Economic Research Southern Africa is a research programme which is being funded by the South African Reserve Bank (SARB). The primary objectives of this research programme are: To provide for the management of a research programme focussed on growth, employment and broadening participation in the South African economy. To create a network of economic researchers based in South African universities and to deepen economic research capacity in Southern Africa. To expand and broaden economic research capacity in Southern Africa, train and mentor young economists and create a supportive network to link Southern African economic researchers. To draw a broad and representative range of South African economists into a programme of policy-oriented research, and to encourage independent and expert economic research.