文章基本信息

标题：Unemployment in South Africa 1970 – 2002: The development of a configuration concern for future employment
其他标题：Unemployment in South Africa 1970 – 2002: The development of a configuration concern for future employment
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作者：Christie Schoeman ; Phillip Blaauw
期刊名称：Journal of Economic and Financial Sciences
印刷版ISSN：1995-7076
电子版ISSN：2312-2803
出版年度：2009
卷号：3
期号：1
页码：87-98
DOI：10.4102/jef.v3i1.348
摘要：Unemployment in South Africa has reached crisis proportions and does not seem to be decreasing in concurrence with the more propitious economic reality. Indeed, the unemployment process seems to be isolated from economic reality and has developed a life of its own. This paper investigates what initiates and underlies the development of this phenomenon. The Phillips model on endogenously determined long-run equilibrium unemployment is applied, using hysteresis models and autoregressive modelling, to determine the nature of the high and sustained levels of South African unemployment. We find evidence of unemployment in South Africa being a historical inheritance preserved by uncertainty and sunken costs in the labour market.
其他摘要：Unemployment in South Africa has reached crisis proportions and does not seem to be decreasing in concurrence with the more propitious economic reality. Indeed, the unemployment process seems to be isolated from economic reality and has developed a life of its own. This paper investigates what initiates and underlies the development of this phenomenon. The Phillips model on endogenously determined long-run equilibrium unemployment is applied, using hysteresis models and autoregressive modelling, to determine the nature of the high and sustained levels of South African unemployment. We find evidence of unemployment in South Africa being a historical inheritance preserved by uncertainty and sunken costs in the labour market.
关键词：Hysteresis;unemployment;persistence;remanence;heterogeneous agents;extreme shocks
其他关键词：hysteresis;unemployment;persistence;remanence;heterogeneous agents;extreme shocks