The effects of the stock and bond market on economic growth in South Africa (2003-2017)
- Authors: Faiers, Jarryd Brad
- Date: 2020
- Subjects: Capital market -- South Africa , Economic development -- Environmental aspects -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/48102 , vital:40486
- Description: Using quarterly data from 2003:Q3 to 2017:Q1, this study investigates the effect of the stock and bond markets on economic growth in South Africa. The variables used in the study pertain to South Africa and include the JSE All-Share Index, real effective exchange rate, bond market growth, investment expenditure, inflation rate, government expenditure and gross domestic product. The empirical study is guided by an Autoregressive Distributed Lag (ARDL) model approach which includes unit root tests for stationarity, bounds tests for cointegration and causality tests using the long run and short run error correction models. Diagnostic tests and stability tests are performed on the various econometric models. Tests include the Jarque-Bera test, Ramsey Reset Test, Whites test, CUSUM and CUSUM square test. The findings suggest that the stock market growth and bond market growth have displayed significantly different results with regards to their effects on economic growth. Stock market growth has had a positive impact on economic growth in the long run, whilst growth and development in the bond market does not have a statistically significant relationship with economic growth in the long run. The study provides a solid foundation for establishing the effects of the stock and bond market on economic growth.
- Full Text:
- Date Issued: 2020
- Authors: Faiers, Jarryd Brad
- Date: 2020
- Subjects: Capital market -- South Africa , Economic development -- Environmental aspects -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/48102 , vital:40486
- Description: Using quarterly data from 2003:Q3 to 2017:Q1, this study investigates the effect of the stock and bond markets on economic growth in South Africa. The variables used in the study pertain to South Africa and include the JSE All-Share Index, real effective exchange rate, bond market growth, investment expenditure, inflation rate, government expenditure and gross domestic product. The empirical study is guided by an Autoregressive Distributed Lag (ARDL) model approach which includes unit root tests for stationarity, bounds tests for cointegration and causality tests using the long run and short run error correction models. Diagnostic tests and stability tests are performed on the various econometric models. Tests include the Jarque-Bera test, Ramsey Reset Test, Whites test, CUSUM and CUSUM square test. The findings suggest that the stock market growth and bond market growth have displayed significantly different results with regards to their effects on economic growth. Stock market growth has had a positive impact on economic growth in the long run, whilst growth and development in the bond market does not have a statistically significant relationship with economic growth in the long run. The study provides a solid foundation for establishing the effects of the stock and bond market on economic growth.
- Full Text:
- Date Issued: 2020
An analysis of the factors influencing the provision of water in the Buffalo City Municipality, province of the Eastern Cape
- Zwelibanzi, Mantombi Elizabeth
- Authors: Zwelibanzi, Mantombi Elizabeth
- Date: 2011
- Subjects: Water-supply -- South Africa -- Buffalo City , Municipal services -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:8260 , http://hdl.handle.net/10948/d1013011
- Description: Factors affecting the provision of water constitute a great challenge to water officials not only in Buffalo City Municipality but also globally. Interviews form the basic data collection instrument used to provide empirical evidence to the objectives of the study. The objectives of the study are: To evaluate the underlying challenges encountered by water sector Engineers; To evaluate the role of municipal water sector officials in the provision of clean water; To analyse the factors influencing the provision of water in Buffllo City Municipality. Recommendations are provided which could assist Buffalo City Municipality in addressing the challenges affecting the provision of water as follows: The involvement of national and provincial governments in order to improve the Buffalo City Municipal infrastructure and capacity building is highly recommended. Power failure and water interruptions caused by mechanical problems and natural disasters, are further municipal challenges that need to be addressed irrespective of financial constraints. Public and private sector sponsors can be approached to join the initiative. Informal settlements should be formalised and limited to a certain number of people per site or household, depending on the infrastructure. If the infrastructure is not conducive they should be relocated elsewhere. Public and private sector sponsors should offer assistance to Buffalo City Municipality to develop the required water skills, by financing water officials who are interested in furthering their education at tertiary level. Public consultation, through meetings and public forums, and public participation, by the street committees and police forums, are recommended. Coupon systems for basic services like water and electricity for all residents is highly recommended. A generator for the municipal water sector is needed. This will overcome the power failure problem. The provision of water is affected by power outages as water equipment needs electricity to be able to operate. Installation of a water plant in Buffalo City Municipality‟s main dam, the Maden dam, that is supposed to supply King Williams town and the surrounding areas directly.
- Full Text:
- Date Issued: 2011
- Authors: Zwelibanzi, Mantombi Elizabeth
- Date: 2011
- Subjects: Water-supply -- South Africa -- Buffalo City , Municipal services -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:8260 , http://hdl.handle.net/10948/d1013011
- Description: Factors affecting the provision of water constitute a great challenge to water officials not only in Buffalo City Municipality but also globally. Interviews form the basic data collection instrument used to provide empirical evidence to the objectives of the study. The objectives of the study are: To evaluate the underlying challenges encountered by water sector Engineers; To evaluate the role of municipal water sector officials in the provision of clean water; To analyse the factors influencing the provision of water in Buffllo City Municipality. Recommendations are provided which could assist Buffalo City Municipality in addressing the challenges affecting the provision of water as follows: The involvement of national and provincial governments in order to improve the Buffalo City Municipal infrastructure and capacity building is highly recommended. Power failure and water interruptions caused by mechanical problems and natural disasters, are further municipal challenges that need to be addressed irrespective of financial constraints. Public and private sector sponsors can be approached to join the initiative. Informal settlements should be formalised and limited to a certain number of people per site or household, depending on the infrastructure. If the infrastructure is not conducive they should be relocated elsewhere. Public and private sector sponsors should offer assistance to Buffalo City Municipality to develop the required water skills, by financing water officials who are interested in furthering their education at tertiary level. Public consultation, through meetings and public forums, and public participation, by the street committees and police forums, are recommended. Coupon systems for basic services like water and electricity for all residents is highly recommended. A generator for the municipal water sector is needed. This will overcome the power failure problem. The provision of water is affected by power outages as water equipment needs electricity to be able to operate. Installation of a water plant in Buffalo City Municipality‟s main dam, the Maden dam, that is supposed to supply King Williams town and the surrounding areas directly.
- Full Text:
- Date Issued: 2011
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