scholarly journals The economic impact of unemployment and inflation on output growth in South Africa

2021 ◽  
Vol 13 (3) ◽  
pp. 117-126
Author(s):  
Jeke Leward ◽  
Zungwe Wanjuu Lazarus
Keyword(s):  
South Africa ◽  
Economic Impact ◽  
Output Growth

FINANCIAL INTEGRATION AND ENVIRONMENT IN AFRICA: THE ROLE OF OUTPUT GROWTH AND FOREIGN DIRECT INVESTMENT

2021 ◽  
pp. 2150002
Author(s):  
EKUNDAYO PETER MESAGAN ◽  
KAYODE ABIODUN AKINYEMI ◽  
ISMAILA AKANNI YUSUF
Keyword(s):  
South Africa ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Financial Integration ◽  
Ordinary Least Squares ◽  
Output Growth ◽  
Particulate Emissions ◽  
African Countries ◽  
Output Increase ◽  
Specific Emissions

As economies integrate financially and both investment and output increase, the environment may be affected depending on the nature of international financial resources attracted into the country. Hence, this study examines the effect of financial integration, output growth, and foreign direct investment (FDI) on the environment in selected African countries involving Nigeria, South Africa, Egypt, Algeria, and Angola between 1980 and 2017. The study uses carbon emissions and particulate emissions (PM) to proxy pollution and analyze the data through the fully modified ordinary least squares (FMOLS) technique. Empirical results show that financial integration worsens pollution in Egypt, Nigeria, Algeria, and in Africa; output growth deteriorates pollution in South Africa, Algeria, Angola, and in Africa; while FDI fuels environmental degradation in Egypt and South Africa. We recommend that African countries should strive to establish specific targets for lowering emissions even though the Kyoto Protocol did not set specific emissions reduction targets for them.

The Economic Impact of Second Home Development in Small-Town South Africa

2010 ◽  
Vol 35 (1) ◽  
pp. 55-66 ◽  
Author(s):  
Gijsbert Hoogendoorn ◽  
Gustav Visser
Keyword(s):  
South Africa ◽  
Economic Impact ◽  
Small Town ◽  
Second Home

scholarly journals Re-testing Wagner's Law: Structural breaks and disaggregated data for South Africa

2017 ◽  
Vol 9 (4(J)) ◽  
pp. 49-61
Author(s):  
Mthokozisi Mlilo ◽  
Matamela Netshikulwe
Keyword(s):  
South Africa ◽  
Structural Breaks ◽  
Government Expenditure ◽  
Active Role ◽  
Output Growth ◽  
Causality Test ◽  
Wagner’S Law ◽  
Education Expenditures ◽  
Wagner's Law ◽  
The Government

Direction of causality between government expenditure and output growth is pertinent for a developing country since a sizeable volume of economic resources is in the hands of the public sector. This paper investigates the Wagner's law in South Africa over the post-apartheid era, 1994-2015. This paper is unique to present studies since it uses disaggregated government expenditure and controls for structural breaks. The Granger non-causality test of Toda & Yamamoto, a superior technique compared to conventional Granger causality testing, is employed and this paper finds no support for Wagner's law. However, there is causality running from total government and education expenditures to output. This finding is in line with the Keynesian framework. It is recommended in the paper that the government should take an active role in promoting output growth through increases in education expenditures in particular.

scholarly journals The economic impact of hunting: A regional approach

2014 ◽  
Vol 17 (4) ◽  
pp. 379-395 ◽  
Author(s):  
Petrus Van der Merwe ◽  
Melville Saayman ◽  
Riaan Rossouw
Keyword(s):  
South Africa ◽  
Economic Impact ◽  
Impact Analysis ◽  
Geographical Location ◽  
Policy Formulation ◽  
Tourism Industry ◽  
Input Output ◽  
Output Analysis ◽  
Wildlife Tourism ◽  
Economic Impact Analysis

The core of South Africa tourism industry is based on wildlife tourism.  Private game reserves and game farms which forms part of wildlife tourism constitute most of the wildlife products in South Africa.  On these private reserves and game farms, hunting is one of the major income generators for product owners.  The aim of this study is to analyse the economic impact of hunting on the regional economies of three of South Africa’s most important hunting provinces. The study used economic multipliers, input-output analysis, and related modelling processes through input-output (supply-use) tables and social accounting matrices (SAM). The results differed significantly for the three provinces, with Limpopo receiving the biggest impact (R2.6 billion) and the Free State having the highest multiplier (2.08). The geographical location of the game farms, the number of farms per province and the species available all influenced the magnitude of the economic impact of hunters over and above the traditional determinants of economic impact analysis. The implication of the research is that it will help product owners in the development of game farms or hunting products, contribute to policy formulation, especially for government decisions on what products to offer where, and how to create more jobs.

scholarly journals Economic impact of electricity supply interruptions in South Africa

2020 ◽  
Vol 111 (2) ◽  
pp. 73-87
Author(s):  
Kingsley O. Akpeji ◽  
Azeez O. Olasoji ◽  
CT Gaunt ◽  
David T. O. Oyedokun ◽  
Kehinde O. Awodele ◽  
...  
Keyword(s):  
South Africa ◽  
Economic Impact ◽  
Electricity Supply ◽  
Supply Interruptions

