| Article ID: | iaor2001266 |
| Country: | South Africa |
| Volume: | 22 |
| Issue: | 3 |
| Start Page Number: | 91 |
| End Page Number: | 109 |
| Publication Date: | Jan 1999 |
| Journal: | International Studies In Economics and Econometrics |
| Authors: | Roux P. le, Levin M. |
| Keywords: | business cycles |
This article explores the validity of the Austrian cycle for South Africa. It conducts Granger-causality tests in searching for causation as well as diagrammatical expositions of the dynamics of the Austrian cycle. Evidence is found of the existence of the Austrian variety of the business cycle for South Africa. This places the Austrian approach as an important alternative to conventional mainstream theories in the explanation of the business cycle.