Accountability deficits in local government in South Africa: implications for social and economic development
- Authors: Sepogwane, Pheladi
- Date: 2019
- Subjects: Budget deficits -- South Africa , Local government -- South Africa Local government -- South Africa -- Evaluation South Africa -- Economic conditions Economic development
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: http://hdl.handle.net/10948/43424 , vital:36879
- Description: Local government faces require that spheres of government provide accountable, effective, transparent, and good governance. Yet local government face challenges that compel a need for mechanisms that will improve the accountability and effective management of municipal resources. There have been concerns among scholars that development is not being coordinated by an evenly powerful formation of fitting accountability regimes (Abata, 2012; Adenuga, 2013). For this reason, the study aims to investigate to what degree and how trends towards local government policymaking and implementation have been matched by correspondent changes and innovations in accountability regimes and practices. In keeping with the distinctions made above, it undertakes research on accountability practices in two domains of politics. It entails a systematic comparative empirical research on accountability regimes surrounding: the municipal mayors, committees and managers in regular policymaking, implementation and crisis management; evaluating the effectiveness of accountability regimes as catalysts of development programmes. The Researcher observed growing concerns on the issues of accountability. Hence an exploratory study on the issue based on qualitative research methodology was undertaken. The method of research is comprised of a case study, observation and interviews that were conducted. The accountability systems that were examined include the political, bureaucratic and professional accountability systems. Yet the two accountability mechanisms that were designed highlight the challenges in the dominance, abuse of powers, non-compliance with the code of conduct, the lack of exemplary behaviour and accountability deficits. The major conclusion that is drawn from the research study is that a multi-dimensional is required to ensure effective accountability systems in municipalities. The recommendations include the enforcement of the legal instruments, codes of conduct; the impartial prosecution of violators; implementing effective policies on training and personnel management and encouraging associations and stakeholders to play a catalytic role in enforcing accountability in municipalities.
- Full Text:
- Date Issued: 2019
- Authors: Sepogwane, Pheladi
- Date: 2019
- Subjects: Budget deficits -- South Africa , Local government -- South Africa Local government -- South Africa -- Evaluation South Africa -- Economic conditions Economic development
- Language: English
- Type: Thesis , Doctoral , PhD
- Identifier: http://hdl.handle.net/10948/43424 , vital:36879
- Description: Local government faces require that spheres of government provide accountable, effective, transparent, and good governance. Yet local government face challenges that compel a need for mechanisms that will improve the accountability and effective management of municipal resources. There have been concerns among scholars that development is not being coordinated by an evenly powerful formation of fitting accountability regimes (Abata, 2012; Adenuga, 2013). For this reason, the study aims to investigate to what degree and how trends towards local government policymaking and implementation have been matched by correspondent changes and innovations in accountability regimes and practices. In keeping with the distinctions made above, it undertakes research on accountability practices in two domains of politics. It entails a systematic comparative empirical research on accountability regimes surrounding: the municipal mayors, committees and managers in regular policymaking, implementation and crisis management; evaluating the effectiveness of accountability regimes as catalysts of development programmes. The Researcher observed growing concerns on the issues of accountability. Hence an exploratory study on the issue based on qualitative research methodology was undertaken. The method of research is comprised of a case study, observation and interviews that were conducted. The accountability systems that were examined include the political, bureaucratic and professional accountability systems. Yet the two accountability mechanisms that were designed highlight the challenges in the dominance, abuse of powers, non-compliance with the code of conduct, the lack of exemplary behaviour and accountability deficits. The major conclusion that is drawn from the research study is that a multi-dimensional is required to ensure effective accountability systems in municipalities. The recommendations include the enforcement of the legal instruments, codes of conduct; the impartial prosecution of violators; implementing effective policies on training and personnel management and encouraging associations and stakeholders to play a catalytic role in enforcing accountability in municipalities.
- Full Text:
- Date Issued: 2019
Do budget deficits crowd out private investment?: an analysis of the South African Economy
- Authors: Biza, Rumbidzai Aimee
- Date: 2011
- Subjects: Individual investors -- South Africa , Budget deficits -- South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/24956 , vital:63750
- Description: This dissertation investigates whether budget deficits crowd out or crowd in private investment in South Africa, using quarterly South African data covering the period 1994 to 2009. South Africa has been experiencing unprecedented budget deficits since the 1960s and the study investigates how this has impacted on the country’s private investment demand. An empirical model linking private investment to its theoretical variables is specified and used to assess the quantitative effects of budget deficits on private investment. This study augments the co-integration and vector auto-regression (VAR) analysis with impulse response and variance decomposition analyses to provide robust long run and short run dynamic effects on private investment. The variables have been found to have a long run relationship with private investment. Results suggest that budget deficits significantly crowds out private investment. These results corroborate the theoretical predictions and are also supported by previous studies. , Thesis (MCom) -- Faculty of Management and Commerce, 2011
- Full Text:
- Date Issued: 2011
- Authors: Biza, Rumbidzai Aimee
- Date: 2011
- Subjects: Individual investors -- South Africa , Budget deficits -- South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/24956 , vital:63750
