Impact of the global financial crisis on economic growth: implications for South Africa and other developing economies
- Authors: Savy, Neil Edward
- Date: 2015
- Subjects: Global Financial Crisis, 2008-2009 , Gross domestic product -- Developing countries , Gross domestic product -- South Africa , Economic forecasting -- South Africa , Economic forecasting -- Developing countries , Economic development -- South Africa , Economic development -- Developing countries
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1117 , http://hdl.handle.net/10962/d1017542
- Description: This paper examines the impact of the recent global financial crisis on economic growth in developing economies and South Africa in particular. It explores whether the events experienced by developing countries conform to what would be anticipated from economic theory. This is done by firstly comparing country growth forecasts for 2012 captured in 2008 at the beginning of the crisis to actual 2012 GDP growth data. Secondly, panel data analysis is used to investigate three important transmission channels, namely those of Trade, Capital Flows and Exchange Rates for 25 developing economies. The results suggest that economic forecasters in 2008 on average overestimated GDP growth for 2012 by -21.6 percent (excluding Venezuela). The only important transmission channel identified using Trend analysis to explain this negative impact on growth was capital flows. However when using Panel regression analysis all three channels were found to explain the economic impact of the crisis on GDP growth for developing countries, conforming to economic theory. It was discovered that, contrary to what was initially expected, portfolio inflows actually increased for most developing countries during the crisis. This possibly can be explained by the impact of quantitative easing in the USA. South Africa was found to have been negatively impacted by the global financial crisis, but to a lesser extent when compared to most other developing countries. The findings are important for global investors looking for new investment opportunities. The extent to which individual economies are “decoupled” from developed economies’ performance provides possible opportunities for diversifying risk through a geographic spread of investor portfolios.
- Full Text:
- Date Issued: 2015
- Authors: Savy, Neil Edward
- Date: 2015
- Subjects: Global Financial Crisis, 2008-2009 , Gross domestic product -- Developing countries , Gross domestic product -- South Africa , Economic forecasting -- South Africa , Economic forecasting -- Developing countries , Economic development -- South Africa , Economic development -- Developing countries
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1117 , http://hdl.handle.net/10962/d1017542
- Description: This paper examines the impact of the recent global financial crisis on economic growth in developing economies and South Africa in particular. It explores whether the events experienced by developing countries conform to what would be anticipated from economic theory. This is done by firstly comparing country growth forecasts for 2012 captured in 2008 at the beginning of the crisis to actual 2012 GDP growth data. Secondly, panel data analysis is used to investigate three important transmission channels, namely those of Trade, Capital Flows and Exchange Rates for 25 developing economies. The results suggest that economic forecasters in 2008 on average overestimated GDP growth for 2012 by -21.6 percent (excluding Venezuela). The only important transmission channel identified using Trend analysis to explain this negative impact on growth was capital flows. However when using Panel regression analysis all three channels were found to explain the economic impact of the crisis on GDP growth for developing countries, conforming to economic theory. It was discovered that, contrary to what was initially expected, portfolio inflows actually increased for most developing countries during the crisis. This possibly can be explained by the impact of quantitative easing in the USA. South Africa was found to have been negatively impacted by the global financial crisis, but to a lesser extent when compared to most other developing countries. The findings are important for global investors looking for new investment opportunities. The extent to which individual economies are “decoupled” from developed economies’ performance provides possible opportunities for diversifying risk through a geographic spread of investor portfolios.
