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The effect of economic growth volatility on income and wealth inequality in South Africa
This study uses a vector error correction model with impulse response, variance decomposition, and block Granger causality analysis over the period 1975-2018 to identify the effect of economic growth volatility on income inequality and wealth inequality in South Africa, and to determine whether this...
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| Format: | Thesis |
| Language: | English English |
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Graduate School of Business (GSB)
2025
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| _version_ | 1867613652554612736 |
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| access_status_str | Open Access |
| author | Smith, Aarin J |
| author2 | Gossel, Sean J |
| author_browse | Gossel, Sean J Smith, Aarin J |
| author_facet | Gossel, Sean J Smith, Aarin J |
| author_sort | Smith, Aarin J |
| collection | Thesis |
| description | This study uses a vector error correction model with impulse response, variance decomposition, and block Granger causality analysis over the period 1975-2018 to identify the effect of economic growth volatility on income inequality and wealth inequality in South Africa, and to determine whether this effect is more significant for income inequality or wealth inequality. The results show that economic growth volatility leads to long-term increases in both income inequality and wealth inequality with wealth inequality equalising at a higher level than income inequality. In addition, economic growth volatility is found to affect income inequality in the short- and medium-term and wealth inequality in the long-run. Furthermore, economic growth volatility is found to unidirectionally drive income inequality while population growth has a bidirectional causal association with income inequality. None of the factors are found to significantly drive wealth inequality but wealth inequality is found to drive population growth |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/41350 |
| institution | University of Cape Town (South Africa) |
| language | English eng |
| last_indexed | 2026-06-10T12:39:33.411Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | Graduate School of Business (GSB) |
| publisherStr | Graduate School of Business (GSB) |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/41350 The effect of economic growth volatility on income and wealth inequality in South Africa Smith, Aarin J Gossel, Sean J vector error correction model income inequality block Granger causality analysis This study uses a vector error correction model with impulse response, variance decomposition, and block Granger causality analysis over the period 1975-2018 to identify the effect of economic growth volatility on income inequality and wealth inequality in South Africa, and to determine whether this effect is more significant for income inequality or wealth inequality. The results show that economic growth volatility leads to long-term increases in both income inequality and wealth inequality with wealth inequality equalising at a higher level than income inequality. In addition, economic growth volatility is found to affect income inequality in the short- and medium-term and wealth inequality in the long-run. Furthermore, economic growth volatility is found to unidirectionally drive income inequality while population growth has a bidirectional causal association with income inequality. None of the factors are found to significantly drive wealth inequality but wealth inequality is found to drive population growth 2025-04-03T12:46:55Z 2025-04-03T12:46:55Z 2024 2025-04-03T12:27:15Z Thesis / Dissertation Masters MBA http://hdl.handle.net/11427/41350 en eng application/pdf Graduate School of Business (GSB) Faculty of Commerce University of Cape Town |
| spellingShingle | vector error correction model income inequality block Granger causality analysis Smith, Aarin J The effect of economic growth volatility on income and wealth inequality in South Africa |
| thesis_degree_str | Master's |
| title | The effect of economic growth volatility on income and wealth inequality in South Africa |
| title_full | The effect of economic growth volatility on income and wealth inequality in South Africa |
| title_fullStr | The effect of economic growth volatility on income and wealth inequality in South Africa |
| title_full_unstemmed | The effect of economic growth volatility on income and wealth inequality in South Africa |
| title_short | The effect of economic growth volatility on income and wealth inequality in South Africa |
| title_sort | effect of economic growth volatility on income and wealth inequality in south africa |
| topic | vector error correction model income inequality block Granger causality analysis |
| url | http://hdl.handle.net/11427/41350 |
| work_keys_str_mv | AT smithaarinj theeffectofeconomicgrowthvolatilityonincomeandwealthinequalityinsouthafrica AT smithaarinj effectofeconomicgrowthvolatilityonincomeandwealthinequalityinsouthafrica |