Festival value in multicultural contexts: City festivals in South Africa

2020 ◽  
pp. 135481662093280
Author(s):  
Jen D Snowball ◽  
Geoff G Antrobus
Keyword(s):  
South Africa ◽  
Economic Impact ◽  
South African ◽  
Public Funding ◽  
Well Being ◽  
Cultural Participation ◽  
Strong Focus ◽  
The Social ◽  
Using Data ◽  
The Impact

Worldwide, the number and variety of cultural festivals have grown dramatically. Many areas see festivals as an important way to attract tourists, and their spending, to a region, resulting in a positive economic impact. While they offer important opportunities for artistic producers and audiences, there is growing pressure for festival organizers to demonstrate their value to society beyond their economic impact. Like many countries, South Africa has a strong focus on increasing diverse cultural participation, demonstrating the social, nonmarket values of events that receive public funding. Using data from two South African festivals, the article uses a valuation framework developed by the South African Cultural Observatory to demonstrate measures of audience diversity, the use of quality of life measures to gauge the impact of culture on well-being, and the use of community focus groups to assess the impact of participation on social cohesion and capacity building.

scholarly journals The economic impact of a rural land tax on selected commercial farms in Kwazulu-Natal, South Africa

2012 ◽  
Vol 11 (3) ◽  
pp. 372-387 ◽  
Author(s):  
MAG Darroch ◽  
RB Lee ◽  
GF Ortmann
Keyword(s):  
South Africa ◽  
Local Government ◽  
Economic Impact ◽  
Data Sets ◽  
Tax Rates ◽  
Rural Land ◽  
Tax Rate ◽  
Economic Profit ◽  
Kwazulu Natal ◽  
Commercial Farms

This study investigates the economic impact of a land tax implemented under the Local Government Municipal Property Rates Act No. 6 of 2004 on commercial farms using five case studies with five-year data sets in the Mtonjaneni and Umgeni municipal districts of KwaZulu-Natal. The case farms’ ability to pay annual rates between 0.25 per cent and 1 per cent of the value of improved land using real annual economic profit with and without rebates of up to 70 per cent proposed by the Department: Provincial and Local Government ranged from zero to five out of five years, with a mean of two out of five years. A 2 per cent land tax rate with such rebates could also be financed only in two out of five years on average. These results suggest that proposed annual land tax rates of 1.5 per cent (Mtonjaneni) or 1 per cent (Umgeni) on these specific farms would markedly reduce the incentive to invest in farm improvements

scholarly journals Economic Growth And Carbon Emissions In South Africa: An Empirical Investigation

2011 ◽  
Vol 10 (7) ◽  
pp. 75 ◽  
Author(s):  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Carbon Emissions ◽  
Empirical Investigation ◽  
Output Growth ◽  
Bounds Testing ◽  
Conservation Policies ◽  
Long Run

In this paper we examine the causal relationship between CO2 emissions and economic growth in South Africa - using the newly developed ARDL-Bounds testing approach. We incorporate energy consumption in a bivariate causality setting between CO2 emissions and economic growth, thereby creating a simple trivariate model. Our empirical results show that there is a distinct unidirectional causal flow from economic growth to carbon emissions in South Africa. We also find that energy consumption Granger-causes both carbon emissions and economic growth. We recommend that energy conservation policies, as well as appropriate forms of renewable energy, should be explored in South Africa in order to enable the country to reduce its carbon emission footprint without necessarily sacrificing its output growth. The results apply irrespective of whether the causality is estimated in the short or in the long run.

scholarly journals The Sectoral Employment Intensity of Growth in South Africa

2019 ◽  
Vol 23 ◽  
Author(s):  
Njabulo Innocent Mkhize
Keyword(s):  
South Africa ◽  
South African ◽  
Output Growth ◽  
Job Seekers ◽  
The South ◽  
Tertiary Sector ◽  
Business Services ◽  
Jobless Growth ◽  
Long Run ◽  
Sectoral Composition

Concerns have been expressed recently about the inability of the South African economy to provide adequate employment for the increasing number of job seekers. This paper investigates how sectoral employment intensity of output growth in the eight non-agricultural sectors of the South African economy has evolved in the period from the first quarter of 2000 to the fourth quarter of 2012, with a view to identifying key growth sectors that are employment intensive. Empirical findings of the study suggest that total non-agricultural employment and GDP do not move together in the long run, implying that jobless growth occurred in South Africa during the period under review. This supports the view that South Africa has become less labour-intensive and more capital-intensive. Results of a sectoral composition confirm a long-run relationship between employment and growth in the finance and business services, manufacturing, transport and utilities sectors. In particular, the results suggest that sectors within the tertiary sector are the best performing sectors in terms of employment intensity of output growth, reflecting the changing structure of the economy and the nature of employment shifting away from primary towards the tertiary sector. Investment in the tertiary sector is necessary to foster new employment opportunities and can assist in improving overall employment intensity in South Africa.

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