- Full Text:
- Date Issued: 2015
What limits an invasive biotic and abiotic effects on the distribution of the invasive mussel mytilus galloprovincialis on the South African coastline
- Authors: Hall, Madison
- Date: 2015
- Subjects: Perna , Mytilus galloprovincialis , Mussels -- South Africa , Introduced organisms -- Environmental aspects -- South Africa
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:5927 , http://hdl.handle.net/10962/d1017805
- Full Text:
- Date Issued: 2015
- Authors: Hall, Madison
- Date: 2015
- Subjects: Perna , Mytilus galloprovincialis , Mussels -- South Africa , Introduced organisms -- Environmental aspects -- South Africa
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: vital:5927 , http://hdl.handle.net/10962/d1017805
- Full Text:
- Date Issued: 2015
Woody encroachment and plant-root soil interactions in a semi-arid savanna
- Authors: Gusha, Bukho
- Date: 2015
- Subjects: Pastures -- Management Weeds Invasive plants
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: http://hdl.handle.net/10353/12139 , vital:39174
- Description: Savannas occupy 1/8 of the global land surface, support a large proportion of the world’s human population and the majority of its rangeland and livestock. Woody encroachment has been reported as the major challenge in these landscapes. This study describes the differences between three contrasting tree density classes in a semi- arid savanna with the view to developing an improved understanding of woody encroachment which is prevalent in this region. The study attempted to determine if there was a relationship between lateral root distributions at varying soil depths with increasing levels of woody encroachment, and to compare species composition and soil water profiles in these rangelands. Three homogeneous vegetation units, namely: sparsely encroached (HVU1), grassland (HVU2) and Albany thicket (HVU3) were identified for the study sites. A Trench method was used determine root biomass and a step point method was used to determine herbaceous species composition in all the HVUs. The results showed that more Decreaser species (especially Themeda triandra) were recorded in a sparsely encroached site (HVU1) and grassland site (HVU2), while Cynodon dactylon was mostly recorded in the thicket site (HVU3). Acacia karroo was mostly recorded in HVU1 while in HVU2 other woody species such as Coddia rudis and Grewia occidentalis were also recoded. HVU3 had the poorest basal cover (point to tuft distance) (22.60 cm) while HVU1 (9.93 cm) and HVU2 (7.73 cm) had moderate basal cover. The herbaceous standing biomass was significantly different across the HVUs. HVU3 was higher (1206.15 kg ha-1) than HVU1 (942.43 kg ha-1) and HVU2 (677.10 kg ha-1). The soil moisture content was significantly different between the HVUs, but was not significantly different between the depths (p< 0.05). High soil moisture content was recorded in HVU3 compared to other HVUs. The results of Analysis of Variance (ANOVA) showed that soil depth and the type of homogenous vegetation unit (HVU) had significant effects (p<0.01) on root biomass. The pair wise t-test showed that there were no significant difference in root biomass between sparsely encroached (HVU1) and grassland (HVU2) sites (p>0.05), but there were significant differences in root biomass between grassland (HVU2) and thicket (HVU3) site (p<0.05). The mean for total root biomass found in the study was 2.66 kg m-2. In all the trenches most of the root biomass was found in depth 1 (0-30 cm) which was 2.43 kg m-2followed by 1.32 kg m-2 in depth 2 (30-60 cm) and 0.49 kg m-2 in depth 3 (60-90 cm). According to the results on species composition, herbaceous biomass, basal cover, soil moisture content and the root biomass, Kwezana communal rangeland has a potential of running a sustainable livestock production enterprise if proper management practices can be implemented. To improve the rangelands of Kwezana communal rangelands, management such as proper resting, burning, proper stocking rates and physically clearing of bushes should be considered.
