Three-period moving average: Coincident indicator vs. the financial indicator

Source publication

FIGURE 4: Coincident indicator vs. the financial indicator

FIGURE 5: Three-period moving average: Coincident indicator vs. the...

FIGURE 6: Out of sample performance of the financial indicator

Regression results for the equity component

Regression results for the capital component

Does the financial market lead the business cycle in South Africa?

Article

Full-text available

Apr 2008

Ilse Botha

Financial markets play a significant role in an emerging market economy such as South Africa, especially after financial liberalisation. Financial liberalisation causes economies to interrelate across borders and between different sectors. The impact of this interrelationship can be captured by taking the different components of the financial marke...