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Petrol price (Gauteng) = 14.59/litre  Petrol price (Coastal) = 13.89/litre  CPI November '20 = 3.2% y-o-y  PPI manufacturing November '20 = 3%  GDP growth Q3 = -6.1% y-o-y  Prime interest rate = 7%  Unemployment rate Q3 = 30.8%  Retail sales October '20 = -1.8% y-o-y  Manufacturing output September '20 = -2.6% y-o-y 
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S.E.E
Stellenbosch Working Paper Series

Journal for Studies in Economics and Econometrics


The Journal for Studies in Economics and Econometrics (S.E.E) is an international journal that publishes articles in the field of study of Economics (in the widest sense of the word). It is a combined product of the BER and the Department of Economics at Stellenbosch University. All contributions are welcome, but are subject to an objective selection procedure to ensure that all published articles answer the criteria of scientific objectivity, importance, replicability and intelligibility.

SEE will enter its 44th year of publication in 2021. We are delighted to share the news that next year will produce exciting and important developments for SEE, Studies in Economics and Econometrics. We have concluded an agreement with the internationally renowned academic publisher, Taylor & Francis, to take on SEE from 1 January 2021, under the imprint Routledge.

The biggest benefit to subscribers is that the international standing and profile of the journal will rise further thanks to the platform and resources of Taylor & Francis. This, in turn, will attract more submissions from highly rated scholars.

Taylor & Francis will take responsibility for the production, sale and distribution of SEE. To preserve the independence of the journal, Stellenbosch University retains the function of editing and reviewing all submissions. At Stellenbosch University, the Bureau for Economic Research (BER), the Business School (USB) and the Department of Economics (since 2016) will continue to jointly assume responsibility for SEE.

To register your interest or continue benefitting from and ensure an uninterrupted subscription to SEE, go to https://think.taylorandfrancis.com/rsee-subscribers/ and complete your details.

Editor


W.H Boshoff, University of Stellenbosch

Business Editor


George Kershoff, Bureau for Economic Research

Editorial panel


  • Haim Abraham, University of Cape Town;
  • Meshach Aziakpono, Stellenbosch Business School;
  • Graham Barr, University of Cape Town;
  • Nicholas Biekpe, African Growth Research;
  • Sinclair Davidson, Royal Melbourne Institute of Technology;
  • Stan du Plessis, Stellenbosch University;
  • Mario du Preez, Nelson Mandela Metropolitan University;
  • Joel Eita, Monash University;
  • Johannes Fedderke, Pennsylvania State University;
  • Bärbel Haldenwang, Institute for Futures Research;
  • Gavin Keeton, Rhodes University;
  • Steve Koch, University of Pretoria;
  • Philip Mohr, Emeritus Professor, University of South Africa;
  • Ben Smit, Stellenbosch University;
  • Paul van Rensburg, University of Cape Town;
  • Gilbert Wesso, SA Reserve Bank;
  • Emmanuel Ziramba, University of Namibia.

Editorial assistants


Celeste Booysen: for enquiries about subscriptions to SEE, purchasing of articles and back copies.

The Editor: for enquiries about the submission of an article and the progress with the refereeing of a submitted article.

Instructions to authors and publication guidelines


Articles should be submitted electronically. The following details should be provided: author’s surname; type of word processing document and the file name. Use A4-size formatting, 1.5 spacing and margins of 30mm. The first page should contain the title with the name and complete address of the author to whom correspondence is to be sent. The title, which should be concise but sufficiently informative for information retrieval purposes, should appear on the second page without the names of the authors. Articles should not exceed 20 pages.

The text of the manuscript should be in English and should be preceded by an English abstract of about 200 words.

Tables


  • should be numbered consecutively in Arabic numerals (Table 1) and should bear a short yet adequate descriptive title. Footnotes to tables should be designated by lower-case letters appearing as superscript to the appropriate entries. Tables should be presented on separate sheets, grouped together at the end of the manuscript. Their approximate positions in the text should be indicated.

