IMPACT OF INFLATION TARGETING IN SOUTH AFRICA ON PRIVATE SECTOR SPENDING ON CONSTRUCTION

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Date
2016
Authors
Babalola, A. J.
Journal Title
Journal ISSN
Volume Title
Publisher
JClRE, Journal of Department of Estate Management, University of Lagos, Nigeria ..
Abstract
The purpose of this study is to investigate the effects of inflation targeting on the private sector spending on construction in South Africa. The research approach was quantitative and the data were historical, drawn from different data sources such as South African Reserve Bank, Statistic South Africa and Quantec. The data used were private sector spending on construction as the dependent variable while GDP, inflation rate and interest rate were independent variables covering the period between 1984 and 2011. The estimation technique used is the ordinary least squared method. To ensure that the model is robust and alid, diagnostic check such as R-squared; probability ofF-statistics; and normality were carried out. It as discovered that the model is robust, stable and all the independent variables jointly influenced the pendent variable. The study recommended that the monetary policy in South Africa should look into ays of growing the economy so as to make itsustainable, thereby promoting every sector.
Description
Scholarly Article
Keywords
Construction sector , Economy performance , Inflation targeting , Private sector , South Africa , Research Subject Categories::TECHNOLOGY
Citation
Babalola, A. J. (2016). Impact of Inflation Targeting in South Africa on Private Sector Spending in Construction. Journal of Contemporary Issues in Real Estate, Department of Estate, University of Lagos, Nigeria; Vol. 3, No. 1. Pg. 115-121.