The effect of unemployment on economic growth in South Africa (1994-2016)
Sibusiso Makaringe () and
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Sibusiso Makaringe: Department of Economics, Nelson Mandela University
No 1815, Working Papers from Department of Economics, Nelson Mandela University
This study sought to investigate the trends and impact of unemployment on economic growth in South Africa using quarterly data over the period 1994Q1 to 2016Q4. The Auto Regressive Distribution Lag (ARDL) bounds test approach is applied to determine the existence of the long run linkage among the variables. The results from the ARDL model suggest that there is a long run relationship between unemployment and economic growth. The empirical results obtained confirmed that there is a negative relationship between unemployment and economic growth both in the long and short run.
Keywords: Unemployment; Labour Force; Economic Growth; Co-integration; South Africa; Autoregressive Distribution Lag Model (ARDL). (search for similar items in EconPapers)
JEL-codes: A13 B22 C30 H30 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2018-03, Revised 2018-03
New Economics Papers: this item is included in nep-gro
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http://repec.mandela.ac.za/RePEc/mnd/wpaper/paper.1815.pdf First version, 2018 (application/pdf)
Working Paper: The effect of unemployment on economic growth in South Africa (1994-2016) (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:mnd:wpaper:1815
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