 Transitory minerals fluctuations and the macroeconomyMPRA Paper from University Library of Munich, Germany Abstract: This paper analyses the transitory relationship between minerals fluctuations and the macroeconomy in South Africa. This was achieved by isolating the cycle component of output of the minerals industry, together with output of disaggregated minerals and comparing their fluctuations with the cycle component of aggregate, or economy wide, output. The results show an insignificant, and predominantly countercyclical, relationship between aggregate output and output of Mining at transitory, or short term, periodicities. The results further show a positive, or procyclical, relationship between aggregate output and output of Chromium, Nickel, Other metals and quarrying, a mixed, and predominantly acyclical, relationship between aggregate output and output of Iron ore and Manganese, while they also show a negative, or countercyclical, relationship between aggregate, or economy wide, output and output of Coal, Copper, PGMs, Gold, Diamonds and Other non metals. The paper recommends a comprehensive determination of the temporal relationship between the minerals industry and various macroeconomic indicators to inform targeted policy decision making, where appropriate. Keywords: Minerals fluctuations; Minerals industry; Economic cycles (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:125153 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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