Business cycle synchronization in SACU countries: a wavelet coherence analysis
- Authors: Khoza, Sithobile X
- Date: 2022-12
- Subjects: Economic cycles , Synchronization -- (SACU) Countries
- Language: English
- Type: Master's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60221 , vital:63844
- Description: The discussion on the viability of the Southern African Customs Union (SACU) as a monetary union has been ongoing for years. SACU is the oldest Customs Union in history, formed in 1910. Employing the Optimum Currency Areas (OCA) theory, the study examined SACU’s readiness for a single currency. There are several technical requirements needed to form an OCA, however, one of the most vital of these with regards to a country’s suitability to enter a currency union is Business Cycle Synchronization. Therefore, SACU’s readiness was tested by establishing Business Cycle synchronization between the 5 member states. Although Business Cycles Synchronization have not been proven, SACU countries have moved towards a complete monetary union because of increasing macroeconomic convergence. Our study using Wavelet analysis sets out to establish if there is a synchronization of Business cycles with SACU members. Cyclical components were isolated, from the real GDP growth rate of each country from 1981 to 2020, using the Hodrick-Prescott filter (HP), Band-Pass filter (BP), and the Christiano-Fitzgerald Filter (CF). In the 2 by 2 analysis, our wavelet coherence showed that SACU countries are synchronized with each other, while South Africa displayed its dominance in the union by showing significant synchronization with all the members of the union both in the short and long run. The Vector wavelet analysis results concluded that, as a group, SACU shows much higher degrees of synchronization. The group synchronization is statistically significant throughout the period of study. Furthermore, there is an indication of consistent synchronization, in the long and short run. Overall, the results of our study conclude that there is synchronization in the SACU countries. Therefore, SACU counties can form an OCA as they meet the desirably requirements. , Thesis (MCom) -- Faculty of Business and Economic Sciences, 2022
- Full Text:
- Date Issued: 2022-12
- Authors: Khoza, Sithobile X
- Date: 2022-12
- Subjects: Economic cycles , Synchronization -- (SACU) Countries
- Language: English
- Type: Master's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60221 , vital:63844
- Description: The discussion on the viability of the Southern African Customs Union (SACU) as a monetary union has been ongoing for years. SACU is the oldest Customs Union in history, formed in 1910. Employing the Optimum Currency Areas (OCA) theory, the study examined SACU’s readiness for a single currency. There are several technical requirements needed to form an OCA, however, one of the most vital of these with regards to a country’s suitability to enter a currency union is Business Cycle Synchronization. Therefore, SACU’s readiness was tested by establishing Business Cycle synchronization between the 5 member states. Although Business Cycles Synchronization have not been proven, SACU countries have moved towards a complete monetary union because of increasing macroeconomic convergence. Our study using Wavelet analysis sets out to establish if there is a synchronization of Business cycles with SACU members. Cyclical components were isolated, from the real GDP growth rate of each country from 1981 to 2020, using the Hodrick-Prescott filter (HP), Band-Pass filter (BP), and the Christiano-Fitzgerald Filter (CF). In the 2 by 2 analysis, our wavelet coherence showed that SACU countries are synchronized with each other, while South Africa displayed its dominance in the union by showing significant synchronization with all the members of the union both in the short and long run. The Vector wavelet analysis results concluded that, as a group, SACU shows much higher degrees of synchronization. The group synchronization is statistically significant throughout the period of study. Furthermore, there is an indication of consistent synchronization, in the long and short run. Overall, the results of our study conclude that there is synchronization in the SACU countries. Therefore, SACU counties can form an OCA as they meet the desirably requirements. , Thesis (MCom) -- Faculty of Business and Economic Sciences, 2022
- Full Text:
- Date Issued: 2022-12
The factors influencing professional commitment and job performance of pharmacists in the Nelson Mandela Bay within the Covid-19 environment
- Authors: Sayster, Gary
- Date: 2022-12
- Subjects: Professional ethics , Pharmacists (Nelson Mandela Bay) , COVID-19 (Disease)
- Language: English
- Type: Master's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60232 , vital:63986
- Description: Job performance and professional commitment are potent drivers of organisational efficiency and overall organisational prosperity, respectively. The severe lack in research regarding these constructs in relation to the pharmaceutical industry or to pharmacists specifically, provided the prime opportunity for the present research to fill this gap. The aim of the present research was therefore to determine the factors influencing professional commitment and job performance in pharmacists in Nelson Mandela Bay, given the Covid-119 environment. A quantitative research approach was adopted for the present study and involved the distribution of a likert—scale questionnaire measuring the dependent variables – professional commitment and job performance and the independent variables – work stress, job commitment, self-esteem and emotional intelligence. A total of 142 surveys were analysed, signalling a response rate of 94.6 67 %. The key findings of the statical analysis show that work stress is negatively related to affective professional commitment and job performance. Job commitment was positively related to job performance and affective professional commitment and self-esteem have a directly positive effect on affective professional commitment. Social skills and self-motivation (as components of emotional intelligence) had a positive relationship with job performance and professional commitment, respectively. Based on these findings, several managerial implications and recommendations were offered. , Thesis (MBA) -- Faculty of Business and Economic Sciences, 2022
