Discussion Papers

2023

• "Public debt and growth in sub-Saharan Africa: Evidence from Nigeria", Christine S. Makanza & Princewill U. Okwoche. [SOEM23_01]

• "Determinants of FDI flows to Sub-Saharan Africa: Does economic development play a role?", Mukosa Chakufyali & Christine S. Makanza. [SOEM22_02]

2022

• "Spillover Effects from External Shocks on Bank Credit Risk: Evidence from Cointegration Analysis for Albania", Esida Gila-Gourgoura & Eftychia Nikolaidou. [SOEM22_01]

• "Public debt, growth, and threshold effects: A comparative analysis based on income categories", Princewill U. Okwoche & Eftychia Nikolaidou. [SOEM22_02]

• "Big data forecasting of South African inflation", Byron Botha, Rulof Burger, Kevin Kotzé, Neil Rankin & Daan Steenkamp. [SOEM22_03]

• "Determinants of external, domestic, and total public debt in Nigeria: the role of conflict, arms imports, and military expenditure", Princewill U. Okwoche & Eftychia Nikolaidou. [SOEM22_04]

• "Determinants of government debt in sub-Saharan African countries: the role of conflict, governance, and economic factors", Princewill U. Okwoche & Eftychia Nikolaidou. [SOEM22_05]

2020

• "Unemployment fluctuations and currency returns in the United Kingdom: Evidence from over one and a half century of data", Deven Bathia, Riza Demirer, Rangan Gupta & Kevin Kotzé. [SOEM20_01]

2019

• "Military Expenditures and Economic Growth", J. Paul Dunne & Nan Tian. [SOEM19_05]

• "Nonlinear Effects of Military Spending on Economic Growth in Sub-Saharan Africa", J. Paul Dunne & Christine S. Makanza. [SOEM19_04]

• "Physical Capital, Skill Intensity and Ownership Structure in Foreign Direct Investment Projects in Sub-Saharan Africa", J. Paul Dunne & Santigie Mohamed Kargbo. [SOEM19_03]

• "Macroeconomic and bank-specific determinants of non-performing loans in sub-Saharan Africa", Trust R. Mpofu & Eftychia Nikolaidou. [SOEM19_02]

• "Military Expenditure, Investment and Growth", J. Paul Dunne & Ron P Smith. [SOEM19_01]

2018

• "Mobile Money and Money Demand in Kenya", Elizabeth Kasekende & Eftychia Nikolaidou. [SOEM18_11]

• "Forecasting with second-order approximations and Markov-switching DSGE models", Sergey Ivashchenko, Semih Emre Cekin, Kevin Kotzé & Rangan Gupta. [SOEM18_10]

• "Credit Risk in African Microfinance Institutions: Correlates and International Comparisons", Eliud Moyi & Eftychia Nikolaidou. [SOEM18_09]

• "Credit Risk Determinants in the Vulnerable Economies of Europe: Evidence from the Italian Banking System", Esida Gila-Gourgoura & Eftychia Nikolaidou. [SOEM18_08]

• "Firm Financing Choices and Productivity in Sub Saharan Africa: Evidence from Firm Level Data", Naomi Mathenge & Eftychia Nikolaidou. [SOEM18_07]

• "The Effect of Financial Structure on Economic Growth: The Case of Kenya", Naomi Mathenge & Eftychia Nikolaidou. [SOEM18_06]

• "Determinants of Loans’ Growth in Microfinance Institutions: The Case of Sub-Saharan Africa and Comparisons with other Regions of the World", Eliud Moyi & Eftychia Nikolaidou. [SOEM18_05]

• "Determinants of Credit Risk in the Banking system in Sub-Saharan Africa", Trust R. Mpofu & Eftychia Nikolaidou. [SOEM18_04]

• "The effects of External Debt on Growth in Sub Saharan Africa", Adonia Chiminya, J. Paul Dunne & Eftychia Nikolaidou. [SOEM18_03]

• "The Determinants of External debt in Sub Saharan Africa", Adonia Chiminya, J. Paul Dunne & Eftychia Nikolaidou. [SOEM18_02]

• "Military Spending, Conflict and External Debt in SSA", Adonia Chiminya, J. Paul Dunne & Eftychia Nikolaidou. [SOEM18_01]

2017

• "Evaluating South African Fiscal and Monetary Policy Using a Wavelet-Based Model", Patrick M. Crowley & David Hudgins. [SOEM17_08]

• "Inflation Dynamics in Uganda: A Quantile Regression Approach", Francis Leni Anguyo, Rangan Gupta & Kevin Kotzé. [SOEM17_07]

• "Financial Innovation and Money Demand: Evidence from Sub-Saharan Africa", J Paul Dunne & Elizabeth Kasekende. [SOEM17_06]

• "Monetary Policy, Financial Frictions and Structural Changes: A Markov-Switching DSGE approach", Francis Leni Anguyo, Rangan Gupta & Kevin Kotzé. [SOEM17_05]

• "Bilateral FDI from South Africa and Income Convergence in SADC", J. Paul Dunne & Nicholas Masiyandima. [SOEM17_04]

• "Does Military Spending Matter for Long Run Growth?", Giorgio d'Agostino, J. Paul Dunne & Luca Pieroni. [SOEM17_03]

• "Fiscal Policy Uncertainty and Economic Activity in South Africa", Kevin Kotzé. [SOEM17_02]

• "Monetary Policy and Financial Frictions in a Small Open-Economy Model for Uganda", Francis Leni Anguyo, Rangan Gupta & Kevin Kotzé. [SOEM17_01]

2016

• "Macroeconomic Effects of Commodity Price Shocks in a Low Income Economy: The Case of Tobacco in Malawi", Bertha Chipo Bangara & J Paul Dunne. [SOEM16_06]

• "Forecasting South African Macroeconomic Variables with a Markov-Switching Small Open-Economy Dynamic Stochastic General Equilibrium Model", Mehmet Balcilar, Rangan Gupta & Kevin Kotzé. [SOEM16_05]

• "The Role of Non-Traded Goods in Current Account and Exchange Rate Determination: A DSGE Analysis", Christine S. Makanza. [SOEM16_04]

• "Fiscal Consolidation, Fiscal Policy Transmission, and Current Account Dynamics in South Africa", J. Paul Dunne & Christine S. Makanza. [SOEM16_03]

• "Current Account Dynamics and Monetary Policy Transmission in South Africa", J. Paul Dunne & Christine S. Makanza. [SOEM16_02]

• "The Role of Oil Prices in the Forecasts of South African Interest Rates: A Bayesian Approach", Kevin Kotzé & Rangan Gupta. [SOEM16_01]