Charl Jooste's Books

Latin America and the Caribbean Economic Review, April 2024

Competition: The Missing Ingredient for Growth?

By: William Maloney,Pablo Garriga,Marcela Meléndez,Raúl Morales,Charl Jooste,James Sampi,Jorge Thompson Araujo,Ekaterina Vostroknutova

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Latin America and the Caribbean Economic Review, April 2024

Competition: The Missing Ingredient for Growth?

By: William Maloney,Pablo Garriga,Marcela Meléndez,Raúl Morales,Charl Jooste,James Sampi,Jorge Thompson Araujo,Ekaterina Vostroknutova

Latin America and the Caribbean (LAC) has made slow but consistent progress addressing the imbalances induced by the pandemic in an international environment that is just now showing signs of stabilizing. Despite favorable macroeconomic management, high interest rates and fiscal imbalances remain challenging while growth rates remain lackluster due to long-standing structural issues. Looking forward, an aging workforce and rising violence will increasingly complicate policy. This report focuses particularly on weak competitive forces as a source of low productivity, low growth, and low welfare in LAC. It emphasizes the need for effective competition institutions, pro-competition regulatory frameworks, complementary policies to improve the capabilities of workers and firms, and enhanced innovation systems, to prepare local industries to reach the technological frontier and face global competition. Furthermore, the report underscores the need for reforms to prevent large businesses from exerting undue political influence over policy decisions.

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World Bank Publications

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ISBN 10

1464821119

ISBN 13

9781464821110

Fiscal sustainability and the fiscal reaction function for South Africa

By: Charl Jooste,Mr.Alfredo Cuevas,Ian C. Stuart,Philippe Burger

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Fiscal sustainability and the fiscal reaction function for South Africa

By: Charl Jooste,Mr.Alfredo Cuevas,Ian C. Stuart,Philippe Burger

How does the South African government react to changes in its debt position? In investigating the question, this paper estimates fiscal reaction functions using various methods (OLS, VAR, TAR, GMM, State-Space modelling and VECM). The paper finds that since 1946 the South African government has ran a sustainable fiscal policy, by reducing the primary deficit or increasing the surplus in response to rising debt. Looking ahead, the paper considers the use of fiscal reaction functions to forecast the debt/GDP ratio and gauging the likelihood of achieving policy goals with the aid of probabilistic simulations and fan charts.

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