Health capital and labour productivity in selected Southern African Development Community (SADC) Countries
- Authors: Mafunda, Lihle Andiswa
- Date: 2023-00
- Subjects: Masters of commerce
- Language: English
- Type: Masters theses , text
- Identifier: http://hdl.handle.net/11260/10116 , vital:74937
- Description: Health plays a critical role in economic development, as it directly affects productivity and ultimately leads to higher per capita income. Within the Southern African Development Community (SADC) countries, health capital has immense significance for labour productivity, serving as a catalyst for growth. This study investigated the relationship between health capital and labour productivity in selected SADC countries from 2000 to 2020, with the chosen period primarily based on data availability and coverage for the selected countries during this timeframe. To accomplish this, the study employed the panel autoregressive distributed lag (ARDL) models and techniques, which leverage the advantages of panel data and ARDL models, enabling the analysis of both short-run and long-run relationships, providing a comprehensive understanding of the dynamics between variables over time. The data for the study period was obtained from a single reliable source, The Global Economy, ensuring credibility. The primary finding from the pooled mean group (PMG) estimator indicates a positive and significant relationship between health capital and labour productivity in the short run, suggesting that investments in healthcare can boost productivity. However, contrary to the expected theory and prior assumptions, the long-run findings reveal a negative and significant relationship. This discrepancy highlights the complexity of the health-productivity relationship and necessitates further investigation to comprehend the underlying mechanisms and design effective policy interventions. Policymakers must carefully consider these mixed findings and tailor their strategies accordingly to promote both health and productivity in the long term. It is crucial to strike a balance between immediate gains and sustainable long-term outcomes. , Thesis (Masters) -- Faculty of Economics and Financial Sciences, 2023
- Full Text:
- Authors: Mafunda, Lihle Andiswa
- Date: 2023-00
- Subjects: Masters of commerce
- Language: English
- Type: Masters theses , text
- Identifier: http://hdl.handle.net/11260/10116 , vital:74937
- Description: Health plays a critical role in economic development, as it directly affects productivity and ultimately leads to higher per capita income. Within the Southern African Development Community (SADC) countries, health capital has immense significance for labour productivity, serving as a catalyst for growth. This study investigated the relationship between health capital and labour productivity in selected SADC countries from 2000 to 2020, with the chosen period primarily based on data availability and coverage for the selected countries during this timeframe. To accomplish this, the study employed the panel autoregressive distributed lag (ARDL) models and techniques, which leverage the advantages of panel data and ARDL models, enabling the analysis of both short-run and long-run relationships, providing a comprehensive understanding of the dynamics between variables over time. The data for the study period was obtained from a single reliable source, The Global Economy, ensuring credibility. The primary finding from the pooled mean group (PMG) estimator indicates a positive and significant relationship between health capital and labour productivity in the short run, suggesting that investments in healthcare can boost productivity. However, contrary to the expected theory and prior assumptions, the long-run findings reveal a negative and significant relationship. This discrepancy highlights the complexity of the health-productivity relationship and necessitates further investigation to comprehend the underlying mechanisms and design effective policy interventions. Policymakers must carefully consider these mixed findings and tailor their strategies accordingly to promote both health and productivity in the long term. It is crucial to strike a balance between immediate gains and sustainable long-term outcomes. , Thesis (Masters) -- Faculty of Economics and Financial Sciences, 2023
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Investigating the determinants of economics growth in South Africa
- Authors: Dudumashe, Nomsindisi
- Date: 2023-00
- Subjects: Economic growth determinants in South Africa
- Language: English
- Type: Masters theses , text
- Identifier: http://hdl.handle.net/11260/9986 , vital:74931
