Financial liberalization and financial instability in the selected SADC member countries
- Authors: Cele, Nolungelo Mercy
- Date: 2018
- Subjects: Finance Financial crises Finance -- Developing countries
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/8978 , vital:34179
- Description: The study examined the impact of financial liberalization on financial instability in selected SADC member countries namely South Africa, Tanzania, Madagascar and Botswana for the period 1970-2012. The Panel data methodology was adopted to establish the relationship between the two variables. Impaired loans were used to capture financial instability and financial reforms to capture the level of financial liberalization. Credit to the private sector, government expenditure, GDP and inflation were utilised as control variables The empirical findings reveal that financial liberalization leads to financial instability. The financial reforms were found to be positively related with the impaired loans ratio in almost all the specifications. It was also found that financial instability intensifies when the global financial crisis is taken into consideration. This suggests that financial liberalization can therefore be another source of financial instability in the SADC countries. The empirical results imply that policy makers should focus on reforms that give due share to the regulations rather than just simply liberalizing the financial sector.
- Full Text:
- Date Issued: 2018
- Authors: Cele, Nolungelo Mercy
- Date: 2018
- Subjects: Finance Financial crises Finance -- Developing countries
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/8978 , vital:34179
- Description: The study examined the impact of financial liberalization on financial instability in selected SADC member countries namely South Africa, Tanzania, Madagascar and Botswana for the period 1970-2012. The Panel data methodology was adopted to establish the relationship between the two variables. Impaired loans were used to capture financial instability and financial reforms to capture the level of financial liberalization. Credit to the private sector, government expenditure, GDP and inflation were utilised as control variables The empirical findings reveal that financial liberalization leads to financial instability. The financial reforms were found to be positively related with the impaired loans ratio in almost all the specifications. It was also found that financial instability intensifies when the global financial crisis is taken into consideration. This suggests that financial liberalization can therefore be another source of financial instability in the SADC countries. The empirical results imply that policy makers should focus on reforms that give due share to the regulations rather than just simply liberalizing the financial sector.
- Full Text:
- Date Issued: 2018
Livelihood strategies determinants and ranking across times : evidence from Eastern Cape
- Authors: Sikhunyana, Zintle
- Date: 2018
- Subjects: Households Rural development
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/15079 , vital:40161
- Description: The existing literature has acknowledged that analysis of livelihood strategies is more important for rural development policy and also that livelihood strategies are at the centre of development. Persistent challenges of poverty, unemployment and inequality have called for a need to understand livelihood patterns of poor households as to effectively address these socio-economic issues in rural areas. The study aimed to identify determinants of livelihood strategies and to identify livelihood strategies that are superior to others in the rural Eastern Cape province of South Africa for the years 2002-2014. The study used multinomial logistic regression to identify the determinants of livelihood strategies. The findings showed that: age of household head, gender of household head, dwelling type, household size, number of economically active members, size of land that the household uses, and access to electricity statistically determine livelihood strategies of the poor in rural Eastern Cape. With regards to ranking, the study used dominance tests such as the Kruskal-Wallis test and also used one way between groups ANOVA with the post hoc test for additional information. The results from the Kruskal-Wallis test showed that remittances are superior livelihood strategies, and the results from one-way between groups ANOVA with post hoc showed that sales of farm products and services dominate other strategies. Restrictions on land conservation, and promotion of sustainable development have constrained rural households from freely using land in pursuit of their goals. The government needs to reconcile the policy amendments for land use. Furthermore, social grants alone are not sufficient to meet the needs of the poor; there should be alternative strategies on how to take the poor out of poverty.
- Full Text:
- Date Issued: 2018
- Authors: Sikhunyana, Zintle
- Date: 2018
- Subjects: Households Rural development
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/15079 , vital:40161
- Description: The existing literature has acknowledged that analysis of livelihood strategies is more important for rural development policy and also that livelihood strategies are at the centre of development. Persistent challenges of poverty, unemployment and inequality have called for a need to understand livelihood patterns of poor households as to effectively address these socio-economic issues in rural areas. The study aimed to identify determinants of livelihood strategies and to identify livelihood strategies that are superior to others in the rural Eastern Cape province of South Africa for the years 2002-2014. The study used multinomial logistic regression to identify the determinants of livelihood strategies. The findings showed that: age of household head, gender of household head, dwelling type, household size, number of economically active members, size of land that the household uses, and access to electricity statistically determine livelihood strategies of the poor in rural Eastern Cape. With regards to ranking, the study used dominance tests such as the Kruskal-Wallis test and also used one way between groups ANOVA with the post hoc test for additional information. The results from the Kruskal-Wallis test showed that remittances are superior livelihood strategies, and the results from one-way between groups ANOVA with post hoc showed that sales of farm products and services dominate other strategies. Restrictions on land conservation, and promotion of sustainable development have constrained rural households from freely using land in pursuit of their goals. The government needs to reconcile the policy amendments for land use. Furthermore, social grants alone are not sufficient to meet the needs of the poor; there should be alternative strategies on how to take the poor out of poverty.
