| Aron and Muellbauer (2006) |
SARB annual durables purchases data (four categories) and price indices/deflators |
1946–2003 |
Perpetual inventory method with assumed service lives yields the market value of consumer durables stocks. |
| Aron and Muellbauer (2006) |
South African Reserve Bank, Capital Market Statistics 1948–92 (and Quarterly Bulletin) |
1948–2003 |
Supplies stock data at book value (and some market value) for pension funds, long-term insurers, unit trusts, participation bonds and local authority/public enterprise securities. |
| Aron and Muellbauer (2006) |
South African Reserve Bank, National Financial Account (flow of funds), 1970–91 annual, quarterly from 1992 |
1970–2003 |
Household-sector financial flows are cumulated from benchmark stocks (equations 1 and 2) into asset stock estimates. |
| Aron and Muellbauer (2006) |
Unpublished SARB data: pre-1991 household debt, mortgage debt, consumer credit, constant-price housing stock |
1960–2003 |
Used to construct household debt ratios and gross housing assets (constant-price stock converted using house prices). |
| Bell and Madula (2001) |
Reserve Bank index of capacity utilisation in manufacturing (originally from Statistics South Africa surveys) |
1970-2000 |
Used to validate the authors' own estimated capacity utilisation series. |
| Coulibaly (2005) |
South African Reserve Bank Balance of Payments section: foreign liabilities stock and composition (FDI, portfolio, loans) (Figures 2-3) |
1970-2001 |
Shows the level and composition of foreign liabilities as a share of GDP before, during and after the embargo. |
| Du Plessis et al. (2008a) |
SARB business cycle dating committee turning points |
1960s-2006 |
Official reference cycle turning points are compared against the identified cumulative demand shock as an independent check on the business cycle measure. |
| Du Plessis et al. (2008a) |
SARB discount rate and CPI index (RB 7032N), monthly |
1960-2006, monthly aggregated to quarterly |
Real interest rate computed from monthly discount rate and CPI with a within-quarter formula is the monetary policy proxy, the third VAR variable. |
| Du Plessis et al. (2008a) |
SARB government consumption series (RB6008D) divided by GDP (RB6006D) |
1960Q2-2006Q4 |
Ratio of government consumption to GDP serves as the proxy for fiscal policy stance, the second VAR variable. |
| Du Plessis et al. (2008a) |
SARB quarterly real GDP series (RB6006D), seasonally adjusted, 1960Q2-2006Q4 |
1960Q2-2006Q4 |
First difference of log real GDP is the first variable in the three-variable structural VAR, from which supply shocks and potential output are derived. |
| Fedderke et al. (2006) |
South African Reserve Bank gross fixed capital formation and fixed capital stock of the public sector, economic infrastructure component |
1960–2002 |
Provides public-sector infrastructural investment and capital stock series (per capita indices, Figure 1) and the aggregate infrastructure variables in the VECM. |
| Gidlow (2008) |
Reserve Bank / banking sector statistics (unreferenced): bank deposit and asset shares, bank numbers, foreign bank share of assets, JSE net foreign purchases |
1970-2006 |
Concentration, foreign share and efficiency figures for 2004-2006, and net foreign equity purchases, are given without cited sources. |
| Heintz (2000) |
Implied sectoral producer prices derived from Reserve Bank real and nominal value added series |
1970-1993 |
Used to deflate the Fallon-Lucas cost of capital index to sectoral level. |
| Heintz (2000) |
Reserve Bank data on yields of long-term government securities and three-month treasury bills |
1970-1992 |
Dependent variable (yield spread) in Table A.1 regressions validating the political unrest index as correlated with investor uncertainty. |
| Heintz (2000) |
Reserve Bank of South Africa time series (national accounts, interest rates, fixed capital stock, investment, value added) |
1970-1993 |
Supplies the dependent variable (sectoral rate of net fixed capital accumulation), operating surplus, capital stock and value added used to build profit rates and the accelerator proxy. |
| Inman and Rubinfeld (2008) |
South African Reserve Bank Time Series KBP6244J |
post-2000 |
Used to estimate a 2.5 percent annual growth rate after 2000 for projecting future income growth. |
| Kirsten et al. (2007) |
South African Reserve Bank official exchange rates and Quarterly Bulletin of Statistics |
1960-2005 |
Official exchange rates convert border prices; parallel rates deemed inapplicable. |
| Malherbe and Segal (2001a) |
South African Reserve Bank data on funding of non-financial businesses by loans, equity and bonds, 1994-98 (Figure 2) |
1994-1998 |
Shows that equity raised on the JSE exceeded net new bank loans to non-financial firms in 1998. |
| Mohamed and Finnoff (2004) |
SARB annual data on corporate and household savings |
1980-2000 |
Used to compute average business and household saving as a percentage of GDP for 1980-93 versus 1994-2000. |
| Mohamed and Finnoff (2004) |
South African Reserve Bank balance of payments data (net foreign investment) |
1980-2000 |
Supplies net direct and portfolio foreign investment flows for the capital flight calculation. |
| Perkins et al. (2005a) |
South African Reserve Bank database: public-sector economic infrastructure gross fixed capital formation and fixed capital stock (1995 prices); also real/nominal GDP 1946-2002 |
1946-2002 (GDP); investment and capital stock to 2002, with Fig. 1 starting 1960 |
Supplies the national accounts series for infrastructure investment, fixed capital stock and real GDP used in the PSS F-tests and Fig. 1. |
| Truth and Reconciliation Commission, Reparation and Rehab... (1998) |
Eskom debt and capital investment figures; South African Reserve Bank Forward Exchange Contracts Adjustment Account, 1981-1998 |
1981-1998 |
Establishes foreign debt shares of Eskom and the taxpayer losses on forward cover. |