The impact of the 2014 platinum mining strike in South Africa : an economy-wide analysis

Bohlmann, Heinrich R.; Van Heerden, J.H. (Jan Horn), 1957-; Dixon, P.B.; Rimmer, M.T.

dc.contributor.author	Bohlmann, Heinrich R.
dc.contributor.author	Van Heerden, J.H. (Jan Horn), 1957-
dc.contributor.author	Dixon, P.B.
dc.contributor.author	Rimmer, M.T.
dc.date.accessioned	2015-11-02T09:55:53Z
dc.date.issued	2015-12
dc.description.abstract	In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted 5 months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were particularly severe, but our research shows that the strike could also have long lasting negative impacts on the South African economy as a whole. We find that it is not the higher nominal wages itself that caused the most damage, but the possible reaction by investors in the mining industry towards South Africa. Investor confidence is likely to be, at least, temporarily harmed, in which case it would take many years for the effects of the strike to disappear.We conduct our analysis using a dynamic CGE model of South Africa.	en_ZA
dc.description.embargo	2016-12-31
dc.description.librarian	hb2015	en_ZA
dc.description.uri	http://www.elsevier.com/locate/ecmod	en_ZA
dc.identifier.citation	Bohlmann, HR, Van Heerden, JH, Dixon, PB & Rimmer, MT 2015, 'The impact of the 2014 platinum mining strike in South Africa : an economy-wide analysis', Economic Modelling, vol. 51, pp. 403-411.	en_ZA
dc.identifier.issn	0264-9993 (print)
dc.identifier.issn	1873-6122 (online)
dc.identifier.other	10.1016/j.econmod.2015.08.010
dc.identifier.uri	http://hdl.handle.net/2263/50305
dc.language.iso	en	en_ZA
dc.publisher	Elsevier	en_ZA
dc.rights	© 2015 Elsevier B.V. All rights reserved. Notice : this is the author’s version of a work that was accepted for publication in Economic Modelling. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economic Modelling, vol. 51, pp. 403-411, 2015. doi :10.1016/j.econmod.2015.08.010.	en_ZA
dc.subject	Platinum mining strike	en_ZA
dc.subject	Computable general equilibrium (CGE)	en_ZA
dc.subject	Labour strike	en_ZA
dc.subject	South Africa's platinum industry	en_ZA
dc.subject	South African economy	en_ZA
dc.subject	University of Pretoria General Equilibrium Model (UPGEM)	en_ZA
dc.title	The impact of the 2014 platinum mining strike in South Africa : an economy-wide analysis	en_ZA
dc.type	Postprint Article	en_ZA