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DSGE Models for the South African Economy
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 fac...
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| Format: | Thesis |
| Language: | English English |
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School of Economics
2024
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| _version_ | 1867613305710837760 |
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| access_status_str | Open Access |
| author | Abbas_A, Ahmed |
| author2 | Dr. Albert Touna Mama, Albert |
| author_browse | Abbas_A, Ahmed Dr. Albert Touna Mama, Albert |
| author_facet | Dr. Albert Touna Mama, Albert Abbas_A, Ahmed |
| author_sort | Abbas_A, Ahmed |
| collection | Thesis |
| description | 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 |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/40532 |
| institution | University of Cape Town (South Africa) |
| language | English eng |
| last_indexed | 2026-06-10T12:34:00.978Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | School of Economics |
| publisherStr | School of Economics |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/40532 DSGE Models for the South African Economy Abbas_A, Ahmed Dr. Albert Touna Mama, Albert 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 2024-08-29T11:26:40Z 2024-08-29T11:26:40Z 2010 2024-08-29T11:21:25Z Thesis / Dissertation Masters Masters http://hdl.handle.net/11427/40532 en eng application/pdf School of Economics Faculty of Commerce University of Cape Town |
| spellingShingle | Abbas_A, Ahmed DSGE Models for the South African Economy |
| thesis_degree_str | Master's |
| title | DSGE Models for the South African Economy |
| title_full | DSGE Models for the South African Economy |
| title_fullStr | DSGE Models for the South African Economy |
| title_full_unstemmed | DSGE Models for the South African Economy |
| title_short | DSGE Models for the South African Economy |
| title_sort | dsge models for the south african economy |
| url | http://hdl.handle.net/11427/40532 |
| work_keys_str_mv | AT abbasaahmed dsgemodelsforthesouthafricaneconomy |