Economics, Econometrics and Finance
3 years ago

Inflation and unemployment hinder South Africa's economic growth, study finds.

Journal of Economics and International Finance
The economic impact of unemployment and inflation on output growth in South Africa
Leward Jeke, Zungwe Wanjuu Lazarus

Paper Summary

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Unemployment and inflation have negative effects on the economy in South Africa. This study looked at how these factors impact the country's output growth. The researchers used a model to analyze the relationship between unemployment rates, inflation, and real GDP from 1994 to 2019. They found that inflation reduces real GDP, while investing in human and physical capital boosts it. To tackle unemployment, it's important to improve the quality of physical capital and invest in human capital. Increasing real GDP leads to more investment and job creation.