- Description: Economic growth is regarded as one of the prime macroeconomic objectives of any economy. The study aimed to investigate the determinants of economic growth in South Africa for the period 1994 to 2021 using yearly data obtained from World Bank and IMF. The analysis of all the variables has been provided to show the relationship that the variables have with economic growth in the South African economy. The independent variables used were capital stock, financial development, employment and inflation. In achieving this aim, an Autoregressive Distributive Lag (ARDL) was used since it examines both the short-term and the long-term dynamics of the determinants of economic growth. In addition, Granger causality was used to determine whether the explored variables were causally related to one another. In the long run, the results point out that financial development was significant at 5%, while capital stock and employment were significant at 10%. In the short run, all variables were significant at 1%. The study recommends employment stimulation, investment in capital stock and financial development in order to boost economic growth. , Thesis (Masters) -- Faculty of Economics and Financial Sciences, 2023
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- Authors: Dudumashe, Nomsindisi
- Date: 2023-00
- Subjects: Economic growth determinants in South Africa
- Language: English
- Type: Masters theses , text
- Identifier: http://hdl.handle.net/11260/9986 , vital:74931
- Description: Economic growth is regarded as one of the prime macroeconomic objectives of any economy. The study aimed to investigate the determinants of economic growth in South Africa for the period 1994 to 2021 using yearly data obtained from World Bank and IMF. The analysis of all the variables has been provided to show the relationship that the variables have with economic growth in the South African economy. The independent variables used were capital stock, financial development, employment and inflation. In achieving this aim, an Autoregressive Distributive Lag (ARDL) was used since it examines both the short-term and the long-term dynamics of the determinants of economic growth. In addition, Granger causality was used to determine whether the explored variables were causally related to one another. In the long run, the results point out that financial development was significant at 5%, while capital stock and employment were significant at 10%. In the short run, all variables were significant at 1%. The study recommends employment stimulation, investment in capital stock and financial development in order to boost economic growth. , Thesis (Masters) -- Faculty of Economics and Financial Sciences, 2023
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Load shedding and performance of small-scale resturants in Mthatha, South Africa
- Authors: Matangayi, Lelethu
- Date: 2023-00
- Subjects: Economics and commerce
- Language: English
- Type: Masters theses , text
- Identifier: http://hdl.handle.net/11260/10346 , vital:74969
- Description: Small businesses in South Africa are recognized for creating jobs and increasing economic growth. Ever since South Africa experienced load shedding in 2008, small businesses, especially those in the restaurant sector, have been hugely affected by load shedding as they heavily rely on electricity for most of their business operations. Load shedding results in a loss of sales and a decrease in productivity, which reduces their profitability and eventually, sustainability. The purpose of the study was to establish the extent to which load shedding affects the performance of small-scale restaurants in Mthatha, South Africa. A positivist research paradigm was adopted for the study, which was anchored on a quantitative approach using an explanatory research design. A fully structured self-administered questionnaire was sent to 53 small-scale restaurant owners or managers and 51 responded. Data analyzed using SmartPLS4 revealed that load shedding has a negative but insignificant impact on both the profitability and productivity of small-scale restaurants. Based on the results load shedding does not impact the performance of small-scale restaurants in Mthatha as both performance proxies showed a statistically insignificant impact. Looking at the current situation of electricity in South Africa, things are getting worse as it is common for Mthatha people to go the entire day without electricity. This study helps in identifying the extent of the effects load shedding has on small-scale restaurants. This study adds to the findings of prior research on the effects of load shedding on the performance of small-scale restaurants and the study contributed to the body of iii knowledge on the effects of load shedding on the performance of small-scale restaurants and mitigates on existing literature gap where the populace is not aware of the extent to which load shedding has affected the performance of small-scale restaurants. , Faculty of Economics and Financial Sciences, 2023
- Full Text:
- Authors: Matangayi, Lelethu
- Date: 2023-00
- Subjects: Economics and commerce
- Language: English
- Type: Masters theses , text
- Identifier: http://hdl.handle.net/11260/10346 , vital:74969
