The poverty implications of high oil prices in South Africa

Chitiga, Margaret; Fofana, Ismaël; Mabugu, Ramos

doi:10.1017/s1355770x11000428

Cited by 11 publications

(5 citation statements)

References 8 publications

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“…Changes in crude oil prices not only affect interest rates, inflation, and economic growth, but also affect poverty rates. Chitiga et al (2012) for instance, who examined the effect of oil prices on poverty levels in South Africa and they found that oil prices positively affected poverty levels. Another study was carried out by Oluwatayo and Alagbe (2015) to investigate the effect of oil fuel prices on poverty levels in Nigeria.…”

Section: Literature Reviewmentioning

confidence: 99%

The Effect of Crude Oil Prices on Inflation, Interest Rates and Economic Growth in Indonesia

Rostin

Muthalib

Adam

et al. 2019

IJEEP

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This study aims to examine the effect of crude oil prices on inflation, interest rates, and economic growth in Indonesia. The data used are quarterly time series data on crude oil, interest rates, inflation, and Indonesia's economic growth from the first quarter of year 2001 to the second quarter of year 2017. To test the effect, an autoregressive distributed lag (ARDL) equations system or a multivariate ARDL model is used. The results of data analysis reveal that (1) there are no long-run and short-run effects of crude oil prices on inflation, (2) there are long-run and short-run effects of crude oil prices to the interest rate. In the long run, every 1% increase in the price of crude oil, the interest rate drops 0,26%, and (3) there is no effect of crude oil prices on economic growth both in the short and long-run.

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Section: Literature Reviewmentioning

confidence: 99%

The Effect of Crude Oil Prices on Inflation, Interest Rates and Economic Growth in Indonesia

Rostin

Muthalib

Adam

et al. 2019

IJEEP

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“…Along with these data, some additional data such as elasticities were also required. Income elasticities, were obtained from Chitiga et al (2012) whereas trade elasticities are taken from Gibson (2003). Note that the other data used to operationalise the model, coefficients and elasticities, are calibrated using the benchmark data.…”

Section: Datamentioning

confidence: 99%

The implications of deteriorating state‐owned enterprise performance on the South African economy

Chitiga-Mabugu

Henseler

Mabugu

et al. 2021

Ann Public Coop Econ

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This paper constructs and uses a recursive dynamic general equilibrium model for South Africa to examine the economywide consequences of a continued deterioration in performance of state-owned enterprises and rise in foreign interest rates. A decline in state-owned enterprisesproductivity has substantial negative ramifications on the rest of the economy. Government would increase its domestic borrowing and therefore hamper private investment, leading to a decrease in gross domestic product and rising unemployment, particularly the unskilled. The model shows that the effects get worse in the long run compared to the short run and when foreign interest rates increase. Preparedness and awareness of these economywide consequences point to the importance of addressing the problems of competitiveness in the state-owned entities.

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“…Minyak merupakan komoditas cukup penting untuk memasak dan jika mengalami kenaikan harga dapat memengaruhi rumah tangga miskin. Rumah tangga termiskin paling terpengaruh oleh kenaikan harga minyak dengan peningkatan 1,5 dan 1,6 persen (Chitiga et al, 2012).…”

Section: Perkembangan Inflasi DI Jawa Timurunclassified

Mengukur Persistensi Inflasi: Studi Komparasi Delapan Kabupaten/Kota di Jawa Timur

Wahyudi¹,

Khusaini

Nabella

2021

j. ekonomi & kebijak. publik

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Inflation is becoming one of the critical variables in the economy. Any movement in inflation will cause some changes to fundamental economic variables, such as economic growth and unemployment. Therefore, inflation becomes a variable that is often observed and tested, both theoretically and empirically. Stable inflation is a prerequisite for sustainable economic growth, which ultimately benefits the improvement of people's well-being. Using city-level inflation data in East Java, this study aims to measure inflation's persistence at the city level in East Java. The persistence of inflation indicates the speed at which the inflation rate returns to its equilibrium level after a shock. This study will also analyze the causes of persistence in eight cities in East Java. In this study, to measure the degree of inflationary persistence, the study used an Autoregressive Univariate Model. The test results found that (1) inflation in eight cities in East Java tended to fluctuate throughout the research period. The highest inflation occurred in Probolinggo City, while the lowest was in Madiun City. The most significant contributors to inflation are food groups. Then (2) the result obtained is the degree of inflation persistence in eight cities in East Java is still relatively high, so it requires attention from regulators. Moreover, the persistence of inflation is caused by high inflation expectations or leading to forward-looking. Based on the findings, the government needs to devise a measured strategy to control inflation to be stable, such as optimizing the Regional Inflation Control Team (TPID).

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The poverty implications of high oil prices in South Africa

Abstract: Journal articleIFPRI3WCAOP

Cited by 11 publications

References 8 publications

The Effect of Crude Oil Prices on Inflation, Interest Rates and Economic Growth in Indonesia

The Effect of Crude Oil Prices on Inflation, Interest Rates and Economic Growth in Indonesia

The implications of deteriorating state‐owned enterprise performance on the South African economy

Mengukur Persistensi Inflasi: Studi Komparasi Delapan Kabupaten/Kota di Jawa Timur

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