Department of Economics

Recent publications by staff

Recent publications

  • Ho, S.Y. and Damane, M. 2024. The impact of financial inclusion on financial stability: Review of theories and international evidence, 2024, Development Studies Research, 11(1), 2373459.
  • Robinson, Z. and De Beer, J. 2024. Does Value-added Tax Revenue Inspire Growth? Evidence from Southern Africa. African Finance Journal, 26(1). https://journals.co.za/doi/abs/10.10520/ejc-finj_v26_n1_a3.
  • Leshoro, TLA. 2024. “Inflation Dynamics and Policy Mix in Ghana” Folia Oeconomica Stetinensia. Vol. 24, No. 1. pp 124 – 143. DOI: 10.2478/foli-2024-0008.
  • Malefane, M.R. 2024. Prospects and challenges of achieving structural transformation in Africa through the African Continental Free Trade Area. International Journal of Business and Economic Development, 12(1): 25-39. https://doi.org/10.24052/IJBED/V012N01/ART-01.
  • Stevens, M. and Vermeulen, C. 2024. Derivative Markets and Economic Growth: A South African Perspective. Economies, 12(11), pp.1–21. https://doi.org/10.3390/economies12110312.
  • Vermeulen, C. 2024. Die rol van die produksiegaping in Suid-Afrikaanse monetêre beleid (The role of the output gap in South African monetary policy). Suid-Afrikaanse Tydskrif vir Geesteswetenskappe (South African Journal of Humanities), 63(4), pp.434–453.
  • Vermeulen, C. 2024. Central Bank Independence, Inflation and Money Growth: Evidence from South Africa. Southern African Business Review. https://doi.org/10.25159/1998-8125/1437.
  • Van Zyl, C.J. and Le Roux, W.J. 2023. Implementing continuous assessment in an academic programme for more effective learning. In Letseka, M & Roberts, J. Mediating Open Distance e-Learning in the Advent of Global Crises. Pretoria: Unisa Press. DOI: https://doi.org/10.25159/14.
  • Van Zyl, C.J. 2023. ECS1500: An Economics Module to Accommodate Diverse Learning needs of Young Adults. In Singh, S. (Ed.). 9th e-Learning Excellence Awards 2023: An anthology of case histories, Academic Conferences International Limited: Reading.
  • Ho, S.Y. and Mandeya, S. 2023. Inflation and economic growth trends: Global and South African Perspectives. Acta Economica, 21(39), 91-109.
  • Ho, S.Y. and Vacu-Ngqila, N. 2023. A comprehensive overview of small, medium and micro enterprises development in South Africa. Acta Universitatis Danubius. Œconomica, 19(5), 215-240.
  • Mdingi, K. & Ho, S.Y. 2023. Income inequality and economic growth: An empirical investigation in South Africa, Cogent Economics & Finance, 11:2, 223002. https://doi.org/10.1080/23322039.2023.2230027.
  • Malefane, M.R. 2023. ‘Dynamic estimation of a traditional import demand function for Botswana’. Global Journal of Emerging Market Economies, 1-13, https://doi.org/10.1177/09749101221104226.
  • Leshoro, TLA. & Wabiga, P. 2023. “The Asymmetric Effects of Interest Rates on Private Investment in South Africa” Acta Universitatis Danubius. Œconomica, Vol. 19, No. 3. pp 161 – 182. ISSN 2065-0175.
  • Leshoro, TLA. 2023. “An Analysis of the Importance of Terms of Trade in South Africa Using Impulse Response Function”. Global Business Review, Vol. 24, No. 2, First published April 2020. pp 243 – 257 https://doi.org/10.1177/0972150920916558
  • Mamafake, H.M., & Leshoro, TLA. 2022. “Effects of Government Investment and Consumption Spending on Economic Growth in South Africa: a Further Disaggregation using ARDL Approach” International Journal of Economics and Finance Studies, Vol. 14, No. 2. pp 388 – 409.
  • Ho, S.Y. and Mandeya, S. 2022. Inflation, Inflation Uncertainty and the Economic Growth Nexus: A Review of the Literature. Folia Oeconomica Stetinensia, Vol.22, No. 1, 172-190.
