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Long run determination of inflation in South Africa
Includes bibliographical references (leaves 23-25).
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
School of Economics
2014
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| _version_ | 1867613965932036096 |
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| access_status_str | Open Access |
| author | Scordilis, Steven |
| author2 | Fedderke, Johannes |
| author_browse | Fedderke, Johannes Scordilis, Steven |
| author_facet | Fedderke, Johannes Scordilis, Steven |
| author_sort | Scordilis, Steven |
| collection | Thesis |
| description | Includes bibliographical references (leaves 23-25). |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/5697 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:44:32.271Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | School of Economics |
| publisherStr | School of Economics |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/5697 Long run determination of inflation in South Africa Scordilis, Steven Fedderke, Johannes Economics Includes bibliographical references (leaves 23-25). This paper employs multivariate estimation techniques in an expectations augmented Phillips curve framework to investigate long run determinants of inflation. By separating unit labour costs in nominal wages and labour productivity in an extension of the work by Fedderke and Schaling (2005), the labour productivity effect is shown to impact prices negatively and nominal wages positively. In addition, the implicit assumption of nominal wages and labour productivity moving in a one-for one fashion made in using unit labour costs is a poor one. The paper makes a further contribution by comparing mark-ups of the non-agricultural sectors to the manufacturing sector and evidence of a reduced mark-up in the non-agricultural sectors is apparent. 2014-07-31T12:21:54Z 2014-07-31T12:21:54Z 2008 Master Thesis Masters MCom http://hdl.handle.net/11427/5697 eng application/pdf School of Economics Faculty of Commerce University of Cape Town |
| spellingShingle | Economics Scordilis, Steven Long run determination of inflation in South Africa |
| thesis_degree_str | Master's |
| title | Long run determination of inflation in South Africa |
| title_full | Long run determination of inflation in South Africa |
| title_fullStr | Long run determination of inflation in South Africa |
| title_full_unstemmed | Long run determination of inflation in South Africa |
| title_short | Long run determination of inflation in South Africa |
| title_sort | long run determination of inflation in south africa |
| topic | Economics |
| url | http://hdl.handle.net/11427/5697 |
| work_keys_str_mv | AT scordilissteven longrundeterminationofinflationinsouthafrica |