Outputs (89)

At the Helm (2024)
Digital Artefact
Driver, C., & Kenway, P. (2024). At the Helm

Labour's embrace of active industrial strategy can count on widespread support, including from businesses. But the details may need further thought - and labour interests must be included

South African Manufacturing: The challenge of growth with jobs (2023)
Journal Article
Driver, C. (2024). South African Manufacturing: The challenge of growth with jobs. Structural Change and Economic Dynamics, 68, 433-445. https://doi.org/10.1016/j.strueco.2023.10.015

This paper evaluates South African manufacturing performance over 25 years. It reports the evolution of five basic variables: employment, mark-ups, exports, domestic sales, and investment, using an aggregated sample of firms from a reliable business... Read More about South African Manufacturing: The challenge of growth with jobs.

Macroeconomics with Firms and Stockmarkets (2023)
Journal Article
Driver, C. (2023). Macroeconomics with Firms and Stockmarkets. Contributions to Political Economy, 42(1), 117-127. https://doi.org/10.1093/cpe/bzad018

Empirical work on stock market data, coupled with behavioural findings on corporate decision-making, have produced a set of challenges for orthodox macroeconomics. This paper critically considers the work of Andrew Smithers and related contributions,... Read More about Macroeconomics with Firms and Stockmarkets.

Dividends Policy and Payouts: Evidence from South Africa (2023)
Preprint / Working Paper
Driver, C., Grosman, A., Scaramozzino, P., & Lesame, K. Dividends Policy and Payouts: Evidence from South Africa. Pretoria

The theoretical framework that informs dividend studies is somewhat loose. This makes it difficult to test competing views on dividend behaviour. One view is that it reflects a useful discipline on managerial autonomy to invest; another view is that... Read More about Dividends Policy and Payouts: Evidence from South Africa.

Why Starmer can't be Blair (2022)
Journal Article
Driver, C. (2022). Why Starmer can't be Blair. Fabian review, 134(4), 15-16

This article demonstrates that the economic policy environment has changed dramatically since the Blair years. Under the headings macroeconomy; markets vs planning; capital and broad investment; stakeholder voice, the changes that have occurred are d... Read More about Why Starmer can't be Blair.

Differing behaviours of forecasters of UK GDP growth (2022)
Journal Article
Meade, N., & Driver, C. (2023). Differing behaviours of forecasters of UK GDP growth. International Journal of Forecasting, 39(2), 772-790. https://doi.org/10.1016/j.ijforecast.2022.02.005

The literature suggests that the dispersion of agents’ forecasts of an event flows from heterogeneity of beliefs and models. Using a data set of fixed event point forecasts of UK GDP growth by a panel of independent forecasters published by HM Treasu... Read More about Differing behaviours of forecasters of UK GDP growth.

Investment in South Africa (2021)
Book Chapter
Driver, C., & Harris, L. Investment in South Africa. In A. Oqubay, F. Tregenna, & I. Valodia (Eds.), The Oxford Handbook of the South African Economy (441-466). Oxford University Press. https://doi.org/10.1093/oxfordhb/9780192894199.013.41

Abstract: Since the achievement of democracy, high levels of gross fixed capital formation have been required for the economic and social transformation of South Africa. Public-sector investment has risen, particularly since 2008, but private-busines... Read More about Investment in South Africa.

Broadening the ambit of industrial strategy to include latent demand and corporate governance (2021)
Book Chapter
Driver, C. (2021). Broadening the ambit of industrial strategy to include latent demand and corporate governance. In C. Berry, J. Froud, & T. Barker (Eds.), The Political Economy of Industrial Strategy in the UK (149-160). Agenda Publishing. https://doi.org/10.2307/j.ctv1mvw8s5.18

•Markets are more suited to reacting to incremental demand change than to implementing entirely new sets of opportunities. This is not only because markets are often short-termist or rent-seeking, but also because major innovative change implies ex... Read More about Broadening the ambit of industrial strategy to include latent demand and corporate governance.

A real stake for workers (2020)
Digital Artefact
Driver, C. A real stake for workers

Inclusive ownership funds have been promoted by many on the left as a way of giving employees more say in the way businesses are run. But is there a better means to a fairer end?

How investor pressure leads to higher dividend payouts (2020)
Digital Artefact
Driver, C., Grosman, A., & Scaramozzino, P. How investor pressure leads to higher dividend payouts

The dividends in the UK companies have been on the rise, despite uncertain economic outlook due to COVID-19, pension deficits and irrespective of whether the companies have been making profits. This column analyses the reasons for such a dramatic inc... Read More about How investor pressure leads to higher dividend payouts.