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Department of Economics

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Prof TLA Leshoro

Associate Professor | College of Economic and Management Sciences
School of Economic and Financial Sciences | Department: Economics

Tel: 012 433 4625
Email: lesholat@unisa.ac.za
Building: Anton Lembede
Office: 4-44
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  • PhD (Economics), University of the Witwatersrand
  • MCom (Economics), University of Kwazulu-Natal
  • BA (Economics) (Cum Laude), National University of Lesotho

Y2

  • Money, Banking and Financial Markets (ECS4864)
  • Monetary Economics (ECS3701)

  • Macroeconomic analysis
  • Monetary economic policies
  • Development and international economics
  • Time-series econometrics

  1. Mafuyeka, K., & Leshoro, TLA. (2025) “The Impact of Bank Credit on Small-Scale Farmers' Agricultural Output” African Journal of Innovation and Entrepreneurship, AJIE, Vol. 4, No. 2. pp 57 – 79.
  2. Mateko, F. & Leshoro, TLA. (2025). “The Asymmetrical Inflation-Debt Nexus in South Africa” Scientific Culture, Vol. 11, No. 3.
  3. Leshoro, TLA. (2025). “Public Meets Private: Unraveling the Dynamics of Infrastructure Investment in South Africa” Acta Economica, Review Scientific Paper, Vol. 23, No. 42.
  4. Leshoro, TLA. (2024). “Inflation Dynamics and Policy Mix in Ghana” Folia Oeconomica Stetinensia. 24, No. 1. pp 124 – 143. DOI: 10.2478/foli-2024-0008.
  5. Leshoro, TLA. & Wabiga, P. (2023). “The Asymmetric Effects of Interest Rates on Private Investment in South Africa” Acta Universitatis Danubius. Œconomica, 19, No. 3. pp 161 – 182. ISSN 2065-0175.
  6. 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
  7. Mamafake, H.M., & Leshoro, TLA. (2023). “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, 14, No. 2. pp 388 – 409.
  8. Bandura, W. N., & Leshoro, TLA. (2022). “Inflation and financial development in Sub-Saharan Africa”. Economic Annals, LXVII, No. 233. pp 85 – 112.
  9. Leshoro, TLA. (2021). “Fiscal Deficit-Economic Growth Nexus in South Africa: a Threshold Analysis” International Journal of Economics and Finance Studies, 13, No. 2.
  10. Leshoro, TLA. & 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, Vol. 24 (October). https://doi.org/10.25159/1998-8125/7885
  11. Leshoro, TLA. (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, No. 1. https://doi.org/10.4102/jef.v13i1.563
  12. Leshoro, TLA. (2020). Monetary Policy or Fiscal Policy, Which One Better Explains Inflation Dynamics in South Africa? African Journal of Business and Economic Research (AJBER), 15, No. 1, pp 27 – 54. March 2020. (Online) ISSN 1750-4562 (Print) ISSN 1750-4554, (Publication from Ph.D. Thesis).
  13. Leshoro, TLA. (2018). “Trade Unions’ Inflation Expectations and the Second-Round Effect in South Africa” PSL Quarterly Review, 71, No. 284, pp. 85 – 94. March 2018. Available at SSRN: https://ssrn.com/abstract=3152844 DOI: 10.13133/2037-3643_71.284_5
  14. Leshoro, TLA., and Kollamparambil, U. (2017). “Estimating a growth-maximising inflation targeting band for South Africa” International Journal of Economic Policy in Emerging Economies (IJEPEE), Vol. 10, No. 4, pp. 365 – 382 https://doi.org/10.1504/IJEPEE.2017.089163 (Publication from Ph.D. Thesis).
  15. Leshoro, TLA. (2017). “Investigating the Non-linear Wagner’s Hypothesis in South Africa” African Journal of Economic and Management Studies (AJEMS), Vol. 8, No. 4, pp. 462 – 473. 
  16. Leshoro TL., Robinson, Z. and Uys, MD. (2017). “Student Progress and Self-Assessment in Economics” Journal of Economics and Economic Education Research, Vol. 18, No. 1, pp 1 – 16, with (1533-3604-18-1-101).
  17. Leshoro, TLA., and Kollamparambil, U. (2016). “Inflation or Output Targeting? Monetary Policy Appropriateness in South Africa” PSL Quarterly Review, 69, No. 276, pp 77 – 104, March 2016 (Publication from Ph.D. Thesis).
  18. Leshoro, TLA. (2014). “Does the Repurchase Rate Affect Inflation in South Africa? An Empirical Analysis Using an Impulse Response Function”, Journal of Economics and Behavioral Studies (JEBS), 6 No. 7, pp 524 – 531, July 2014 (ISSN: 2220-6140).
  19. Leshoro, TLA. (2014). “The Effects of Foreign Resource Inflow and Savings on the Economic Growth of South Africa: A VAR Analysis”, Journal of Economics and Behavioral Studies (JEBS), Vol. 6, No. 3, pp. 232-241, Mar 2014 (ISSN: 2220-6140).
  20. Leshoro, TLA. (2014). “Causality between Consumer and Producer Price Indices: Empirical Evidence from South Africa”, Interdisciplinary Journal of Economics and Business Law (IJEBL), 3(2), pp 8 -25.
  21. Amusa, K. and Leshoro, TLA. (2013). “The Relationship between Electricity consumption and Economic Growth in Botswana”, Corporate Ownership & Control Journal, 10, No. 4, pp 390 – 398.
  22. Leshoro, S. and Leshoro, TLA. (2013). “Impacts of Literacy Rate and Human Development Indices on Agricultural Production in South Africa”, Agricultural Economics, 59, No. 11, 531 – 536.
  23. Leshoro, TLA. (2013). “Does Economic Growth lead Employment in South Africa?” Journal of Economics and Behavioral Studies (JEBS), 5, No. 6, pp 336-345, June 2013 (ISSN: 2220-6140).
  24. Leshoro, TLA. (2013). “Foreign Aid and Economic Growth in South Africa: An Empirical Analysis Using Bounds Testing”, Journal of Economic and Financial Sciences (JEF), Vol. 6, No. 1, pp 55 – 66 (ISSN: 1995-7076).
  25. Leshoro, TLA. (2012). “Estimating the Inflation Threshold for South Africa”, Studies in Economics and Econometrics (SEE), 36, No. 2, pp 53 – 65.
  26. Akinboade, OA., and Braimoh, LA. (2010). “International Tourism and Economic Development in South Africa: A Granger Causality Test”, International Journal of Tourism Research. Vol. 12, No. 2, pp 149 – 163, DOI: 10.1002/jtr.743.
  27. Tewari, DD. Braimoh, LA. and Bokana, KG. (2009). “Factors Affecting Malaria Epidemics and Its Economic Impacts on Households in Ajegunle, Lagos State, Nigeria”, The Journal of Interdisciplinary Economics, 21, No. 1, pp 79 – 96, with (Publication from Master’s dissertation).