  • Bandura, W. N., & Leshoro, TLA. 2022. “Inflation and financial development in Sub-Saharan Africa”. Economic Annals, Vol. LXVII, No. 233. pp 85 – 112.
  • Joubert, F., Laäs, A., Laäs, A.M., Rossouw, J. and Vermeulen, C. 2022. ’n Blik op Orania se OSK Koöperatiewe Bank Beperk (A perspective on Orania’s OSC Co-operative Bank Limited). Suid-Afrikaanse Tydskrif vir Geesteswetenskappe (South African Journal of Humanities), 62(4), pp.1–18.
  • Mdingi, K. and Ho, S-Y. 2021. Literature review on income inequality and economic growth, MethodsX, 8(2021), 101402. https://doi.org/10.1016/j.mex.2021.101402.
  • Leshoro, TLA. 2021. “Fiscal Deficit-Economic Growth Nexus in South Africa: a Threshold Analysis” International Journal of Economics and Finance Studies, Vol. 13, No. 2.
  • Malefane, M.R. 2021.  ‘Investigating the core-periphery relationship in the Southern African Customs Union’, The Review of Black Political Economy, 48(2). https://doi.org/10.1177/0034644620963040
  • Malefane, M.R. and Odhiambo, N.M. 2021. ‘Trade openness and economic growth: empirical evidence from Lesotho’, Global Business Review, 22(5): 1120 – 1130. https://doi.org/10.1177/0972150919830812
  • Malefane, M.R. 2021. ‘Export-led growth hypothesis: empirical evidence from the Southern African Customs Union countries’, Entrepreneurial Business and Economic Review, 9(2): 55 – 70. https://doi.org/10.15678/EBER.2021.090204
  • Malefane, M.R. 2021. ‘Causality between foreign direct investment, exports and economic growth in Lesotho’. International Journal of Sustainable Economy, 13(4): 402 – 419.  https://www.inderscienceonline.com/doi/abs/10.1504/IJSE.2021.118621
  • Masike, K. and Vermeulen, C. 2022. The time-varying elasticity of South African electricity demand. Energy, 238(Part C). https://doi.org/10.1016/j.energy.2021.121984.
  • Iyke, B. N. and Ho, S.Y. 2021. Exchange rate exposure in the South African stock market before and during the COVID-19 pandemic. Finance Research Letters, Vol 43, 102000.
  • Vermeulen, C. 2021. 100 years of private shareholding in the South African Reserve Bank. Economic History of Developing Regions, 36(2), pp.245–263.
  • Vermeulen, C. and Rossouw, J. 2021. Metrisering: 50 jaar sedert die jaart (Metrication: 50 years since the yard). South African Journal of Science and Technology, 40(1), pp.12–19.
  • Amusa, K., Monkam, N. and Viegi, N. 2020. Can foreign aid enhance domestic resource mobilisation in Nigeria? Journal of Contemporary African Studies, 38(2).https://doi.org/10.1080/02589001.2020.1774519
  • Malefane, M.R. 2020. ‘Trade openness and economic growth in Botswana: evidence from cointegration and error correction modelling’, Cogent Economics and Finance, 8(1). https://doi.org/10.1080/23322039.2020.1783878   
  • Malefane, M.R. 2020. Investigating the core-periphery relationship in the Southern African Customs Union. The Review of Black Political Economy. https://doi.org/10.1177/0034644620963040
  • Moyo, B. and Sibindi, A.B. 2020. Does Bank Competition Affect Credit Access in Sub-Saharan Africa? Evidence from World Bank Informal Firms Surveys. Journal of African Business. https://doi.org/10.1080/15228916.2020.1826857
  • Mupamhadzi, D. and Maloma, I. 2020. The impact of business environment on businesses' decision to formalise: Evidence from selected African countries. International Journal of Business and Management Studies, 12(2), pp.403-417.
  • Iyke, B. N. and Ho, S.Y. 2020. Investor attention on COVID-19 and African stock returns. MethodsX, 8, 101195. https://doi.org/10.1016/j.mex.2020.101195.
  • Leshoro, T.L.A. 2020. Impacts of Productive and Recurrent Public Expenditure on Economic Growth in South Africa: An Analysis using the ARDL-ECM. Journal of Economic and  Financial Sciences, 13(1).
