The School of Economics is proud to announce that two of last year’s Honours students, Armand Lourens and Andries Lombaard, have received scholarships and are going to further their studies abroad.
Armand and Andries have won Erasmus Mundus scholarships. Armand will be using his scholarship to study in the Economics Department of the University of Paris 1 – Panthéon Sorbonne from September.
Andries, who is currently busy with a Master’s degree at UCT, also won a Fulbright scholarship and will be going to Fordham Univeristy in New York City for the MA in International Political Economics and Development. He also sent us this message.
Congratulations guys, the hard work and dedication has paid off. Best of luck with your studies abroad.
Dit is eksamentyd op kampus en vir die dosente beteken dit nasienwerk. Dit gaan gewoonlik gepaard met verbasing oor sommige antwoorde, en verligting oor die slaagsyfer. Daar word baie gelag, stories vertel en ligtelik in tale gepraat. Natuurlik word daar baie, baie koffie gedrink.
Hierdie rondte het ons vir paar van die dosente gevra wat hulle top-5 nasien “songs” is en die antwoorde is uiteenlopend. Ons los dit vir die lesers om te raai wie het watter gekies:
En wanneer die gelag gesnuweeagtig raak: Lied van die lewe – Gé Korsten.
Our Research posts are about the latest academic research being done in the School of Economics. This week:
A comparative assessment of the economic benefits of shale gas extraction in the Karoo, South Africa
by Requier Wait and Riaan Rossouw
It has been said that the development of a shale gas industry could be a “game changer” for South Africa. Proponents of shale gas tend to emphasise the benefits whilst opponents emphasise the environmental costs. This paper is an attempt to inform the policy debate by highlighting both the potential economic benefits and environmental costs. To date, the Econometrix report (published in 2012) provides the only estimate of the economic impacts that may emanate from developing the Karoo’s shale gas. The report uses a Keynesian multiplier model to estimate the impacts. The analysis performed in this paper estimates the economic impacts using a Computable General Equilibrium (CGE) modelling approach and the results are compared to the findings of the Econometrix report. In doing so this paper provides an expanded view of the potential economic impact. Accordingly, this paper provides a number of findings on the estimated economic impact of shale gas extraction − based on the application of an economy-wide impact modelling methodology − which should be of interest to both opponents and proponents of the shale gas industry. By including all possible results, such as a boost in public sector jobs and an analysis of the impact on consumer prices and jobs in other sectors, this paper expands the current understanding of the likely impact of shale gas extraction in the Karoo of South Africa.
The paper is forthcoming in the SA Business Review, 2014.