- Full Text:
- Date Issued: 2015
- Authors: Gusha, Bukho
- Date: 2015
- Subjects: Pastures -- Management Weeds Invasive plants
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: http://hdl.handle.net/10353/12139 , vital:39174
- Description: Savannas occupy 1/8 of the global land surface, support a large proportion of the world’s human population and the majority of its rangeland and livestock. Woody encroachment has been reported as the major challenge in these landscapes. This study describes the differences between three contrasting tree density classes in a semi- arid savanna with the view to developing an improved understanding of woody encroachment which is prevalent in this region. The study attempted to determine if there was a relationship between lateral root distributions at varying soil depths with increasing levels of woody encroachment, and to compare species composition and soil water profiles in these rangelands. Three homogeneous vegetation units, namely: sparsely encroached (HVU1), grassland (HVU2) and Albany thicket (HVU3) were identified for the study sites. A Trench method was used determine root biomass and a step point method was used to determine herbaceous species composition in all the HVUs. The results showed that more Decreaser species (especially Themeda triandra) were recorded in a sparsely encroached site (HVU1) and grassland site (HVU2), while Cynodon dactylon was mostly recorded in the thicket site (HVU3). Acacia karroo was mostly recorded in HVU1 while in HVU2 other woody species such as Coddia rudis and Grewia occidentalis were also recoded. HVU3 had the poorest basal cover (point to tuft distance) (22.60 cm) while HVU1 (9.93 cm) and HVU2 (7.73 cm) had moderate basal cover. The herbaceous standing biomass was significantly different across the HVUs. HVU3 was higher (1206.15 kg ha-1) than HVU1 (942.43 kg ha-1) and HVU2 (677.10 kg ha-1). The soil moisture content was significantly different between the HVUs, but was not significantly different between the depths (p< 0.05). High soil moisture content was recorded in HVU3 compared to other HVUs. The results of Analysis of Variance (ANOVA) showed that soil depth and the type of homogenous vegetation unit (HVU) had significant effects (p<0.01) on root biomass. The pair wise t-test showed that there were no significant difference in root biomass between sparsely encroached (HVU1) and grassland (HVU2) sites (p>0.05), but there were significant differences in root biomass between grassland (HVU2) and thicket (HVU3) site (p<0.05). The mean for total root biomass found in the study was 2.66 kg m-2. In all the trenches most of the root biomass was found in depth 1 (0-30 cm) which was 2.43 kg m-2followed by 1.32 kg m-2 in depth 2 (30-60 cm) and 0.49 kg m-2 in depth 3 (60-90 cm). According to the results on species composition, herbaceous biomass, basal cover, soil moisture content and the root biomass, Kwezana communal rangeland has a potential of running a sustainable livestock production enterprise if proper management practices can be implemented. To improve the rangelands of Kwezana communal rangelands, management such as proper resting, burning, proper stocking rates and physically clearing of bushes should be considered.
- Full Text:
- Date Issued: 2015
Woody encroachment and plant-root soil interactions in a semi-arid savanna
- Authors: Gusha, Bukho
- Date: 2015
- Subjects: Pastures -- Management Weeds Invasive plants
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: http://hdl.handle.net/10353/12053 , vital:39131
- Description: Savannas occupy 1/8 of the global land surface, support a large proportion of the world’s human population and the majority of its rangeland and livestock. Woody encroachment has been reported as the major challenge in these landscapes. This study describes the differences between three contrasting tree density classes in a semi- arid savanna with the view to developing an improved understanding of woody encroachment which is prevalent in this region. The study attempted to determine if there was a relationship between lateral root distributions at varying soil depths with increasing levels of woody encroachment, and to compare species composition and soil water profiles in these rangelands. Three homogeneous vegetation units, namely: sparsely encroached (HVU1), grassland (HVU2) and Albany thicket (HVU3) were identified for the study sites. A Trench method was used determine root biomass and a step point method was used to determine herbaceousspecies composition in all the HVUs. The results showed that more Decreaser species (especially Themeda triandra) were recorded in a sparsely encroached site (HVU1) and grassland site (HVU2), while Cynodon dactylon was mostly recorded in the thicket site (HVU3). Acacia karroo was mostly recorded in HVU1 while in HVU2 other woody species such as Coddia rudis and Grewia occidentalis were also recoded. HVU3 had the poorest basal cover (point to tuft distance) (22.60 cm) while HVU1 (9.93 cm) and HVU2 (7.73 cm) had moderate basal cover. The herbaceous standing biomass was significantly different across the HVUs. HVU3 was higher (1206.15 kg ha-1) than HVU1 (942.43 kg ha-1) and HVU2 (677.10 kg ha-1). The soil moisture content was significantly different between the HVUs, but was not significantly different between the depths (p< 0.05). High soil moisture content was recorded in HVU3 compared to other HVUs. The results of Analysis of Variance (ANOVA) showed that soil depth and the type of homogenous vegetation unit (HVU) had significant effects (p<0.01) on root biomass. The pair wise t-test showed that there were no significant difference in root biomass between sparsely encroached (HVU1) and grassland (HVU2) sites (p>0.05), but there were significant differences in root biomass between grassland (HVU2) and thicket (HVU3) site (p<0.05). The mean for total root biomass found in the study was 2.66 kg m-2. In all the trenches most of the root biomass was found in depth 1 (0-30 cm) which was 2.43 kg m-2followed by 1.32 kg m-2 in depth 2 (30-60 cm) and 0.49 kg m-2 in depth 3 (60-90 cm). According to the results on species composition, herbaceous biomass, basal cover, soil moisture content and the root biomass, Kwezana communal rangeland has a potential of running a sustainable livestock production enterprise if proper management practices can be implemented. To improve the rangelands of Kwezana communal rangelands management such as proper resting, burning, proper stocking rates and physically clearing of bushes should be considered.