- Full Text:
- Date Issued: 2022-12
- Authors: Sayster, Gary
- Date: 2022-12
- Subjects: Professional ethics , Pharmacists (Nelson Mandela Bay) , COVID-19 (Disease)
- Language: English
- Type: Master's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60232 , vital:63986
- Description: Job performance and professional commitment are potent drivers of organisational efficiency and overall organisational prosperity, respectively. The severe lack in research regarding these constructs in relation to the pharmaceutical industry or to pharmacists specifically, provided the prime opportunity for the present research to fill this gap. The aim of the present research was therefore to determine the factors influencing professional commitment and job performance in pharmacists in Nelson Mandela Bay, given the Covid-119 environment. A quantitative research approach was adopted for the present study and involved the distribution of a likert—scale questionnaire measuring the dependent variables – professional commitment and job performance and the independent variables – work stress, job commitment, self-esteem and emotional intelligence. A total of 142 surveys were analysed, signalling a response rate of 94.6 67 %. The key findings of the statical analysis show that work stress is negatively related to affective professional commitment and job performance. Job commitment was positively related to job performance and affective professional commitment and self-esteem have a directly positive effect on affective professional commitment. Social skills and self-motivation (as components of emotional intelligence) had a positive relationship with job performance and professional commitment, respectively. Based on these findings, several managerial implications and recommendations were offered. , Thesis (MBA) -- Faculty of Business and Economic Sciences, 2022
- Full Text:
- Date Issued: 2022-12
Understanding of business strategy at different levels of the organisation
- Authors: Ncuthushe, Mboneleli
- Date: 2022-12
- Subjects: Business planning , Organisation
- Language: English
- Type: Master's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60122 , vital:63097
- Description: The purpose of this study was to investigate the factors that affect understanding of business strategy at different levels of the organisation. The investigation was done by looking at relationship between the business strategy (as a dependant variable) and the organisational structure, the employee level or position, skills, experience and education (as independent variables). These factors were investigated through the analysis of literature and empirical study. The results of this analysis were recorded through the last two chapters (chapter four and five). As in most organisations, there is sometimes different interpretations of business strategy by employees at different levels (or sometimes across) of the organisational structure. This study does not just seek to add value in the literature but also to equip managers tasked with enrolling out business strategies. The basis of the study emanates from corporate failures associated with the business strategies and the failure of implementation and this is discussed further in chapter one with reference to specific sources. The empirical study that was conducted attracted a good response, as there was more than 100 percent response rate, through the use of latest technology and social media. The main conclusions, managerial implications and theoretical framework that came through from the study, are clearly stated in the last chapter, chapter five and can help managers that formulate or implement to business strategies, to ensure that there is great understanding within their workplaces. , Thesis (MBA) -- Faculty of Business and Economic Sciences, Business School, 2022
- Full Text:
- Date Issued: 2022-12
- Authors: Ncuthushe, Mboneleli
- Date: 2022-12
- Subjects: Business planning , Organisation
- Language: English
- Type: Master's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60122 , vital:63097
- Description: The purpose of this study was to investigate the factors that affect understanding of business strategy at different levels of the organisation. The investigation was done by looking at relationship between the business strategy (as a dependant variable) and the organisational structure, the employee level or position, skills, experience and education (as independent variables). These factors were investigated through the analysis of literature and empirical study. The results of this analysis were recorded through the last two chapters (chapter four and five). As in most organisations, there is sometimes different interpretations of business strategy by employees at different levels (or sometimes across) of the organisational structure. This study does not just seek to add value in the literature but also to equip managers tasked with enrolling out business strategies. The basis of the study emanates from corporate failures associated with the business strategies and the failure of implementation and this is discussed further in chapter one with reference to specific sources. The empirical study that was conducted attracted a good response, as there was more than 100 percent response rate, through the use of latest technology and social media. The main conclusions, managerial implications and theoretical framework that came through from the study, are clearly stated in the last chapter, chapter five and can help managers that formulate or implement to business strategies, to ensure that there is great understanding within their workplaces. , Thesis (MBA) -- Faculty of Business and Economic Sciences, Business School, 2022
- Full Text:
- Date Issued: 2022-12
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