DSGE Models for the South African Economy

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dc.contributor.advisorDr. Albert Touna Mama, Albert
dc.contributor.authorAbbas_A, Ahmed
dc.date.accessioned2024-08-29T11:26:40Z
dc.date.available2024-08-29T11:26:40Z
dc.date.issued2010
dc.date.updated2024-08-29T11:21:25Z
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
dc.identifier.apacitationAbbas_A, A. (2010). <i>DSGE Models for the South African Economy</i>. (). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/40532en_ZA
dc.identifier.chicagocitationAbbas_A, Ahmed. <i>"DSGE Models for the South African Economy."</i> ., University of Cape Town ,Faculty of Commerce ,School of Economics, 2010. http://hdl.handle.net/11427/40532en_ZA
dc.identifier.citationAbbas_A, A. 2010. DSGE Models for the South African Economy. . University of Cape Town ,Faculty of Commerce ,School of Economics. http://hdl.handle.net/11427/40532en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Abbas_A, 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/11427/40532 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/40532
dc.identifier.vancouvercitationAbbas_A A. DSGE Models for the South African Economy. []. University of Cape Town ,Faculty of Commerce ,School of Economics, 2010 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/40532en_ZA
dc.language.isoen
dc.language.rfc3066eng
dc.publisher.departmentSchool of Economics
dc.publisher.facultyFaculty of Commerce
dc.publisher.institutionUniversity of Cape Town
dc.titleDSGE Models for the South African Economy
dc.typeThesis / Dissertation
dc.type.qualificationlevelMasters
dc.type.qualificationlevelMasters
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