Long run determination of inflation in South Africa

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dc.contributor.advisorFedderke, Johannesen_ZA
dc.contributor.authorScordilis, Stevenen_ZA
dc.date.accessioned2014-07-31T12:21:54Z
dc.date.available2014-07-31T12:21:54Z
dc.date.issued2008en_ZA
dc.descriptionIncludes bibliographical references (leaves 23-25).
dc.description.abstractThis 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.en_ZA
dc.identifier.apacitationScordilis, S. (2008). <i>Long run determination of inflation in South Africa</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/5697en_ZA
dc.identifier.chicagocitationScordilis, Steven. <i>"Long run determination of inflation in South Africa."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 2008. http://hdl.handle.net/11427/5697en_ZA
dc.identifier.citationScordilis, S. 2008. Long run determination of inflation in South Africa. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Scordilis, Steven AB - 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. DA - 2008 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2008 T1 - Long run determination of inflation in South Africa TI - Long run determination of inflation in South Africa UR - http://hdl.handle.net/11427/5697 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/5697
dc.identifier.vancouvercitationScordilis S. Long run determination of inflation in South Africa. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 2008 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/5697en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomicsen_ZA
dc.titleLong run determination of inflation in South Africaen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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