scholarly journals Analysis and Applicability of Heffron–Phillips Model

2016 ◽  
Vol 22 (4) ◽  
Author(s):  
Jozef Ritonja ◽  
Martin Petrun ◽  
Jernej Cernelic ◽  
Robert Brezovnik ◽  
Bostjan Polajzer
Keyword(s):  
2016 ◽  
Vol 32 (3) ◽  
pp. 669-684 ◽  
Author(s):  
Rong-fang Wang ◽  
Hong-jun Gao

2011 ◽  
Vol 17 (2) ◽  
pp. 265-272 ◽  
Author(s):  
D. Kauzlarić ◽  
A. Greiner ◽  
J. G. Korvink

2009 ◽  
Vol 3 (1) ◽  
pp. 87-98 ◽  
Author(s):  
Christie Schoeman ◽  
Phillip Blaauw

Unemployment in South Africa has reached crisis proportions and does not seem to be decreasing in concurrence with the more propitious economic reality. Indeed, the unemployment process seems to be isolated from economic reality and has developed a life of its own. This paper investigates what initiates and underlies the development of this phenomenon. The Phillips model on endogenously determined long-run equilibrium unemployment is applied, using hysteresis models and autoregressive modelling, to determine the nature of the high and sustained levels of South African unemployment. We find evidence of unemployment in South Africa being a historical inheritance preserved by uncertainty and sunken costs in the labour market.


Sign in / Sign up

Export Citation Format

Share Document