FDI - Employment Short-Run Dynamics in South Africa: VECM Approach

Long-Run and Short-Run Causality between Stock Price and Gold Price: Evidence of VECM Analysis from India

The prime objective of the study is to identify the long-run and short-run relationship between Indian stock price viz., BSE SENSEX (hereafter named as BSE) and gold price (GOLD) in India. The daily closing price data were collected for the period of ten years ranging from 1st April 2004 to 31st March 2014 with 2490 observations. The study employed two models: Model one us...

Coordination Failure and Employment in South Africa

South Africa simultaneously lost more than 890,000 jobs and increased the number of skilled workers from 1989 to 1999. We argue this is the consequence of well-documented acute apartheidera distortions which led to a current coordination failure where (i) firms are locked into a mostly skill-intensive technology where they have very little demand for semi-skilled and unskilled labor, and (ii) t...

Promoting Growth and Employment in South Africa

This study examines the pressing challenge of generating sustainable growth, job creation, and poverty reduction in South Africa, drawing extensively on research supported by the World Bank over the last few years. The underlying message is that the challenge facing South Africa will not be solved by one (or more) “quick fix” solutions, but instead demands concerted policy initiatives to improv...

Policies to Promote Growth and Employment in South Africa POLICIES TO PROMOTE GROWTH AND EMPLOYMENT IN SOUTH AFRICA

The findings, interpretations, and conclusions expressed in this paper are entirely those of the author(s). They do not necessarily represent the views of the World Bank Group, its Executive Directors, or the countries that they represent and should not be attributed to them. Foreword This study is published by the World Bank in its informal series of Discussion Papers on the South African Econ...

Short Run Dynamics in Cointegrated Systems