The effect of economic growth volatility on income and wealth inequality in South Africa

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dc.contributor.advisorGossel, Sean J
dc.contributor.authorSmith, Aarin J
dc.date.accessioned2025-04-03T12:46:55Z
dc.date.available2025-04-03T12:46:55Z
dc.date.issued2024
dc.date.updated2025-04-03T12:27:15Z
dc.description.abstractThis 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
dc.identifier.apacitationSmith, A. J. (2024). <i>The effect of economic growth volatility on income and wealth inequality in South Africa</i>. (). University of Cape Town ,Faculty of Commerce ,Graduate School of Business (GSB). Retrieved from http://hdl.handle.net/11427/41350en_ZA
dc.identifier.chicagocitationSmith, Aarin J. <i>"The effect of economic growth volatility on income and wealth inequality in South Africa."</i> ., University of Cape Town ,Faculty of Commerce ,Graduate School of Business (GSB), 2024. http://hdl.handle.net/11427/41350en_ZA
dc.identifier.citationSmith, A.J. 2024. The effect of economic growth volatility on income and wealth inequality in South Africa. . University of Cape Town ,Faculty of Commerce ,Graduate School of Business (GSB). http://hdl.handle.net/11427/41350en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Smith, Aarin J AB - 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 DA - 2024 DB - OpenUCT DP - University of Cape Town KW - vector error correction model KW - income inequality KW - block Granger causality analysis LK - https://open.uct.ac.za PB - University of Cape Town PY - 2024 T1 - The effect of economic growth volatility on income and wealth inequality in South Africa TI - The effect of economic growth volatility on income and wealth inequality in South Africa UR - http://hdl.handle.net/11427/41350 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/41350
dc.identifier.vancouvercitationSmith AJ. The effect of economic growth volatility on income and wealth inequality in South Africa. []. University of Cape Town ,Faculty of Commerce ,Graduate School of Business (GSB), 2024 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/41350en_ZA
dc.language.isoen
dc.language.rfc3066eng
dc.publisher.departmentGraduate School of Business (GSB)
dc.publisher.facultyFaculty of Commerce
dc.publisher.institutionUniversity of Cape Town
dc.subjectvector error correction model
dc.subjectincome inequality
dc.subjectblock Granger causality analysis
dc.titleThe effect of economic growth volatility on income and wealth inequality in South Africa
dc.typeThesis / Dissertation
dc.type.qualificationlevelMasters
dc.type.qualificationlevelMBA
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