Market efficiency and welfare effects of inter-sectoral water allocation in South Africa

Inter-sectoral competition for water allocation in rural South Africa: Analysing a case study through a standard environmental economics approach

South Africa has adopted an ambitious new water legislation that promotes equity, sustainability, representativity and economic performance through water management decentralization, new local and regional management institutions, water users’ licensing, and the possible emergence of water rights’ markets. This paper addresses the diversity of water users and uses that currently exists in rural...

Foreign Exchange Market Efficiency Tests in South Africa

Are frequent changes in freely floating exchange rates attributable to stabilising speculation reflecting changes in the fundamental determinants of currencies; or to destabilising behaviour of various kinds, driving prices away from fundamentals, and creating "excess" volatility? This paper, motivated by the need to assess appropriate tests for efficiency for the growing range of liberalised a...

Water market transfers in South Africa: Two case studies

[1] Statistical analyses (discriminant, logit, and principal components) of water transfers in the Lower Orange River showed that water rights were transferred to farmers with the highest return per unit of water applied, those producing table grapes, and with highpotential arable ‘‘outer land’’ without water rights. Only unused water (sleeper right) was transferred, while water saved (through ...

Sectoral Analysis of the Aerospace Industry in South Africa

the role of market in optimal water resources allocation and efficacious factors influencing the efficiency of water markets

recently, the existing mechanism of the market has been considered as an efficient method for allocating water resources in some developed and developing countries. the necessary conditions to establish an efficient water market and its economic consequents must be recognized before using this method in iran. the purpose of this study is to investigate the economic consequences and present prac...