- Title
- Capital flows and real exchange rate movement in South Africa
- Creator
- Lindani, Sandiswa
- Subject
- Foreign exchange rates
- Subject
- Exchange rate pass-through
- Subject
- Capital movements
- Date Issued
- 2021-09
- Date
- 2021-09
- Type
- Master's/ theses
- Type
- text
- Identifier
- http://hdl.handle.net/10353/20417
- Identifier
- vital:45664
- Description
- The neoclassical theory suggests that free flow of external capital should be equilibrating and thereby facilitating smoothening of an economy's consumption or production patterns. Based on this background, this study empirically examines the extent to which the different forms of capital flows amongst other variables influence the real exchange rate in South Africa for the period 1980 to 2019, using annual data. Estimation techniques employed include the Johansen Co-integration Approach and the Vector error correction model (VECM). The variables were found to be co-integrated, with six co-integrating vectors existing. The long-run results revealed that FPI has an appreciating effect on the exchange rate in South Africa. Based on the results, policy recommendations are suggested.
- Description
- Thesis (MCom) (Economics) -- University of Fort Hare, 2021.
- Format
- computer
- Format
- online resource
- Format
- application/pdf
- Format
- 1 online resource (136 pages)
- Format
- Publisher
- University
- Publisher
- Faculty of Management and Commerce
- Language
- English
- Rights
- University of Fort Hare
- Rights
- All Rights Reserved
- Rights
- Open Access
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UFH Department of Economics
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Lindani_200901178_Economics.pdf | 2 MB | Adobe Acrobat PDF | View Details Download |