TITLE

PREDICTIVE ABILITY OF COMPETING MODELS FOR SOUTH AFRICA'S FIXED BUSINESS NON-RESIDENTIAL INVESTMENT SPENDING

AUTHOR(S)
van EYDEN, ReneƩ; AYE, Goodness C.; GUPTA, Rangan
PUB. DATE
October 2013
SOURCE
Economic Computation & Economic Cybernetics Studies & Research;2013, Vol. 47 Issue 4, p1
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The study evaluates the forecasting ability of models of South Africa's real fixed business non-residential investment spending growth over the recent 2003:1-2011:4 out-of-sample period. The forecasting models are based on the Accelerator, Neoclassical, Cash-Flow, Average Q, Stock Price and Excess Stock Return Predictors models of investment spending. The Average Q, Stock Price and Return Predictors models appear more important in forecasting the behaviour of South Africa's business investment spending growth over the recent 2003:1-2011:4 out-of-sample period. The results from this study point to the important role of the stock market in promoting investment growth in South Africa, underscoring the need for stock market development. Also, stock market variables seem to play an increasingly important role in predicting investment spending behaviour in recent times.
ACCESSION #
93394288

 

Related Articles

  • To Look Out For In 2009.  // Middle East Monitor: East Med;Feb2009, Vol. 19 Issue 2, p8 

    The article forecasts the economic development in Egypt in 2009. It states the short-term recovery of the Egyptian CASE-30 stock index and the importance of investment for the growth of Egyptian economy. It anticipates the 5.4% growth of the real gross domestic product (GDP) as well as the...

  • Economic Prospects Looking Bright.  // Latin America Monitor: Caribbean Monitor;Jan2007, Vol. 24 Issue 1, p1 

    The article reports on the economic prospects for Jamaica in 2007. The author believes that the growth outlook for 2007 will be similar to the positive real sector results posted by the Jamaican economy in the previous year. The factors behind this improvement was a surge in investment activity...

  • East Africa: Bright Medium-Term Outlook.  // Emerging Markets Monitor;11/30/2009, Vol. 15 Issue 33, p20 

    The article discusses an economic outlook for East Africa in 2010. High levels of economic growth have been realized by the three biggest economies in the region, namely Kenya, Tanzania and Uganda. Growth have been attributed to six factors, three of which are global economic recovery, large...

  • Economic Growth: Capital Investment - Outlook.  // South Korea Country Monitor;Mar2012, p7 

    The article offers forecasts on the role of capital investment in the economic growth in South Korea in 2012.

  • Regional Stability Under Threat.  // Emerging Markets Monitor;1/23/2006, Vol. 11 Issue 39, p22 

    The article forecasts the economic performance of Saudi Arabia for 2006. The year 2005 was a successful year for the country. The gross domestic product grew by 6.64 percent in 2006. The rising price of petroleum was the main driver of the country's economic growth. The stock market is in need...

  • India is the real Asian growth story. Schiessl, Jonathan // Fund Strategy;4/3/2006, p16 

    The article comments on the growth of the Indian stockmarket. It discusses the 150 percent growth of the Indian stockmarket since 2004, and the long-term prospects for the economy. The article highlights the key factors contributing to the growth of India's economy, such as the growth of...

  • DATA & FORECASTS.  // Africa Monitor: Southern Africa;Dec2007, Vol. 12 Issue 12, p6 

    The article forecasts the upside potential of the Malagasy ariary for 2008 in Madagascar. The authors maintain their bullish view that the unit will strengthen its value following favorable trend since the beginning of 2006 and 2007. Foreign direct investment is also expected to remain in good...

  • Medium- and Long-Term: Outlook.  // Ireland Country Monitor;Nov2011, p27 

    The article presents medium and long-term economic outlook for Ireland. It states that the country has experienced double-digit rates of economic growth in the Celtic Boom. It says that Ireland can expect increased investment competition from low-cost accession countries. It adds that...

  • Russia GDP growth eases in Q1.  // Regional Today;5/16/2014, p1 

    The article reports that Russia's first-quarter 2014 economic growth slowed to its weakest in a year as the standoff against the U.S. and its allies over Ukraine stifles investment, according to the Moscow-based Federal Statistics Service.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics