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Is there hysteresis in South African unemployment? Evidence form the post-recessionary period

Vuyo Pikoko () and Andrew Phiri ()
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Vuyo Pikoko: Department of Economics, Nelson Mandela University

No 1803, Working Papers from Department of Economics, Nelson Mandela University

Abstract: High unemployment in South Africa possess as the country’s most problematic economic issue faced by South African policymakers and hence is considered an overriding priority within the design of large scale government expenditure programmes. In this study, we investigate the hysteresis hypothesis for 8 categories of unemployment in South Africa using a battery of individual and panel unit root testing procedures applied to quarterly data collected in the post-recession period of 2008:q1 to 2017:q2. Indeed our empirical results confirm the hysteresis hypothesis for a majority of unemployment classifications with the exception of unemployment associated with persons aged 55 to 64 years old. Overall, our obtained empirical results hold far reaching ramifications towards domestic policymakers.

Keywords: Unemployment; Hysteresis; Unit root tests; Stationarity; tests; South Africa; Sub Saharan Africa (SSA). (search for similar items in EconPapers)
JEL-codes: E32 R10 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac
Date: 2018-01, Revised 2018-01
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http://repec.mandela.ac.za/RePEc/mnd/wpaper/paper.1803.pdf First version, 2018 (application/pdf)

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