Causality Effects among Gross Capital Formation, Unemployment and Economic Growth in South Africa

Pasara, Michael Takudzwa; Garidzirai, Rufaro

doi:10.3390/economies8020026

Cited by 58 publications

(29 citation statements)

References 20 publications

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“…Since the study population is the Western Cape province, a time series analysis was employed from 1994-2019. A sample size of 25 was deemed fit in timeseries, especially when employing an Autoregressive distributive lag (Pasara and Garidzirai, 2020). The time-series data used includes international tourism arrival, unemployment rate, prosecution per population, economic growth, number of car hijacking and robbery.…”

Section: Materials and Methods Data Descriptionmentioning

confidence: 99%

“…Unemployment is expected to increase the crime rate in the province, thus, reducing the number of tourists in the province. Pasara and Garidzirai (2020) defined unemployment rate as all individuals who are actively looking for employment and cannot find a job. Economic growth is the increase in the Gross Domestic Product, considering the number of people in the country (Kathena and Shefeeni, 2017).…”

Section: Definition Of Variables and Priori Expectationmentioning

confidence: 99%

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AN AUTOREGRESSIVE DISTRIBUTIVE LAG ANALYSIS OF CRIME & TOURISM IN THE WESTERN CAPE PROVINCE, SOUTH AFRICA

Garidzirai¹

2021

GTG

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The relationship between crime and tourism has not received much attention in the academic fraternity. Instead, extensive attention has been placed on the impact of tourism on economic growth, inequality, poverty and employment. To contribute to the scarce literature on crime-tourism, the researcher examined the impact of crime on tourists arrival in the Western Cape Province, South Africa. An Autoregressive Distributive Lag model was employed to examine whether crime reduces or increases the arrival of tourists in the Western Cape Province. The results show that robberies, car hijacking and unemployment minimizes the number of tourists in the province, while economic growth and prosecution per population increases the number of tourists in the province. The results further highlight that robberies, car hijacking and unemployment disequilibrium can be solved after 1 year 6 months, holding all other things constant. Based on these findings, the study recommends that the government provide more employment opportunities to prevent crime in the province.

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Section: Materials and Methods Data Descriptionmentioning

confidence: 99%

Section: Definition Of Variables and Priori Expectationmentioning

confidence: 99%

AN AUTOREGRESSIVE DISTRIBUTIVE LAG ANALYSIS OF CRIME & TOURISM IN THE WESTERN CAPE PROVINCE, SOUTH AFRICA

Garidzirai¹

2021

GTG

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“…Gross capital formation (GCF) can improve the employment rate and economic growth [46]. Analyzing the relationship between these indicators shows a positive long-term relationship between gross capital formation with both economic growth [47,48] and the employment rate of labor [49].…”

Section: Introductionmentioning

confidence: 99%

Impact of Employed Labor Force, Investment, and Remittances on Economic Growth in EU Countries

et al. 2020

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This paper analyzes the evolution and influence of gross domestic product per capita, labor force participation rate, gross fixed capital formation, and personal remittances on economic growth for European Union (EU) countries, using data from the World Bank (1996–2019) and from Eurostat (the first two quarters 2019–2020). The study has three components: statistical analysis, analysis of the evolution for each country and EU, and estimation of the impact on economic growth rate by using a linear multifactorial regression model for 1996–2019, 1996–2008, and 2009–2019. The model was validated by econometric techniques. The long-term causal relationship between exogenous and endogenous variables was validated by the Granger test. The results of the study show a differentiated evolution of the indicators, and that all indicators are severely affected by the 2008 financial crisis and the debut of the COVID-19 crisis in early 2020. The model used shows the significant positive influence of labor and investment, and the minor effect of remittances on economic growth. In the context of the COVID-19 epidemic, the results of the study could be arguments to be considered for the redesign of economic policies at European Union level.

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“…Ekonomide var olan sermaye birikiminde yaşanacak artışın istihdam yaratması iktisadi anlamda beklenen bir durumdur. Elde edilen bu sonuç ilgili literatürle de uyumludur (Alrayes & Abu Wadi, 2018;Imran & Sial, 2013;Pasara & Garidzirai, 2020;Sahoo & Sahoo, 2019).…”

Section: Model Tahmin Sonuçlarıunclassified

Türkiye’de Yüksek Öğretim Harcamaları ve Genç İşsizliği İlişkisi Üzerine Bir Analiz

Maral¹,

Yıldız²,

Alpaydın³

2021

jepr

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Unemployment is a serious global problem. The problem of youth unemployment in particular has been the subject of many scientific studies, and the main causes and possible solutions to this problem have been evaluated and various solutions have been put forward. However, youth unemployment is a complex problem with no single solution. It is affected by many different factors. Moreover, the youth unemployment problem is getting bigger day by day. According to the statistics of the International Labor Organization (2020), the young population (15-24 years of age) increased from 1 billion to 1.3 billion between 1999-2019, but the number of young people participating in employment decreased from 568 million to 497 million. Many studies in different disciplines have been conducted on the main causes, results and possible solutions of the increasing youth unemployment problem. All these studies approach youth unemployment from different angles and offer different solutions to the problem. A complex problem such as youth unemployment is affected by many different factors.This study examines the effects of the variables of real gross domestic product per capita, labor productivity, gross capital formation, and higher education expenditures on youth unemployment-all of which are thought to affect youth unemployment. The study aims to make suggestions about youth unemployment by revealing the effects of these variables on youth unemployment. The study is based on quantitative data analysis and, in particular, time series analysis has been applied. The dataset used in the study was created based on the relevant literature and used the longest possible time interval. In addition, this study differs ABSTRACTThe problem of unemployment-especially among youth-has been the subject of many scientific studies. Scientists have worked on the main causes of youth unemployment and possible solutions for a long time and are still working on it. However, youth unemployment is a complex, global problem that is affected by many factors. Various scientific disciplines have dealt with different perspectives on the main causes, consequences and possible solutions of youth unemployment. The problem is increasing worldwide, and various opinions and suggestions have been put forward.The main objective of this study is to analyze the determinants of youth unemployment in Turkey for the period 1988-2019. The dependent variable of the study is youth unemployment, and the main variable that affects the dependent variable is higher education expenditures. Other control variables used in the study are real gross domestic product per capita, gross capital formation and labor productivity, respectively. The Autoregressive Distributed Lag Bounds Testing (ARDL Test) approach, which tests whether there is a short and long-run relationship between the series, was used in the study. The findings obtained from the analysis results indicate that youth unemployment is negatively associated with higher education expenditures and gross capital formation. It is p...

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Causality Effects among Gross Capital Formation, Unemployment and Economic Growth in South Africa

Cited by 58 publications

References 20 publications

AN AUTOREGRESSIVE DISTRIBUTIVE LAG ANALYSIS OF CRIME & TOURISM IN THE WESTERN CAPE PROVINCE, SOUTH AFRICA

AN AUTOREGRESSIVE DISTRIBUTIVE LAG ANALYSIS OF CRIME & TOURISM IN THE WESTERN CAPE PROVINCE, SOUTH AFRICA

Impact of Employed Labor Force, Investment, and Remittances on Economic Growth in EU Countries

Türkiye’de Yüksek Öğretim Harcamaları ve Genç İşsizliği İlişkisi Üzerine Bir Analiz

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