- Full Text:
- Date Issued: 2018
The nexus between savings, investment and foreign capital in South Africa : an application of the Feldstein-Horioka puzzle
- Authors: Mtolo, Inga
- Date: 2018
- Subjects: Investments, Foreign -- South Africa Saving and investment -- South Africa Capital movements -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/8968 , vital:34177
- Description: This study investigates the relationship between savings, investment and foreign capital in South Africa, with special focus on the application of the Feldstein-Horioka theory. South Africa is a country that is still faced with relatively low saving levels. Given the low savings experienced by the country, available literature has alluded that foreign capital has played a greater role as the major driver of private investment expenditure in South Africa. Based on this background, the study empirically investigates the relationship between savings, investment and foreign capital utilising the Autoregressive Distributed Lag Model estimation technique for the period 1965 to 2015. The empirical results revealed that there is a positive and significant relationship between savings and investment in South Africa. The empirical results also show that for the period 1995 to 2015, the different types of external financial flows utilized in the study and investment have a positive relationship. These results have been consistent with our apriori expectations and other prior studies. This suggests that, in the case of South Africa, apart from interest rates, there are other factors that determine investment. The positive relationship between investment and foreign capital flows suggest that policies which are aimed at attracting the different types of foreign financial flows should be implemented.
- Full Text:
- Date Issued: 2018
- Authors: Mtolo, Inga
- Date: 2018
- Subjects: Investments, Foreign -- South Africa Saving and investment -- South Africa Capital movements -- South Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/8968 , vital:34177
- Description: This study investigates the relationship between savings, investment and foreign capital in South Africa, with special focus on the application of the Feldstein-Horioka theory. South Africa is a country that is still faced with relatively low saving levels. Given the low savings experienced by the country, available literature has alluded that foreign capital has played a greater role as the major driver of private investment expenditure in South Africa. Based on this background, the study empirically investigates the relationship between savings, investment and foreign capital utilising the Autoregressive Distributed Lag Model estimation technique for the period 1965 to 2015. The empirical results revealed that there is a positive and significant relationship between savings and investment in South Africa. The empirical results also show that for the period 1995 to 2015, the different types of external financial flows utilized in the study and investment have a positive relationship. These results have been consistent with our apriori expectations and other prior studies. This suggests that, in the case of South Africa, apart from interest rates, there are other factors that determine investment. The positive relationship between investment and foreign capital flows suggest that policies which are aimed at attracting the different types of foreign financial flows should be implemented.
- Full Text:
- Date Issued: 2018
Psychological capital as a moderator of the relationship between workplace conflict and organisational citizenship behaviour among administrative staff at the University of Fort Hare
- Authors: Motema, Boiketlo
- Date: 2020
- Subjects: Organizational behavior Employees -- Attitudes Organizational effectiveness
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/18565 , vital:42609
- Description: This study investigated psychological capital (PsyCap) as a mediator of the relationship between workplace conflict (WC) and organisational citizenship behaviour (OCB). The study was based on equity theory as well as the social exchange theory. The sample encompassed of 151 administrative staff members from the University of Fort Hare (Alice, Bhisho and East London campuses) in the Eastern Cape Province. Argentero, Cortese, and Ferretti (2008) organisational citizenship behaviour questionnaire was employed to assess OCB; the Interpersonal Conflict at Work Scale (ICAWS) was employed to assess workplace conflict; and Luthans, Avolio, Avey, and Norman’s (2007) psychological capital questionnaire by McGee (2011) was employed to assess psychological capital. In terms of data analysis, a descriptive analysis, correlational analysis together with simple linear regression analysis and multiple linear regression models were applied using the Statistical Package for Social Sciences (SPSS) version 25. The findings indicated a negative relationship between workplace conflict and organisational citizenship behaviour. Thus, for the purpose of enhancing extra-role behaviours amongst staff members, the management of the institution needs to ensure equitable compensation, rewards, and benefits amongst workers. This is vital because should the employees perceive that inequity exists, they will fight for fairness and justice, and if they are not heard, it will result in workplace conflict.
- Full Text:
- Date Issued: 2020
- Authors: Motema, Boiketlo
- Date: 2020
- Subjects: Organizational behavior Employees -- Attitudes Organizational effectiveness
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10353/18565 , vital:42609
- Description: This study investigated psychological capital (PsyCap) as a mediator of the relationship between workplace conflict (WC) and organisational citizenship behaviour (OCB). The study was based on equity theory as well as the social exchange theory. The sample encompassed of 151 administrative staff members from the University of Fort Hare (Alice, Bhisho and East London campuses) in the Eastern Cape Province. Argentero, Cortese, and Ferretti (2008) organisational citizenship behaviour questionnaire was employed to assess OCB; the Interpersonal Conflict at Work Scale (ICAWS) was employed to assess workplace conflict; and Luthans, Avolio, Avey, and Norman’s (2007) psychological capital questionnaire by McGee (2011) was employed to assess psychological capital. In terms of data analysis, a descriptive analysis, correlational analysis together with simple linear regression analysis and multiple linear regression models were applied using the Statistical Package for Social Sciences (SPSS) version 25. The findings indicated a negative relationship between workplace conflict and organisational citizenship behaviour. Thus, for the purpose of enhancing extra-role behaviours amongst staff members, the management of the institution needs to ensure equitable compensation, rewards, and benefits amongst workers. This is vital because should the employees perceive that inequity exists, they will fight for fairness and justice, and if they are not heard, it will result in workplace conflict.
- Full Text:
- Date Issued: 2020