DSGE models for the South African economy

Simple item page
dc.contributor.advisorTouna-Mama, Alberten_ZA
dc.contributor.authorAbbas, Ahmeden_ZA
dc.date.accessioned2015-05-06T07:14:21Z
dc.date.available2015-05-06T07:14:21Z
dc.date.issued2010en_ZA
dc.descriptionIncludes bibliographical references (leaves 29-31).en_ZA
dc.description.abstractDynamic stochastic modelling is relatively a new exercise in developing countries including South Africa. We use stochastic models to reproduce stylized facts of business cycles in South Africa. The basic neoclassical model and a model with indivisible labour are used to replicate the documented facts from the data. A model with variable capacity utilization and investment specific shocks is also used to reproduce facts about the manufacturing sector in South Africa. The models fair reasonably well in replicating volatilities of certain variables, but investment remains over-volatile in all the models. However, the South African labour market remains the hardest to replicate amidst well documented inflexibility.en_ZA
dc.identifier.apacitationAbbas, A. (2010). <i>DSGE models for the South African economy</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/12738en_ZA
dc.identifier.chicagocitationAbbas, Ahmed. <i>"DSGE models for the South African economy."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 2010. http://hdl.handle.net/11427/12738en_ZA
dc.identifier.citationAbbas, A. 2010. DSGE models for the South African economy. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Abbas, Ahmed AB - Dynamic stochastic modelling is relatively a new exercise in developing countries including South Africa. We use stochastic models to reproduce stylized facts of business cycles in South Africa. The basic neoclassical model and a model with indivisible labour are used to replicate the documented facts from the data. A model with variable capacity utilization and investment specific shocks is also used to reproduce facts about the manufacturing sector in South Africa. The models fair reasonably well in replicating volatilities of certain variables, but investment remains over-volatile in all the models. However, the South African labour market remains the hardest to replicate amidst well documented inflexibility. DA - 2010 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2010 T1 - DSGE models for the South African economy TI - DSGE models for the South African economy UR - http://hdl.handle.net/11427/12738 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/12738
dc.identifier.vancouvercitationAbbas A. DSGE models for the South African economy. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 2010 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/12738en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomicsen_ZA
dc.titleDSGE models for the South African economyen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMBusScen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
thesis_com_2010_abbas_a.pdf
Size:
1.91 MB
Format:
Adobe Portable Document Format
Description:
Download
Collections
Masters