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Professor Harold Ngalawa

Professor Harold Ngalawa

Head of Economics

Discipline Economics
Email

ngalawa@ukzn.ac.za

Contact

+27 31 260 7558

Campus Westville
Office Address J Block Room 301

Academic Qualifications

  • PhD

Biography

Professor Harold Ngalawa is a professor of economics and the founding member of the Macroeconomics Research Unit (MRU) and the only research unit specializing in macroeconomics research in South Africa.

Ngalawa served as the Acting College of Law and Management Studies Dean of Research from 2017 to 2019 following his appointment as the Academic Leader Research and Higher Degrees in School of Accounting, Economics and Finance.

Prior to joining the University of KwaZulu-Natal, Ngalawa taught economics at the University of Malawi and before that worked as a bank economist at the Commercial Bank of Malawi Limited and later as the Head of Research at the Continental Discount House Limited in Malawi.

Ngalawa holds a PhD in economics from the University of Cape Town and a Master of Arts in economics from the University of Malawi. He is also a Certified Associate of the Institute of Bankers in South Africa.

Ngalawa’s research interests include monetary theory and practice, structural asymmetries and policy failure, deposit insurance, banking instability and indigenous finance, among others. He has published extensively in many local and international journals including Economic Modelling, Journal of Applied Economics, South African Journal of Economics, The African Finance Journal and the South African Journal of Economic and Management Sciences, among many others.

He has also presented his research at conferences in many countries including the United Kingdom (Oxford University), United States of America, Norway, the Netherlands, Hong Kong, China, Czech Republic, Turkey, Tanzania, Senegal, Ethiopia, Swaziland, Kenya, and Uganda, among others. Harold is the co-author of the “Secret Kingdoms: De Beers, Botswana and the Global Diamond Marker.”

Research Interests

  • Monetary theory and practice
  • Banking Instability
  • Deposit Insurance
  • Informal Finance
  • Monetary-fiscal policy interdependence
  • Dynamic stochastic general equilibrium modeling
  • capital formation
  • economic growth and regional integration.

Professional Qualifications

  • CAIB (SA)

