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A Retrospective Look at How Well a Macro‐Micro Model Can Analyze the Impact of the Global Financial Crisis on a Developing Country
Author(s) -
Chitiga Margaret,
Decaluwe Bernard,
Mabugu Ramos,
Maisonnave Helene,
Robichaud Veronique,
Shepherd Debra,
Van Der Berg Servaas,
Von Fintel Dieter
Publication year - 2015
Publication title -
poverty and public policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.206
H-Index - 4
ISSN - 1944-2858
DOI - 10.1002/pop4.107
Subject(s) - macro , financial crisis , poverty , position (finance) , context (archaeology) , micro level , economics , macro level , development economics , macroeconomics , economic growth , economic impact analysis , computer science , finance , geography , microeconomics , archaeology , programming language
This article is a follow‐up to one that looked at the impact of the economic crisis on child poverty in South Africa using a macro–micro modeling technique. The current article's contribution is to position the results of the first article in the context of the actual effects of the crisis. Hence, this article offers a comparative analysis between the results of the modeling with the actual observed outcomes. It also offers explanations for why some model results are different from what obtained in the country after the crisis period.