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Inward and Outward Spillovers in the SACU Area
Author: Mr. Jorge I Canales Kriljenko, Ms. Farayi Gwenhamo, and Mr. Saji Thomas
Series:
IMF Working Papers
Volume/Issue:
Volume 2013: Issue 031
Language:
English
Publication Date:
31 Jan 2013
DOI:
https://doi.org/10.5089/9781475522419.001
ISBN:
9781475522419
ISSN:
1018-5941
Pages:
24
Keywords:
WP; Spillovers; Sub-Saharan Africa; SACU area; BLNS country; sub-Saharan Africa economy; imports from the world; South Africa's Gdp; amount South Africa; intra SACU trade; South Africa act; South Africa import; Intraregional trade distribution; SACU Customs revenue formula; Exports; Real exchange rates; Imports; Terms of trade; Africa; Global; Southern Africa
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Spillovers from South Africa into the other members of the Souther Africa Customs Union (known as the BLNS for Botstwana, Lesotho, Namibia, and Swaziland) are substantial reflecting sizeable real and financial interlinkages. However, shocks to real GDP growth in South Africa do not seem to systematically affect growth developments in BLNS countries as a group. Nevertheless, vector autoregressions, which allow country-specific parameters, suggest some strong spillovers onto the smaller economies.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund