THE USE OF A MARSHALLIAN MACROECONOMIC MODEL FOR POLICY EVALUATION: CASE OF SOUTH AFRICA

Using a disaggregated Marshallian Macroeconomic Model (MMM-DA), this paper investigates how the adoption of a set of 'free market reforms' may affect the economic growth rate of South Africa. Accounting for possible side effects mainly on the budget deficit, our findings suggest that the institution of the proposed policy reforms would yield a substantial growth in the aggregate annual real GDP. The resulting GDP growth rate could range from 5.3 percent to 9.8 percent depending on which variant of the reform policies is implemented.Marshallian Macroeconometric Model, Disaggregation, Transfer functions

The Use of a Marshallian Macroeconomic Model for Policy Evaluation: Case of South Africa

Using a disaggregated Marshallian Macroeconomic Model (MMM-DA), this paper investigates how the adoption of a set of 'free market reforms' may affect the economic growth rate of South Africa. Accounting for possible side effects mainly on the budget deficit, our findings suggest that the institution of the proposed policy reforms would yield a substantial growth in the aggregate annual real GDP. The resulting GDP growth rate could range from 5.3 percent to 9.8 percent depending on which variant of the reform policies is implemented.Marshallian Macroeconometric Model; Disaggregation; Transfer functions.

Quantum theory of spontaneous and stimulated emission of surface plasmons

We introduce a quantization scheme that can be applied to surface waves propagating along a plane interface. An important result is the derivation of the energy of the surface wave for dispersive non-lossy media without invoking any specific model for the dielectric constant. Working in Coulomb's gauge, we use a modal representation of the fields. Each mode can be associated with a quantum harmonic oscillator. We have applied the formalism to derive quantum-mechanically the spontaneous emission rate of surface plasmon by a two-level system. The result is in very good agreement with Green's tensor approach in the non-lossy case. Green's approach allows also to account for losses, so that the limitations of a quantum approach of surface plasmons are clearly defined. Finally, the issue of stimulated versus spontaneous emission has been addressed. Because of the increasing density of states near the asymptote of the dispersion relation, it is quantitatively shown that the stimulated emission probability is too small to obtain gain in this frequency region.Comment: 14 pages, 5 figures, submitted to Phys. Rev. B

Asymptotic dynamics of thermal quantum fields

It is shown that the timelike asymptotic properties of thermal correlation functions in relativistic quantum field theory can consistently be described in terms of free fields carrying some stochastic degree of freedom which couples to the thermal background. These ``asymptotic thermal fields'' have specific algebraic properties (commutation relations) and their dynamics can be expressed in terms of asymptotic field equations. The formalism is applied to interacting theories where it yields concrete non-perturbative results for the asymptotic thermal propagators. The results are consistent with the expected features of dissipative propagation of the constitutents of thermal states, outlined in previous work, and they shed new light on the non-perturbative effects of thermal backgrounds.Comment: 23 pages, 2 figures; introduction extended, appendix on thermal Green's functions added. Version as to appear in Nuclear Physics

Positivity bounds for Sivers functions

We generalize a positivity constraint derived initially for parity-conserving processes to the parity-violating ones, and use it to derive non-trivial bounds on several Sivers functions, entering in the theoretical description of single spin asymmetry for various processes.Comment: 6 pages, version to appear in PL

The use of a Marshallian macroeconomic model for policy evaluation : case of South Africa

Using a disaggregated Marshallian macroeconomic model, this paper investigates how the adoption of a set of “free market reforms” may affect the economic growth rate of South Africa. Our findings suggest that the institution of the proposed policy reforms would yield substantial growth in aggregate annual real GDP. The resulting annual GDP growth rate could range from 5.3% to 9.8%, depending on which variant of the reform policies was implemented.http://journals.cambridge.org/MD