South African Economy: Macroeconomic Prospects for the Medium TermWhat are the macroeconomic prospects for South Africa until the new millennium? Two methods of macroeconomic modelling, associated with the World Bank and IMF, are used here to generate three scenarios, based on moderately optimistic projections. The methodology used can be applied to other developing countries. |
Contents
Accounting Framework and Base Year Data | |
Modelling Frameworks | |
Model Experiments | |
Alternative Scenarios | 5-40 |
SummingUp | 7-14 |
Appendix A Modelling frameworks in GAMS | 7-23 |
Appendix B Base | B-1 |
Base | C-6 |
Bibliography | D-11 |
Other editions - View all
South African Economy: Macroeconomic Prospects for the Medium Term Peter Brixen,Finn Tarp Limited preview - 2005 |
The South African Economy: Macroeconomic Prospects for the Medium Term Finn Tarp,Peter Brixen No preview available - 1996 |
Common terms and phrases
1994 billion rand apartheid asset stocks Balance of payments baofpa baofus base run values borrowing requirement capital cent of GDP Chapter closure Constant 1994 billion constant 1994 prices deviation from base domestic debt economic endogenous equation exogenous variables expenditures experiment Export price factor services Financial Programming forecast horizon foreign borrowing Foreign interest payments Foreign reserves FP and RMSM FP framework Government budget Government investment government revenue import income increase inflation international reserves macroeconomic matbal Material balance medium-term Money supply Nominal exchange rate Nominal GDP optimistic scenario ord(t othass othvar parameters percentage points pessimistic scenario price index pritab private consumption Private investment Private sector foreign projection Public sector credit Public sector foreign real exchange rate real government consumption resource balance RMSM frameworks SARB Quarterly Bulletin sector borrowing sector foreign debt Sectoral GDP share of GDP South Africa Table Total domestic credit velocity of money World Bank