    1. “The Impact of Critical Infrastructure Investment on Private Investment in South Africa.” The 2024 RCEA International Conference in Economics, Econometrics and Finance by The Rimini Centre for Economic Analysis. Brunel University London, United Kingdom. 20 – 22 May 2024.
    2. “Relationship Between Interest Rates and Private Investment in South Africa: a Nonlinear ARDL Approach” (co-author Wabiga P). 13thInternational Conference on Management, Economics and Humanities (ICMEH). Hotel Casa Amsterdam, Netherlands. 18 – 20 November 2022.
    3. “Effects of productive and unproductive government spending on economic growth in South Africa.” International Academic Conference on Business & Economics, Management & Finance, Concordia University (John Molson School of Business) Montreal, Canada. 28 – 30 October 2019.
    4. “The impact of Rising Fuel Prices on wages in South Africa: Analysis using the Impulse-Response Function (co-author Maluleke G).” Biennial Conference of the Economic Society of South Africa (ESSA), Birchwood Hotel, Johannesburg, South Africa, 3 – 5 September 2019.
    5. “Inflation Dynamics in South Africa.” 4th Annual School of Economic and Business Sciences (SEBS) Postgraduate Conference, Protea Parktonian Hotel, Johannesburg, organized by the University of the Witwatersrand, South Africa. 1 - 2 October 2015.
    6. “Does the repurchase rate affect inflation in South Africa? An empirical analysis using an impulse response function.” 3rd International Conference on Economics and Social Sciences (ICESS), Durban, South Africa. June 21 – 22, 2014.
    7. “The relationship between electricity consumption and economic growth in Botswana, (co-author Amusa K).” Global Development Finance Conference, Crown Plaza Hotel, Dubai. November 8 – 10, 2011.
    8. “The Empirical Estimates of the Philips Curve for Kenya.” Biennial Conference of the Economic Society of South Africa (ESSA), University of Stellenbosch, Stellenbosch, South Africa. September 5 – 7, 2011.
    9. “Estimating the Inflation Threshold for South Africa.” ERSA/UP Workshop on Monetary Economics and Macroeconomic Modeling, South African Reserve Bank (SARB) Conference Centre, Pretoria, South Africa. March 10 – 11, 2011.
    10. "Empirical Analysis of the Determinants of Financial Savings in Lesotho” as Braimoh, L.A. 8th Annual Conference on Econometric Modelling for Africa, African Econometric Society, University of Stellenbosch, Cape Town, South Africa, July 1 – 4, 2003.    

    • “Unconventional economic policies with a special focus on monetary policy in times of crisis. Is there something to be learned from Sri Lanka, Turkey and Indonesia for South Africa?” South Africa SDG Policy Support Initiative through the University of Pretoria with funds of German Development Cooperation managed by GIZ. 2022

    • Research and Innovation Award. University of South Africa (UNISA). 2021

    • Best Ph.D. paper at the 4th Annual School of Economic and Business Sciences (SEBS) Postgraduate Conference. 2015