Professional Bodies

  • Economic Society of South Africa

Selected Publications

Recent Publications: JOURNAL ARTICLES

  1. Sinethemba Doctor Sangweni and Harold Ngalawa (2023). Inflation Dynamics in South Africa: The Role of Public Debt, Journal of Economic and Financial Sciences 16(1), 1-11, a750, DOI: https://doi.org/10.4102/jef.v16i1.750
  2. Ngalawa, H. and Derera, E. (2023). “Macroeconomic Determinants of Banking Instability in Ghana” in Peprah, J., Derera, E., Ngalawa, H. and Arun, T. Eds. “Financial Sector Development in Ghana: Exploring Banking Stability, Financing Models, and Development Challenges for Sustainable Financial Markets,” London: Palgrave Macmillan
  3. Ngundu, M., & Ngalawa, H. (2023). Causal Relationship between Africa’s Growth and Chinese Debt Financing for Infrastructure Development Montenegrin Journal of Economics 19(1), 127-137.
  4. Dlamini, L., & Ngalawa, H. (2022). Macroprudential policy and house prices in an estimated Dynamic Stochastic General Equilibrium model for South Africa. Australian Economic Papers, 2022(61):304-336. https://doi.org/10.1111/1467-8454.12249
  5. Nzimande, N. and Ngalawa, H. (2022). Tax-spend or spend-tax: The case of Southern Africa. Economies, 10(4). https://doi.org/10.3390/economies10040085.
  6. Kutu, A., Alori, D. and Ngalawa, H. (2021). Exchange rate response to oil price and political shocks: what can Nigeria do? Journal of Life Economics, 8(2), pp.237-246.
  7. Ngalawa, H., & Derera, E. (2020). Agricultural Production, Employment and Gender Vulnerability: Covid-19 Implications. African Journal of Governance & Development, 9(1.1), 200-225. Retrieved from https://journals.ukzn.ac.za/index.php/jgd/article/view/1706
  8. Ngalawa, H., & Komba, C. (2020). Inflation‐Output Trade‐Off in South Africa: Is the Phillips Curve Symmetric?. South African Journal of Economics, 88(4), 472-494. doi: 10.1111/saje.12264
  9. Adelakun, O.J. and Ngalawa, H. (2020). The Role of Oil Prices in Phillips Curve Modelling and Forecasting of Inflation, Journal of Economic and Financial Sciences, ISSN: (Online) 2312-2803, (Print) 1995-7076 (pp. 1-11)
  10. Adelakun, O.J. and Ngalawa, H. (2020). Modelling Exchange-Rate Pass-through: A Model of Oil Prices and Asymmetric Exchange Rate Fluctuations, Journal of Economic and Financial Sciences, ISSN: (Online) 2312-2803, (Print) 1995-7076 (pp. 1-10)
  11. Nzimande, N. and Ngalawa, H. (2019). The Endogeneity of Business Cycles Synchronisation in Southern African Development Community. 2019. Global Economy Journal, 19(2):1-12 ISSN (online) 2194-5659, DOI: 10.1142/S2194565919500106
  12. Nzimande, N. & Ngalawa, H. (2019). Fiscal Policy Sustainability in SADC Countries, The African Finance Journal, 86(21), Part1, pp. 86-97
  13. Omolade Adeleke, Ngalawa Harold & Adebayo Kutu (2019). Crude Oil Price Shocks and Macroeconomic Performance in Africa’s Oil Producing Countries, Cogent Economics & Finance, DOI: 10.1080/23322039.2019.1607431
  14. Bob, U., Swart, K., Ngalawa, H. and Nzimande, N. (2018). Methodological Challenges in Assessing the Economic Impacts of Coastal and Marine Tourism in South Africa: Reflections from a Piloting Project. EuroEconomica,37(2): 202-2017
  15. Ngalawa, H., (2018). Informal financial transactions and monetary policy in low-income countries: Interpolated informal credit and interest rates in Malawi, South African Journal of Economic and Management Sciences, 21(1), a1531. https://doi.org/ 10.4102/sajems.v21i1.1531
  16. Nzimande, N.P. and Ngalawa, H. (2017). Business Cycle Synchronisation in the SADC Area: Evidence from Dynamic Factor Modelling, Interdisciplinary Journal of Economics & Business Law, 6(4): 8-37
  17. Dlamini, L. and Ngalawa, H. (2017). Monetary Policy and Asymmetric Effects of Oil Price Shocks in South Africa, Interdisciplinary Journal of Economics & Business Law, 6(4): 78-109
  18. Gisanabagabo, S. and Ngalawa, H. (2017). Financial Intermediation and Economic Growth: Evidence from Rwanda, Journal of Economic and Financial Sciences, 10(2): 253-273
  19. Nzimande, N. and Ngalawa, H. (2017). The Endogeneity of Business Cycle Synchronisation in SADC: A GMM Approach, Cogent Economics and Finance, 2017(5):1-14
  20. Gisanabagabo, S. and Ngalawa, H. (2016). Measuring Commercial Bank’s Efficiency in Rwanda: A Stochastic Frontier Analysis, International Business Management, 10(24): 5777-5786
  21. Kutu, A. and Ngalawa, H. (2016). Dynamics of industrial production in BRICS countries. International Journal of Economics and Finance Studies, 8(1):1-25
  22. Ngalawa, H., Tchanatchana, F. and Viegi, N. (2016). Banking Instability and Deposit Insurance: The Role of Moral Hazard, Journal of Applied Economics, XIX (2): 323-350

BOOKS

  1. Grynberg, R. and Ngalawa, H. (2017). Secret Kingdoms: De Beers, Botswana and the Global Diamond. Scholar’s Press.

EDITED BOOKS

  1. Financial Sector Development in Ghana: Exploring bank stability, financing models, and development challenges for sustainable financial markets (2023), edited by Peprah, J., Derera, E., Ngalawa, H. and Arun, T. Palgrave Macmillan: London