Browsing by Author "Sheefeni, Johannes"

Now showing 1 - 8 of 8
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    The applicability of the quantity theory of money in a multicurrency economy: Lessons from Zimbabwe 2009-2019
    (University of the Western Cape, 2022) Chivige, Tariro; Sheefeni, Johannes
    One of the first economic theories to ever study the effects of money on price levels is the Quantity Theory of Money (QTM). Both traditionally and empirically, the tenets of this study have been studied in mono currency economies. However, due to the ever-changing modernday economies, countries suffering from intense economic problems like inflation have abandoned the use of their own local currencies opting to use multiple foreign currencies as legal tender. This study explores the applicability of the Quantity Theory of Money in a multicurrency economy, a yawning gap in scholarship. More so, no studies have sought to simultaneously look at the different approaches to the QTM in one study to establish their applicability in a multicurrency economy.
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    Austerity measures and their role on infrastructure and economic development in South Africa: A review of the period 1996 – 2019
    (University of the Western Cape, 2022) Mali, Kukhanyile; Sheefeni, Johannes
    The global economy is a complex system. Due to globalization, the South African economy has become interconnected and integrated into the global economic system. Thus, it is a complex system influenced by domestic and international activities. South Africa is also a country that has been troubled with many challenges in the past. It is a nation that emerged from apartheid, a discriminatory Afrikaner system that legislated the discrimination, disinvestments, and exploitation of blacks, mainly Africans, by whites in all spheres of society (Christie and Collins, 1982). Despite the democratic breakthrough that was achieved by the ANC and its allies through struggle and negotiations, South Africa still faced a triple threat of unemployment, poverty, and inequality along racial lines.
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    Austerity measures, infrastructure and economic development in South Africa (1996–2019)
    (Vilnius University Press, 2023) Mali, Kukhanyile; Sheefeni, Johannes
    The paper aims to establish whether austerity measures promote economic development, improve infrastructure development, and whether they exacerbate infrastructure backlogs. The methodology used is a quantitative research method, sourcing secondary quarterly data from the South African Reserve Bank. The VAR model is used to analyse data between 1994 and 2019. The results showed that austerity measures have a significantly negative role in economic development. Also, they slow down investments that are crucial for infrastructure development. The results also pointed to the exacerbation of infrastructure backlogs caused by austerity measures
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    Capital structure and profitability of state-owned enterprises in Namibia
    (University of the Western Cape, 2022) Johannes, Meameno; Sheefeni, Johannes
    Public enterprises require an optimal capital structure mix to fund long-term assets that will generate adequate resources to allow the public enterprises to remain financially sustainable over-time. The aim of this study is thus to examine the association between capital structure and profitability among Namibian commercial SOEs, to determine the direction of causality, if any, and to investigate the factors that impact capital structure among commercial SOEs in Namibia. Understanding the impact of capital structure on the performance of commercial SOEs could help the government and public enterprises to determine the apt level of capital structure that would allow these commercial SOEs to effectively take up their respective mandates. Data for various commercial SOEs for the period 2011-2020 was used in the analysis.
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    Essays on financial market development, monetary policy, and financial stability in South Africa
    (University of the Western Cape, 2022) Hlongwane, Tshembhani Mackson; Sheefeni, Johannes
    Like in many other countries, the South African financial markets play an important role in the transmission of monetary policy and are crucial for promoting financial stability in South Africa. The goal of financial market development is to make the financial system better able to share risks effectively by combining domestic and international savings to finance investment and consumption. This thesis examined financial market development, monetary policy, and financial stability in South Africa from 2003 and 2020. The study aimed at addressing four specific objectives. Firstly, the study gives an overview of the financial market, monetary policy conduct and financial stability in South Africa. Secondly, it investigated the dynamic interactions between financial market and monetary policy in South Africa.
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    The Impact of import on inflation in Namibia
    (ID publications, 2017-01) Sheefeni, Johannes; Munepapa, Mika
    This study examined the impact of imports on inflation in Namibia using quarterly data from the period 1991Q1 to 2013Q4. The model estimated used imports as a dependent variable, while gross domestic product, money supply (M2), lending rate, and exchange rate as the explanatory variables. An error correction modelling approach was applied on the double log functional form in order to investigate the significance and effect of explanatory variables to inflation in Namibia. The results for the unit root test showed that all the variables were stationary in first difference. The residual based test to cointegration revealed that there is cointegration among the variables. The error correction model showed that imports have a positive effect on inflation in the long run while in the short run the effect is insignificant.
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    The Impact of Import on inflation in Namibia
    (ID Publications, 2017-01) Munepapa, Mika; Sheefeni, Johannes
    This study examined the impact of imports on inflation in Namibia using quarterly data from the period 1991Q1 to 2013Q4. The model estimated used imports as a dependent variable, while gross domestic product, money supply (M2), lending rate, and exchange rate as the explanatory variables. An error correction modelling approach was applied on the double log functional form in order to investigate the significance and effect of explanatory variables to inflation in Namibia. The results for the unit root test showed that all the variables were stationary in first difference. The residual based test to cointegration revealed that there is cointegration among the variables. The error correction model showed that imports have a positive effect on inflation in the long run while in the short run the effect is insignificant.
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    Investigating the Causal Relationship between Primary Commodities Exports and Economic Growth in Namibia
    (University of the Western Cape, 2016-01) Simon, Robert; Sheefeni, Johannes
    This paper analyses the causal relationship between primary commodities exports and economic growth in Namibia using quarterly data for the period 1998 to 2014. Time-series econometric techniques such as unit root, cointegration as well as Granger-causality test within the vector auto-regression framework has been used. The results of the unit root test showed that the variables are integrated of order one. Furthermore, the results of the Johansen cointegration test revealed that no cointegration exists among the variable, suggesting that there is no long-run relationship. Finally, the results of the Granger-causality test showed that primary commodities exports do Granger-cause economic growth but economic growth does not Granger-cause primary commodities exports. This suggests that there is a unidirectional causality running from primary commodities export to economic growth in the Namibian context.