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Real Exchange Rate Misalignment and Economic Growth Nexus: Evidence from Southern African countries Maziriri, Eugine Tafadzwa; Mutodi, Knowledge; Chuchu, Tinashe
KINERJA Vol 25, No 2 (2021): KINERJA
Publisher : Faculty of Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v25i2.4401

Abstract

This paper investigates the link between real exchange rate misalignment and Southern African countries' economic growth. The study used panel data for 16 Southern African countries over 17 years. Generalized methods of moments (GMM) was applied to analyze the panel growth equation. The estimated results have suggested that the real exchange rate, real exchange rate misalignment, terms of trade, and foreign direct investment explains variation in income growth of southern African countries. The real exchange rate appreciation over the study period has adversely affected growth, whereas real exchange rate undervaluation suggests a positive impact on annual income growth. Unfavourable terms of trade were found to hurt growth, whereas foreign direct investment upsurge stimulates growth. Thus, policymakers in their respective African countries ought to diligently monitor real exchange rate misalignment in the foreign exchange market. An increase in real exchange rate overvaluation may adversely affect the trade and current account balances, which might ultimately hurt growth.
Local Tourists’ Perceptions on City Rejuvenation, Destination Image, City Brand Identity and Intention to Recommend Johannesburg, South Africa Sehahabane, Puseletso; Chuchu, Tinashe; Maziriri, Eugine Tafadzwa
Journal of Indonesian Tourism and Development Studies Vol. 11 No. 1 (2023)
Publisher : Graduate School, Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.jitode.2023.011.01.02

Abstract

Destination marketing, as a concept, has received much attention in tourism research. This research investigates the relationship between constructs, including city rejuvenation, destination image, city brand identity, and city perceptions. The study was quantitative in nature, adopting the survey method. A unique conceptual model was developed to test proposed hypotheses based on the abovementioned constructs. Data was collected from Braamfontein, a busy business district of Johannesburg, South Africa. A total of 297 participants completed the survey, and these responses were processed in SPSS 24 and AMOS 24 for descriptive statistics and hypotheses testing, respectively. The outcome (intention to recommend) was tested against three constructs (city brand identity, destination image, and city perception. The key finding suggests that destination image has the strongest influence on the intention to recommend a destination. This implies that the most significant incentive for tourists to recommend a destination is mainly caused by the traveller's perception of the destination's image. Based on the implications of the findings, further research direction is proposed. Keywords: City Brand Identity, City Perceptions, City Rejuvenation, Destination Image.
Modelling Key Obstacles Hindering The Business Performance of Small and Medium Enterprises Within The Mangaung Metropolitan Area in South Africa Kareli, Bennedict Motsamai; Maziriri, Eugine Tafadzwa; Chuchu, Tinashe
Indonesian Journal of Business and Entrepreneurship Vol. 9 No. 3 (2023): IJBE, Vol. 9 No. 3, September 2023
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.9.3.347

Abstract

SMEs play a crucial role in South Africa's economic growth, contributing to production capacity and job creation. This study focused on understanding the obstacles hindering SMEs and specifically examined the impact of financial, management, corruption, and infrastructure obstacles on SME performance in the Mangaung metropolitan area. Data was collected through an online survey from 240 SME owners/managers using a non-probability convenience sampling method. The results, analyzed using SPSS and SmartPLS, revealed that financial, management, corruption, and infrastructure obstacles have a negative effect on SME performance in the Mangaung metropolitan area. The findings have theoretical implications for entrepreneurship research and provide insights for SME managers to improve their entrepreneurial endeavors. The study also has policy implications, suggesting the need for revised credit access policies with lower interest rates for SMEs. Overall, this research contributes new knowledge to the entrepreneurship and small business management literature in the African context, which has been under-researched in academia. Keywords: job creation, corruption, infrastructure obstacles, business performance, SMEs