- Description: Small businesses in South Africa are recognized for creating jobs and increasing economic growth. Ever since South Africa experienced load shedding in 2008, small businesses, especially those in the restaurant sector, have been hugely affected by load shedding as they heavily rely on electricity for most of their business operations. Load shedding results in a loss of sales and a decrease in productivity, which reduces their profitability and eventually, sustainability. The purpose of the study was to establish the extent to which load shedding affects the performance of small-scale restaurants in Mthatha, South Africa. A positivist research paradigm was adopted for the study, which was anchored on a quantitative approach using an explanatory research design. A fully structured self-administered questionnaire was sent to 53 small-scale restaurant owners or managers and 51 responded. Data analyzed using SmartPLS4 revealed that load shedding has a negative but insignificant impact on both the profitability and productivity of small-scale restaurants. Based on the results load shedding does not impact the performance of small-scale restaurants in Mthatha as both performance proxies showed a statistically insignificant impact. Looking at the current situation of electricity in South Africa, things are getting worse as it is common for Mthatha people to go the entire day without electricity. This study helps in identifying the extent of the effects load shedding has on small-scale restaurants. This study adds to the findings of prior research on the effects of load shedding on the performance of small-scale restaurants and the study contributed to the body of iii knowledge on the effects of load shedding on the performance of small-scale restaurants and mitigates on existing literature gap where the populace is not aware of the extent to which load shedding has affected the performance of small-scale restaurants. , Faculty of Economics and Financial Sciences, 2023
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Natural resource rents and public debt in selected resource in rich Sub-Saharan AfricanCountries
- Authors: Chizengeya, Elisha
- Date: 2023-00
- Subjects: Rents and Public debt
- Language: English
- Type: Masters theses , text
- Identifier: http://hdl.handle.net/11260/9970 , vital:74930
- Description: Many Sub-Saharan African countries are endowed with natural resources and yet their public debts are keeping on ballooning. The skyrocketing of these debts can cause a public debt crisis which can further bite on the poor who are already living miserable lives in resource-rich countries. This study examines the impact of natural resource rents on public debt in Sub-Saharan African (SSA) countries from 2000 to 2020, utilising the panel ARDL technique. The main objective of this research work was to investigate the relationship between natural resource rents and public debt in selected resource-rich Sub-Saharan African countries. The panel ARDL technique employed in this study strengthens the analysis by considering both short-run and long-run dynamics. In the short run, a significant and negative relationship is observed between natural resource rents and public debt, aligning with the theoretical expectations of resource-rich economies benefiting from increased revenues. However, in the long run, a contrasting pattern emerges, indicating that natural resource rents contribute to an increase in public debt, highlighting the challenges associated with the resource curse phenomenon. The empirical analysis reveals noteworthy findings with implications for theory, practice, and policy. The findings underscore the need for careful fiscal management and prudent policies in resource-rich countries to avoid excessive debt accumulation over the long term. This highlights the importance of implementing effective governance mechanisms, transparency, and accountability frameworks to manage natural resource revenues responsibly. In conclusion, this study contributes to the understanding of the relationship between natural resource rents and public debt in SSA countries. It emphasizes the importance of balancing short-term fiscal benefits with long-term sustainability and provides valuable insights for policymakers to design and implement effective resource management strategies. , Thesis (Masters) -- Faculty of Economics and Financial Sciences, 2023
- Full Text:
- Authors: Chizengeya, Elisha
- Date: 2023-00
- Subjects: Rents and Public debt
- Language: English
- Type: Masters theses , text
- Identifier: http://hdl.handle.net/11260/9970 , vital:74930
- Description: Many Sub-Saharan African countries are endowed with natural resources and yet their public debts are keeping on ballooning. The skyrocketing of these debts can cause a public debt crisis which can further bite on the poor who are already living miserable lives in resource-rich countries. This study examines the impact of natural resource rents on public debt in Sub-Saharan African (SSA) countries from 2000 to 2020, utilising the panel ARDL technique. The main objective of this research work was to investigate the relationship between natural resource rents and public debt in selected resource-rich Sub-Saharan African countries. The panel ARDL technique employed in this study strengthens the analysis by considering both short-run and long-run dynamics. In the short run, a significant and negative relationship is observed between natural resource rents and public debt, aligning with the theoretical expectations of resource-rich economies benefiting from increased revenues. However, in the long run, a contrasting pattern emerges, indicating that natural resource rents contribute to an increase in public debt, highlighting the challenges associated with the resource curse phenomenon. The