Inward and Outward Spillovers in the SACU Area

25 Pages Posted: 22 Feb 2013

See all articles by Jorge Iván Canales-Kriljenko

Jorge Iván Canales-Kriljenko

International Monetary Fund (IMF)

Farayi Gwenhamo

affiliation not provided to SSRN

Saji Thomas

International Monetary Fund (IMF)

Date Written: January 2013

Abstract

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.

Keywords: SACU area, Spillovers, Sub-Saharan Africa

JEL Classification: F14, F23, F42, O55

Suggested Citation

Canales-Kriljenko, Jorge Iván and Gwenhamo, Farayi and Thomas, Saji, Inward and Outward Spillovers in the SACU Area (January 2013). IMF Working Paper No. 13/31, Available at SSRN: https://ssrn.com/abstract=2222495

Jorge Iván Canales-Kriljenko (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street N.W.
Washington, DC 20431
United States

Farayi Gwenhamo

affiliation not provided to SSRN ( email )

Saji Thomas

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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