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

Show simple item record Bohlmann, Heinrich R. Van Heerden, J.H. (Jan Horn), 1957- Dixon, P.B. Rimmer, M.T. 2015-11-02T09:55:53Z 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 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.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

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