- Description: This dissertation investigates whether budget deficits crowd out or crowd in private investment in South Africa, using quarterly South African data covering the period 1994 to 2009. South Africa has been experiencing unprecedented budget deficits since the 1960s and the study investigates how this has impacted on the country’s private investment demand. An empirical model linking private investment to its theoretical variables is specified and used to assess the quantitative effects of budget deficits on private investment. This study augments the co-integration and vector auto-regression (VAR) analysis with impulse response and variance decomposition analyses to provide robust long run and short run dynamic effects on private investment. The variables have been found to have a long run relationship with private investment. Results suggest that budget deficits significantly crowds out private investment. These results corroborate the theoretical predictions and are also supported by previous studies. , Thesis (MCom) -- Faculty of Management and Commerce, 2011
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- Date Issued: 2011
Testing the applicability of the Twin deficits and the Ricardian equivalence hypotheses in South Africa
- Authors: Makua, Khutso Baltimore
- Date: 2021-04
- Subjects: Budget deficits -- South Africa , South Africa -- Economic conditions , Economics
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/51831 , vital:43376
- Description: This study investigates the applicability of the twin deficit and Ricardian equivalence hypotheses in South Africa by exploring the relationship between budget deficits and current account deficits for the period 1990-2020 in South Africa. The reviewed theoretical and empirical literature has shown the results of this relationship to be mixed, depending on the region in review and the policy regime in some instances. The Johansen cointegration test was used because it has advantage over the Engle-Granger over the number of cointegrating relationships they both test. Compared to Engle-Granger, Johansen cointegration allows for more than one cointegrating relationship. The test show evidence that there is cointegration between current account deficits, budget deficits and other explanatory variables. The tests indicated the presence of cointegration which led to the estimation of VECM. Co-integration and vector error correction modelling techniques were applied to South African data between 1990 to 2020 period. The study at hand indicated that government budget deficits have a long run negative effect on current account deficits, but Granger causality failed to prove the direction of causality between the main variables, current account deficits and current account deficits. Therefore, the study concluded that the twin deficits hypothesis is not applicable in South Africa and revealed that South Africa is a Ricardian economy as Granger causality could not establish that budget deficits cause current account deficits. , Thesis (MCom) -- Faculty of Business and Economic Sciences, Economics, 2021
- Full Text:
- Date Issued: 2021-04
- Authors: Makua, Khutso Baltimore
- Date: 2021-04
- Subjects: Budget deficits -- South Africa , South Africa -- Economic conditions , Economics
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/51831 , vital:43376
- Description: This study investigates the applicability of the twin deficit and Ricardian equivalence hypotheses in South Africa by exploring the relationship between budget deficits and current account deficits for the period 1990-2020 in South Africa. The reviewed theoretical and empirical literature has shown the results of this relationship to be mixed, depending on the region in review and the policy regime in some instances. The Johansen cointegration test was used because it has advantage over the Engle-Granger over the number of cointegrating relationships they both test. Compared to Engle-Granger, Johansen cointegration allows for more than one cointegrating relationship. The test show evidence that there is cointegration between current account deficits, budget deficits and other explanatory variables. The tests indicated the presence of cointegration which led to the estimation of VECM. Co-integration and vector error correction modelling techniques were applied to South African data between 1990 to 2020 period. The study at hand indicated that government budget deficits have a long run negative effect on current account deficits, but Granger causality failed to prove the direction of causality between the main variables, current account deficits and current account deficits. Therefore, the study concluded that the twin deficits hypothesis is not applicable in South Africa and revealed that South Africa is a Ricardian economy as Granger causality could not establish that budget deficits cause current account deficits. , Thesis (MCom) -- Faculty of Business and Economic Sciences, Economics, 2021
- Full Text:
- Date Issued: 2021-04
The impact of a budget deficit on transport infrastructure investment in South Africa
- Authors: Nanto, Aphiwe
- Date: 2013
- Subjects: Budget deficits -- South Africa , Infrastructure (Economics) -- South Africa , Transportation -- South Africa , Debts, Public -- South Africa
- Language: English
- Type: Thesis , Masters , M Com
- Identifier: vital:11478 , http://hdl.handle.net/10353/d1015245 , Budget deficits -- South Africa , Infrastructure (Economics) -- South Africa , Transportation -- South Africa , Debts, Public -- South Africa
- Description: Persistent government budget deficits and government debt have become major concerns in both developed and developing countries. This study investigates the impact of a budget deficit on transport infrastructure investment in South Africa. Quarterly time series data, covering the period 1990q1- 2009q4, was used in this project. The study tests for stationarity using the Augmented Dickey- Fuller and Phillips Perron; it tests for cointegration using the Johansen (1991, 1995) methodology. A vector error correction model is used as an estimation technique. The results of this study show that a budget deficit has a negative impact on transport infrastructure investment in South Africa.
- Full Text:
- Date Issued: 2013
- Authors: Nanto, Aphiwe
- Date: 2013
- Subjects: Budget deficits -- South Africa , Infrastructure (Economics) -- South Africa , Transportation -- South Africa , Debts, Public -- South Africa
- Language: English
- Type: Thesis , Masters , M Com
- Identifier: vital:11478 , http://hdl.handle.net/10353/d1015245 , Budget deficits -- South Africa , Infrastructure (Economics) -- South Africa , Transportation -- South Africa , Debts, Public -- South Africa
- Description: Persistent government budget deficits and government debt have become major concerns in both developed and developing countries. This study investigates the impact of a budget deficit on transport infrastructure investment in South Africa. Quarterly time series data, covering the period 1990q1- 2009q4, was used in this project. The study tests for stationarity using the Augmented Dickey- Fuller and Phillips Perron; it tests for cointegration using the Johansen (1991, 1995) methodology. A vector error correction model is used as an estimation technique. The results of this study show that a budget deficit has a negative impact on transport infrastructure investment in South Africa.
- Full Text:
- Date Issued: 2013
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