 1965: vanaf direkte beheer tot inflasietiekens", Tydskrif vir Geesteswetenskappe, 45(2), 2005
27. "Kommentaar op die artikel van prof Sampie Terreblanche", Tydskrif vir Geesteswetenskappe, 45(1), 2005
28. "A brief note on Nel and Lekalake: Monetary transparency in South Africa", South African Journal of Economics, 72(5), 2004
29. "Building inflation credibility", Central Banking, 13(4), 2003
30. "Further problems of inflation targeting", Central Banking, 13(3), 2003
31. "Establishing the credibility of inflation targets", Central Banking, 13(1), 2002