South African paper models international spillovers
The South African economy has been "significantly affected" by international spillovers, according to a South African Reserve Bank (Sarb) working paper published yesterday.
The paper, The Impact of International Spillovers on the South African Economy by Franz Ruch, creates a vector autoregressive model using industrial production data from South Africa, the eurozone, the US, Japan and China to determine the synchronisation of business cycles and the impact of spillovers on South Africa.
The
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