|
Education
Web
Viewing 1-1 of 1 total results
 For full Report: South Africa
be taken as conservative estimates. Furthermore, improvements in the Survey of Employment and Earnings (SEE) after 2001 introduced a structural break in the series. Therefore, we do not use enterprise-based estimates beyond 2001 in this report. Estimation of Employ...
1
0
be taken as conservative estimates. Furthermore, improvements in the Survey of Employment and Earnings (SEE) after 2001 introduced a structural break in the series. Therefore, we do not use enterprise-based estimates beyond 2001 in this report. Estimation of Employment Elasticity 1. Data As noted above, time series data on employment for South Africa are problematic. These estimates use the SEE time series data from 1967 to 2001 (Statistics South Africa) for total non-agricultural employment. These figures
177
0
http://www.undp-povertycentre.org/publications/reports/South%20Africa.pdf#page=177
www.undp-povertycentre.org/publications/reports/South%20Africa.pdf#page=1...
be taken as conservative estimates. Furthermore, improvements <span class="highlight">in</span> the Survey of Employment and Earnings (SEE) after 2001 introduced a structural break <span class="highlight">in</span> the series. Therefore, we do not use enterprise-<span class="highlight">based</span> estimates beyond 2001 <span class="highlight">in</span> this report. <span class="highlight">Estimation</span> of Employment Elasticity 1. Data As noted above, time series data <span class="highlight">on</span> employment for South Africa are problematic. These estimates use the SEE time series data from 1967 to 2001 (Statistics South Africa) for total non-agricultural employment. These figures
180
0
http://www.undp-povertycentre.org/publications/reports/South%20Africa.pdf#page=180
www.undp-povertycentre.org/publications/reports/South%20Africa.pdf#page=1...
impact of monetary policy <span class="highlight">on</span> investment as well as the effects of fiscal policy <span class="highlight">on</span> investment through public investment, taxation, and government domestic borrowing. The ob- jective is to shed <span class="highlight">light</span> <span class="highlight">on</span> strategies for increasing private investment. 2. The empirical model, the data, and <span class="highlight">estimation</span> methodology The analysis is <span class="highlight">based</span> <span class="highlight">on</span> an empirical investment model designed to allow us to estimate the effects of macroeconomic policy variables, controlling for other determinants of investment demand. The policy
194
0
http://www.undp-povertycentre.org/publications/reports/South%20Africa.pdf#page=194
www.undp-povertycentre.org/publications/reports/South%20Africa.pdf#page=1...
rate: -0.04 (contemporaneous), -0.28 (overall) Cumulative inflation effects <span class="highlight">on</span> consumption: contemporaneous period: -0.0039 one-period lag: -0.0065 two-period lag: -0.0007 (not significantly different from zero). Notes 1. Nominal debt payments would be calculated as the stock of debt times the nominal interest rate. <span class="highlight">Real</span> debt payments are therefore the <span class="highlight">real</span> stock of debt (the stock of debt divided by the current price level) multiplied by the nominal interest rate. 2. <span class="highlight">Augmented</span> Dickey-Fuller tests suggest that
205
0
http://www.undp-povertycentre.org/publications/reports/South%20Africa.pdf#page=205
www.undp-povertycentre.org/publications/reports/South%20Africa.pdf#page=2...
U.S. Treasury Bill rate. <span class="highlight">Source</span>: IFS. Private Credit: The four-quarter rate of growth of private credit created by all monetary institutions; monthly data transformed to quarterly data. <span class="highlight">Source</span>: South African Reserve Bank (http://www.reservebank.co.za/). Terms of Trade: Four-quarter change <span class="highlight">in</span> the terms of trade. <span class="highlight">Source</span>: South African Reserve Bank (http://www.reservebank.co.za/). Stationarity Tests <span class="highlight">on</span> Variables All of the variables were tested for stationarity using the <span class="highlight">Augmented</span> Dickey-Fuller tests. Table
|