Mathematical notations


  • should be selected so as to simplify the typesetting process. Authors should attempt to make mathematical expressions in the body of the text as simple as possible. Greek letters and unusual symbols (if handwritten) must be labelled when they first appear in the manuscript, as well as the subscript ‘oh’ (as distinguished from the number ‘zero’).

Illustrations


  • should be prepared on separate A4 pages. Authors should use dedicated graphical software giving uniform lines and lettering of a size which will be clearly legible after reduction. Freehand or typewritten lettering and lines are not acceptable. Authors are requested to pay particular attention to the proportions of illustrations so that they can be accommodated in single (86 mm) or double (179 mm) columns after reduction, without wastage of space. Figures should be numbered consecutively in Arabic numerals (Figure 1), and descriptive captions should be listed on a separate page. All illustrations should be grouped together at the end of the manuscript, and their approximate positions in the text indicated.

References: The Harvard method should be used


References in the text:


Cited information must be identified accurately. The surname(s) of the author(s), year of publication and page number(s) appear in parentheses after the quotation, for example (Coetzee, 1986: 2-5), (Brown & Jones, 1986: 2-5). Omit the page number(s) if the entire publication is referred to, for example (Berger, 1994). In works by three or more authors the surnames of all the authors should be given in the first reference to such a work, for example ‘A recent study (Jones, Smith, Boren & White, 1993) shows …’ In later references to this work only the first author’s name is given, and the abbreviation et al., a comma and the year of publication. For example: (Jones et al., 1993).

References at the end of the manuscript:


More details about sources referred to in the text must appear at the end of the manuscript under the caption ‘References’. Sources must be arranged alphabetically according to the surnames of the first author. If more than one publication by the same author(s) appear in one year they must be distinguished by an a, b, etc., for example 1981a, 1981b.

References from books:


After the year of publication, follows the title. The edition. Place of publication: publisher.
Principles of general psychology. 4th edition. London: Longmans.

References from chapters in a book:


Smith, E. 1980. Helping the poor. In Visagie, A. (Ed.). Poverty in the 3rd World. Harare: Omega Books.

References from journals:


After the year of publication, follows the title of the article, title of the journal, volume(number), page(s).
Jones, 1. 1956. ‘Isomorphism, isoterism and covalence’, Journal of Business, 23(3): 46-7.

References from the internet:


Hamman, P.J. 1999. Food consumption and production. [online] http://www/wri.org/critcons/food.pdf

The address of the editor is Professor Eon Smit, Journal for Studies in Economics and Econometrics (SEE), University of Stellenbosch Business School, PO Box 610, Bellville 7535, South Africa (email: evdms@usb.sun.ac.za). Please submit manuscripts to Ilse Munnik (e-mail: see@usb.ac.za)

No articles will be published without first undergoing an anonymous but rigorous refereeing procedure. The editor reserves the right to make the final decision with respect to publication.

No articles which have been published elsewhere or are under consideration elsewhere will be considered. Nor will any articles be considered that are not linguistically and idiomatically correct or do not adhere to the instructions to authors.

If accepted, one proof will be sent to the author. Corrected proofs should be returned to the editor within three days of receipt.

Copyright for all published material is vested in Stellenbosch University.

All opinions expressed in papers appearing in the Journal for Studies in Economics and Econometrics are those of the authors, and are not necessarily subscribed to by the editor or members of the editorial panel.

Authors are invited to provide names, addresses, and fields of interest of 4 – 6 persons (outside their institution) who are qualified to act as referees for their paper. The editor will try to ensure that at least one referee comes from this group.

Correspondence from readers is encouraged on all matters pertinent. Especially welcome are academic replies to articles published in the journal

Editorial Policy


The Journal for Studies in Economics and Econometrics is an international journal that publishes articles in the field of study of Economics (in the widest sense of the word). All contributions are welcome, but are subject to an objective selection procedure to ensure that all published articles answer the criteria of scientific objectivity, importance, competence, replicability and intelligibility. In cases where the data used in the study are not freely available, an author may be requested to provide the referees with his data base.

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