AN ANALYSIS OF THE SHORT AND LONG-RUN EFFECTS OF ECONOMIC GROWTH ON EMPLOYMENT IN SOUTH AFRICA

Daniel Francois MEYER

Makale detayları

AN ANALYSIS OF THE SHORT AND LONG-RUN EFFECTS OF ECONOMIC GROWTH ON EMPLOYMENT IN SOUTH AFRICA

Yazarlar:

Daniel Francois MEYER

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Economics and Finance Studies 2017 Vol.9 Issue 1, pp.177-193

Belge Tipi:

Makale

Yayın Tarihi:

1/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000810856

Sıklık:

İki Yıllık

eISSN:

1309-8055

Özet:

 

In any economy, employment growth at faster rates than economic growth is
 essential in reducing unemployment levels and facilitating economic
 development. Employment creation is one of the main cornerstones of any
 economy. Globally new employment has been difficult to achieve, especially
 within a low economic growth environment. High levels of sustained
 unemployment relate to structural weaknesses in an economy. South Africa has
 one of the highest rates of unemployment in the world of more than 27 percent,
 with associated low economic growth and relatively high levels of inflation and
 interest rates. The objective of this research was to analyse the status quo
 regarding employment and the relationship with economic growth measured as
 growth in gross domestic product (GDP) in South Africa. The study used
 econometric time-series methods to test for a long and short-run relationship
 between employment and economic growth by utilising quarterly data from 2002
 to 2016. Variables included in the study consisted of employment, real GDP,
 inflation rate and the repo rate. The study found long-run cointegrating
 relationships amongst the variables. The analysis indicated that South Africa has
 experienced an employment coefficient of 0.96. In terms of Granger-causality
 analysis, the study found that economic growth and repo rate cause changes in
 employment. Recommendations were also made regarding solutions for job
 creation in South Africa which should have an impact on future policy
 formulation.

Makale detayları

AN ANALYSIS OF THE SHORT AND LONG-RUN EFFECTS OF ECONOMIC GROWTH ON EMPLOYMENT IN SOUTH AFRICA

Yazarlar: Daniel Francois MEYER

Yayıncı: Sosyal Bilimler Araştırmaları Derneği

Dergi: International Journal of Economics and Finance Studies 2017 Vol.9 Issue 1, pp.177-193

Belge Tipi: Makale

Yayın Tarihi: 1/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000810856

Sıklık: İki Yıllık

eISSN: 1309-8055

Sayı

Yazarlar:

Daniel Francois MEYER

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Economics and Finance Studies 2017 Vol.9 Issue 1, pp.177-193

Belge Tipi:

Makale

Yayın Tarihi:

1/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000810856

Sıklık:

İki Yıllık

eISSN:

1309-8055