The Use Of A Marshallian Macroeconomic Model For Policy Evaluation: Case Of South Africa
AbstractUsing a disaggregated Marshallian Macroeconomic Model (MMM-DA), this paper investigates how the adoption of a set of 'free market reforms' may affect the economic growth rate of South Africa. Accounting for possible side effects mainly on the budget deficit, our findings suggest that the institution of the proposed policy reforms would yield a substantial growth in the aggregate annual real GDP. The resulting GDP growth rate could range from 5.3 percent to 9.8 percent depending on which variant of the reform policies is implemented.
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Bibliographic InfoPaper provided by University of Pretoria, Department of Economics in its series Working Papers with number 201013.
Length: 39 pages
Date of creation: Jun 2010
Date of revision:
Marshallian Macroeconometric Model; Disaggregation; Transfer functions;
Other versions of this item:
- Ngoie, Jacques Kibambe & Zellner, Arnold, 2012. "The Use Of A Marshallian Macroeconomic Model For Policy Evaluation: Case Of South Africa," Macroeconomic Dynamics, Cambridge University Press, vol. 16(03), pages 423-448, June.
- Jacques Kibambe Ngoie & Arnold Zellner, 2010. "The Use of a Marshallian Macroeconomic Model for Policy Evaluation: Case of South Africa," Working Papers 179, Economic Research Southern Africa.
- E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
This paper has been announced in the following NEP Reports:
- NEP-AFR-2010-06-18 (Africa)
- NEP-ALL-2010-06-18 (All new papers)
- NEP-FDG-2010-06-18 (Financial Development & Growth)
- NEP-MAC-2010-06-18 (Macroeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Staff General Research Papers
12024, Iowa State University, Department of Economics.
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- Jacques Kibambe Ngoie & Arnold Zellner, 2012.
"Evaluation of the Effects of Reduced Personal and Corporate Tax Rates on the Growth Rates of the U.S. Economy,"
201217, University of Pretoria, Department of Economics.
- Jacques K Ngoie & Arnold Zellner, 2012. "Evaluation of the Effects of Reduced Personal and Corporate Tax Rates on the Growth Rates of the U.S. Economy," Working Papers 280, Economic Research Southern Africa.
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