The influence of the real business cycle shocks on aggregate demand in South Africa
- Authors: Mesatywa, Msa Pumelela
- Date: 2019
- Subjects: Business cycles -- South Africa , Economic indicators -- South Africa Macroeconomics
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/42407 , vital:36653
- Description: The aim of this study is to investigate the influence of the real business cycle shocks on aggregate demand in South Africa. These shocks consist of government expenditure, oil prices, technology (proxied by research and development), labour productivity, and droughts. The theoretical framework is presented consisting of the literature review and empirical review. The Neo-classical, Keynesian and Structuralist theories are explained in the literature review. Furthermore, the empirical section consists of previous studies from developed and developing countries, and as well as studies conducted in South Africa based on the topic of this study. The Non-Linear Autoregressive Distributed Lag (NARDL) model approach was used to find the influence between economic growth, government expenditures, oil prices, technology shock (proxy research and development), labour productivity and droughts in South Africae using quarterly data from 1995 to 2017. The Hodrick-Prescott (HP) filter was used to extract the shocks and to test their influence on economic growth. The NARDL technique uses a single reduced form of equation to examine the long run relationship of the variables as opposed to other models. The NARDL technique is also suitable to use to test co-integration and does not require the underlying variables to be integrated of similar order. The results from the NARDL bounds test showed that there is a long run relationship for government expenditure, oil prices, technology, labour productivity and droughts. Furthermore, the labour productivity shock tends out to be the larger shock affecting South Africa’s economy. This study will provide policy recommendations on how to improve and increase labour productivity in South Africa.
- Full Text:
- Date Issued: 2019
- Authors: Mesatywa, Msa Pumelela
- Date: 2019
- Subjects: Business cycles -- South Africa , Economic indicators -- South Africa Macroeconomics
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/42407 , vital:36653
- Description: The aim of this study is to investigate the influence of the real business cycle shocks on aggregate demand in South Africa. These shocks consist of government expenditure, oil prices, technology (proxied by research and development), labour productivity, and droughts. The theoretical framework is presented consisting of the literature review and empirical review. The Neo-classical, Keynesian and Structuralist theories are explained in the literature review. Furthermore, the empirical section consists of previous studies from developed and developing countries, and as well as studies conducted in South Africa based on the topic of this study. The Non-Linear Autoregressive Distributed Lag (NARDL) model approach was used to find the influence between economic growth, government expenditures, oil prices, technology shock (proxy research and development), labour productivity and droughts in South Africae using quarterly data from 1995 to 2017. The Hodrick-Prescott (HP) filter was used to extract the shocks and to test their influence on economic growth. The NARDL technique uses a single reduced form of equation to examine the long run relationship of the variables as opposed to other models. The NARDL technique is also suitable to use to test co-integration and does not require the underlying variables to be integrated of similar order. The results from the NARDL bounds test showed that there is a long run relationship for government expenditure, oil prices, technology, labour productivity and droughts. Furthermore, the labour productivity shock tends out to be the larger shock affecting South Africa’s economy. This study will provide policy recommendations on how to improve and increase labour productivity in South Africa.
- Full Text:
- Date Issued: 2019
The use of the performance management system as management tool to accelerate service delivery in municipalities, case study Amathole District Municipality Eastern Cape
- Authors: Nako, Mkhululi
- Date: 2019
- Subjects: Performance -- Management Public administration Local government
- Language: English
- Type: Thesis , Masters , MPA
- Identifier: http://hdl.handle.net/10353/13824 , vital:39715
- Description: In the recent years have been several public protests in our communities which was a result of slow pace in the provision of services by the municipalities in the district which has led to the use of the performance management system in order to accelerate the service delivery. The study focused on the usage of the system like performance management to accelerate service delivery in Amatole District Municipality (ADM) in the Eastern Cape Province. There is limited research regarding the usage of the system like performance management to accelerate service delivery in Amatole District Municipality. Mixed research methodology was used. The sample (n=10) comprised of individual involved in performance management systems. Data was collected through the questionnaire method and both qualitative and quantitative methods were used for data analysis. The study results show that while the performance management systems are being practiced at the municipality it is not done effectively and efficiently. In addition, not all municipal employees had the necessary knowledge and expertise to implement PMS. It can also be noted that every respondent in the study agreed that performance management systems do accelerate service delivery if done efficiently. The study recommends that local government should not only focus on their plans on dealing with backlogs but also on the rapid development taking place and the performance management system framework should cater for individual performance.
- Full Text:
- Date Issued: 2019
- Authors: Nako, Mkhululi
- Date: 2019
- Subjects: Performance -- Management Public administration Local government
- Language: English
- Type: Thesis , Masters , MPA
- Identifier: http://hdl.handle.net/10353/13824 , vital:39715
- Description: In the recent years have been several public protests in our communities which was a result of slow pace in the provision of services by the municipalities in the district which has led to the use of the performance management system in order to accelerate the service delivery. The study focused on the usage of the system like performance management to accelerate service delivery in Amatole District Municipality (ADM) in the Eastern Cape Province. There is limited research regarding the usage of the system like performance management to accelerate service delivery in Amatole District Municipality. Mixed research methodology was used. The sample (n=10) comprised of individual involved in performance management systems. Data was collected through the questionnaire method and both qualitative and quantitative methods were used for data analysis. The study results show that while the performance management systems are being practiced at the municipality it is not done effectively and efficiently. In addition, not all municipal employees had the necessary knowledge and expertise to implement PMS. It can also be noted that every respondent in the study agreed that performance management systems do accelerate service delivery if done efficiently. The study recommends that local government should not only focus on their plans on dealing with backlogs but also on the rapid development taking place and the performance management system framework should cater for individual performance.
- Full Text:
- Date Issued: 2019
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