empirical analysis reveals noteworthy findings with implications for theory, practice, and policy. The findings underscore the need for careful fiscal management and prudent policies in resource-rich countries to avoid excessive debt accumulation over the long term. This highlights the importance of implementing effective governance mechanisms, transparency, and accountability frameworks to manage natural resource revenues responsibly. In conclusion, this study contributes to the understanding of the relationship between natural resource rents and public debt in SSA countries. It emphasizes the importance of balancing short-term fiscal benefits with long-term sustainability and provides valuable insights for policymakers to design and implement effective resource management strategies. , Thesis (Masters) -- Faculty of Economics and Financial Sciences, 2023
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The nexus between oil prices, exchange rate and foreeign direct investment in South Africa
- Authors: Mapanzure, Rufaro
- Date: 2023-00
- Subjects: Direct Marketing
- Language: English
- Type: Masters theses , text
- Identifier: http://hdl.handle.net/11260/10126 , vital:74939
- Description: The 2000 to 2020 relationship between oil prices, exchange rates, and foreign direct investment (FDI) in South Africa presents a fascinating case in the global economics. Noteworthy is that this period is marked by some important geopolitical events, technological advancements, and economic shifts that provide a rich ground for analyzing how these three critical factors interact in an emerging country. South Africa, with its unique economic and political landscape, offers an exemplary context for exploring the dynamics of these variables and their collective impact on the nation's economic health and growth. This study conducted an empirical analysis to investigate the association of oil prices, exchange rates, and foreign direct investment (FDI) in South Africa from 2000 to 2020. The research applied the autoregressive distributed lag bounds technique (ARDL) after initial unit root tests indicated different orders of integration (1(0) and 1(1)) for the variables. The results align with the risk aversion theory, revealing a significant and negative relationship between exchange rates and foreign direct investment in the long-term. Conversely, the interaction term EXCH_OIL, interest rates, and inflation demonstrated a significant and positive relationship with foreign direct investment in both the short-run and the long-run. The Granger causality test identified a unidirectional causality from foreign direct investment to exchange rates. This study recommends implementing policies aimed at stabilizing oil prices and exchange rates to entice foreign investment into South Africa. , Thesis (Masters) -- Faculty of Economic and Financial Sciences, 2023
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- Authors: Mapanzure, Rufaro
- Date: 2023-00
- Subjects: Direct Marketing
- Language: English
- Type: Masters theses , text
- Identifier: http://hdl.handle.net/11260/10126 , vital:74939
- Description: The 2000 to 2020 relationship between oil prices, exchange rates, and foreign direct investment (FDI) in South Africa presents a fascinating case in the global economics. Noteworthy is that this period is marked by some important geopolitical events, technological advancements, and economic shifts that provide a rich ground for analyzing how these three critical factors interact in an emerging country. South Africa, with its unique economic and political landscape, offers an exemplary context for exploring the dynamics of these variables and their collective impact on the nation's economic health and growth. This study conducted an empirical analysis to investigate the association of oil prices, exchange rates, and foreign direct investment (FDI) in South Africa from 2000 to 2020. The research applied the autoregressive distributed lag bounds technique (ARDL) after initial unit root tests indicated different orders of integration (1(0) and 1(1)) for the variables. The results align with the risk aversion theory, revealing a significant and negative relationship between exchange rates and foreign direct investment in the long-term. Conversely, the interaction term EXCH_OIL, interest rates, and inflation demonstrated a significant and positive relationship with foreign direct investment in both the short-run and the long-run. The Granger causality test identified a unidirectional causality from foreign direct investment to exchange rates. This study recommends implementing policies aimed at stabilizing oil prices and exchange rates to entice foreign investment into South Africa. , Thesis (Masters) -- Faculty of Economic and Financial Sciences, 2023
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The relationship between financial inclusion and economic well being in South Africa
- Authors: Genukile, Lwazi
- Date: 2023-00
- Subjects: Commerce in economics
- Language: English
- Type: Masters theses , text
- Identifier: http://hdl.handle.net/11260/10053 , vital:74934