- Full Text:
- Date Issued: 2015
- Authors: Gusha, Bukho
- Date: 2015
- Subjects: Pastures -- Management Weeds Invasive plants
- Language: English
- Type: Thesis , Masters , MSc
- Identifier: http://hdl.handle.net/10353/12053 , vital:39131
- Description: Savannas occupy 1/8 of the global land surface, support a large proportion of the world’s human population and the majority of its rangeland and livestock. Woody encroachment has been reported as the major challenge in these landscapes. This study describes the differences between three contrasting tree density classes in a semi- arid savanna with the view to developing an improved understanding of woody encroachment which is prevalent in this region. The study attempted to determine if there was a relationship between lateral root distributions at varying soil depths with increasing levels of woody encroachment, and to compare species composition and soil water profiles in these rangelands. Three homogeneous vegetation units, namely: sparsely encroached (HVU1), grassland (HVU2) and Albany thicket (HVU3) were identified for the study sites. A Trench method was used determine root biomass and a step point method was used to determine herbaceousspecies composition in all the HVUs. The results showed that more Decreaser species (especially Themeda triandra) were recorded in a sparsely encroached site (HVU1) and grassland site (HVU2), while Cynodon dactylon was mostly recorded in the thicket site (HVU3). Acacia karroo was mostly recorded in HVU1 while in HVU2 other woody species such as Coddia rudis and Grewia occidentalis were also recoded. HVU3 had the poorest basal cover (point to tuft distance) (22.60 cm) while HVU1 (9.93 cm) and HVU2 (7.73 cm) had moderate basal cover. The herbaceous standing biomass was significantly different across the HVUs. HVU3 was higher (1206.15 kg ha-1) than HVU1 (942.43 kg ha-1) and HVU2 (677.10 kg ha-1). The soil moisture content was significantly different between the HVUs, but was not significantly different between the depths (p< 0.05). High soil moisture content was recorded in HVU3 compared to other HVUs. The results of Analysis of Variance (ANOVA) showed that soil depth and the type of homogenous vegetation unit (HVU) had significant effects (p<0.01) on root biomass. The pair wise t-test showed that there were no significant difference in root biomass between sparsely encroached (HVU1) and grassland (HVU2) sites (p>0.05), but there were significant differences in root biomass between grassland (HVU2) and thicket (HVU3) site (p<0.05). The mean for total root biomass found in the study was 2.66 kg m-2. In all the trenches most of the root biomass was found in depth 1 (0-30 cm) which was 2.43 kg m-2followed by 1.32 kg m-2 in depth 2 (30-60 cm) and 0.49 kg m-2 in depth 3 (60-90 cm). According to the results on species composition, herbaceous biomass, basal cover, soil moisture content and the root biomass, Kwezana communal rangeland has a potential of running a sustainable livestock production enterprise if proper management practices can be implemented. To improve the rangelands of Kwezana communal rangelands management such as proper resting, burning, proper stocking rates and physically clearing of bushes should be considered.
- Full Text:
- Date Issued: 2015
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