  • Robinson, Z. and De Beer, J. 2020. Revisiting the determinants of corporate income taxation in Southern Africa. Development Southern Africa. https://doi.org/10.1080/0376835X.2020.1842175
  • Vermeulen, C. 2020. On the mandate, ownership and independence of the South African Reserve Bank. South African Journal of Economic and Management Sciences, 23(1), pp.1-11. https://doi.org/10.4102/sajems.v23i1.3416.
  • Iyke, B.N. and Ho, S.Y. 2020. The effects of transitory and permanent inflation uncertainty on investment in Ghana. Economic Change and Restructuring, 53(1), pp.195-217. https://doi.org/10.1007/s10644-019-09252-w.
  • Malefane, M.R. 2020. Trade openness and economic growth in Botswana: evidence from cointegration and error-correction modelling. Cogent Economic and Finance, 8(1) https://doi.org/10.1080/23322039.2020.1783878.
  • Leshoro, T.L.A. and Maluleke, G. 2020. Direct vs Indirect impact of fuel price on wages in South Africa: An analysis using the Impulse-Response Function. Southern African Business Review 24(August). https://doi.org/10.25159/1998-8125/7885.
  • Ho, S.Y. and Odhiambo, N.M. 2020. The macroeconomic drivers of stock market development: evidence from Hong Kong. Journal of Financial Economic Policy, 12(2), pp. 185-207. https://doi.org/10.1108/JFEP-11-2018-0163.
  • Leshoro, T.L.A. 2020. Monetary Policy or Fiscal Policy, Which One Better Explains Inflation Dynamics in South Africa? African Journal of Business and Economic Research, 15(1), pp.27-54.
  • Ho, S.Y. and Iyke, B. N. 2020. The Determinants of Economic Growth in Ghana: New Empirical Evidence. Global Business Review, 21(3), pp.626-644. https://doi.org/10.1177/0972150918779282.
  • Iyke, B. N. and Ho, S.Y. 2020. Stock return predictability over four centuries: The role of commodity returns. Finance Research Letters, 101711. https://doi.org/10.1016/j.frl.2020.101711.
  • Nkosi, L. 2020. The Relationship Between Government Debt and State-Owned Enterprises: An Empirical Analysis of Eskom. International Journal of Economics and Finance Studies, 12 (1), pp.119-134.
  • Leshoro, T.L.A. 2020. An Analysis of the Importance of Terms of Trade in South Africa Using Impulse Response Function. Global Business Review. April 2020. https://doi.org/10.1177/0972150920916558
  • Amusa, K. and Oyinlola, M.A. 2019. The effectiveness of government expenditure on economic growth in Botswana. African Journal of Economic and Management Studies, 10(3), pp.368-384.
  • Iyke, B. N. and Ho, S.Y. 2019. Consumption and exchange rate uncertainty: Evidence from selected Asian countries. The World Economy, 43(9), pp.2437-2462. https://doi.org/10.1111/twec.12900
  • Kennedy-Palmer, S. 2019. South African historical interest rate volatility : evidence of regime-switching. Studies in Economics and Econometrics, 43(3), pp.111-132.
  • Malefane, M.R. and Odhiambo, N.M. 2019. Trade openness and economic growth: empirical evidence from Lesotho. Global Business Review. https://doi.org/10.1177/0972150919830812
  • Vermeulen, C., Joubert, F. and Rossouw, J. 2019. Suid-Afrikaanse aandelemarkontwikkeling: Die impak van globalisme en nasionalisme (South African stock market development: The impact of globalism and nationalism). Suid-Afrikaanse Tydskrif vir Natuurwetenskap en Tegnologie, 38(1), pp.1-11. https://doi.org/10.36303/SATNT.2019.38.1.722.
  • Ho, S.Y. 2019. Macroeconomic determinants of stock market development in South Africa. International Journal of Emerging Markets, 14(2), pp.322-342. https://doi.org/10.1108/IJoEM-09-2017-0341.
  • Asongu, S.A. and Odhiambo, N.M. 2019. Size, efficiency, market power, and economies of scale in the African banking sector. Financial Innovation, 5(1), p.4. https://doi.org/10.1186/s40854-019-0120-x.

Last modified: Fri Mar 14 07:09:30 SAST 2025