Please join us for this first exciting event in the CCASA's 2008-2009 Luncheon program.
Our September speaker is Jacques Kibambe Ngoie, who is on faculty at the University of Pretoria and is on staff at the African Institute of Econometric Modeling. His talk is co-authored with Arnold Zellner.
In this paper, an evaluation of the effects of several policy reforms on the South African economy's growth rate are evaluated using an estimated disaggregated Marshallian Macroeconometric Model (MMM-DA). The results indicate that institution of these policy reforms would result in a real GDP growth rate of 8.5% with a standard error of 1.3 percentage points. The "freedom reforms" considered include (1) freeing up barriers to firms' and workers' abilities to start up new firms and to obtain new employment and (2) health and educational programs that free individuals from poor health and ignorance, thereby enhancing their productivity. The usefulness of our MMM-DA model are discussed and several suggestions for improving it are considered.
The October luncheon will be held on October 21, and the speaker will be Byron Bell, from Harold Washington College. Dr Bell will discuss his work on new developments in modeling autocorrelation.
Plans for our future luncheons will be included in our upcoming announcements and in the Parameter.
Lunch is $30 for CCASA members, $35 for nonmembers. Nonmembers, join the chapter for a year for only $15 and get the discount plus all the other benefits of membership!
Please register for the luncheon by Friday September 19, 2008. Contact Lou Fogg, VP for Luncheons Phone: 312-942-6239 or E-mail: email@example.com