- Description: Financial inclusion has been regarded as a solution to the problem of poor economic well-being by providing quality access to financial services. It also contributes to resource and income distribution and boosts consumption and investment, which lead to an overall stimulation in economic well-being. The aim of the study was to examine the relationship between financial inclusion and economic well-being in South Africa. To achieve this, the study examined the long-run and short-run relationships between financial inclusion and economic well-being in South Africa using quarterly time-series data from 1992 to 2020. The data was obtained from World Bank economic indicators and a SARB statistics enquiry. The study used the Autoregressive Distributed lag bound test and the Error Correction Model to examine the long-run and short-run relationships of the variables. The Granger causality test was conducted to identify the directional causality amongst the variables. The variables used in this study were GDP per capita (GDPPC) as a measure of economic well-being, which is the dependent variable, whereas bank account holders, access to credit, and insurance were used as major explanatory variables. The study discovered that in the long-run, bank account holders and access to credit have a positive significant relationship with GDP per capita, whilst inflation rate indicated a negative relationship with GDP per capita. However, in the short-run results, the study revealed that insurance and inflation rate have a positive relationship with GDP per capita, whereas access to credit presented a negative relationship with GDP per capita. The Granger causality test only indicated a bi-directional causality between inflation rate and GDP per capita. A diagnostic test was conducted in the model and the results revealed that all instruments used in the model are valid and reliable. Based on these findings, the existence of a positive relationship between financial inclusion and economic well-being can be confirmed, hence validating the hypothesis in South Africa. This study recommends that government and policy-makers should focus more on accelerating the expansion of access to credit and insurance at lower transactional costs and management fees, especially for the poor and most vulnerable population in the country. Furthermore, the access to credit, insurance and economic well-being relationship should take place in an inflation framework-sensitive environment. , Thesis (Masters) -- Faculty of Economics and Financial Sciences, 2023
- Full Text:
- Authors: Genukile, Lwazi
- Date: 2023-00
- Subjects: Commerce in economics
- Language: English
- Type: Masters theses , text
- Identifier: http://hdl.handle.net/11260/10053 , vital:74934
- Description: Financial inclusion has been regarded as a solution to the problem of poor economic well-being by providing quality access to financial services. It also contributes to resource and income distribution and boosts consumption and investment, which lead to an overall stimulation in economic well-being. The aim of the study was to examine the relationship between financial inclusion and economic well-being in South Africa. To achieve this, the study examined the long-run and short-run relationships between financial inclusion and economic well-being in South Africa using quarterly time-series data from 1992 to 2020. The data was obtained from World Bank economic indicators and a SARB statistics enquiry. The study used the Autoregressive Distributed lag bound test and the Error Correction Model to examine the long-run and short-run relationships of the variables. The Granger causality test was conducted to identify the directional causality amongst the variables. The variables used in this study were GDP per capita (GDPPC) as a measure of economic well-being, which is the dependent variable, whereas bank account holders, access to credit, and insurance were used as major explanatory variables. The study discovered that in the long-run, bank account holders and access to credit have a positive significant relationship with GDP per capita, whilst inflation rate indicated a negative relationship with GDP per capita. However, in the short-run results, the study revealed that insurance and inflation rate have a positive relationship with GDP per capita, whereas access to credit presented a negative relationship with GDP per capita. The Granger causality test only indicated a bi-directional causality between inflation rate and GDP per capita. A diagnostic test was conducted in the model and the results revealed that all instruments used in the model are valid and reliable. Based on these findings, the existence of a positive relationship between financial inclusion and economic well-being can be confirmed, hence validating the hypothesis in South Africa. This study recommends that government and policy-makers should focus more on accelerating the expansion of access to credit and insurance at lower transactional costs and management fees, especially for the poor and most vulnerable population in the country. Furthermore, the access to credit, insurance and economic well-being relationship should take place in an inflation framework-sensitive environment. , Thesis (Masters) -- Faculty of Economics and Financial Sciences, 2023
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