Economic Policy Uncertainty and the Employment Dynamics in South Africa Under the Inflation Targeting Regime

Eliphas Ndou and Nombulelo Gumata
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Nombulelo Gumata: Eldoreigne X3

Chapter Chapter 17 in Fiscal Policy Shocks and Macroeconomic Growth in South Africa, 2023, pp 215-220 from Springer

Abstract: Abstract This chapter examined whether economic policy uncertainty explains the employment dynamics and the reallocation of employment shares between the private and public sectors in South Africa during the inflation targeting period. The results show that an unexpected rise in economic policy uncertainty significantly lowers the total non-agricultural employment growth. However, there is no evidence of significant reallocation in employment shares between the public sector and private sector. This implies that those losing jobs, join the informal sector employment, possibly as they become self-employed. This finding implies that policymakers should implement policies that should lower economic policy uncertainty to benefit employment growth.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-37755-6_17

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DOI: 10.1007/978-3-031-37755-6_17

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