 Structural minerals fluctuations and the macroeconomyMPRA Paper from University Library of Munich, Germany Abstract: This paper analyses the structural relationship between minerals fluctuations and the macroeconomy in South Africa. This is achieved by isolating the trend component of output of the aggregate minerals industry, together with output of disaggregated minerals and comparing their fluctuations with the trend component of aggregate, or economy wide, output. The results have shown a statistically significant, and predominantly positive, relationship between aggregate, or economy wide, output and output of Mining, at structural, or long term, periodicities. The results have further shown a positive, or procyclical, relationship between aggregate, or economy wide, output and output of Chromium, Manganese and Quarrying, an acyclical relationship between aggregate output and output of Nickel and Other metals, while they show a negative, or countercyclical, relationship between aggregate output and output of Coal, Iron ore, Copper, PGMs, Gold, Diamonds and Other non metals. The paper recommends a comprehensive determination of the temporal relationship between the minerals industry and 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:125154 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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