The impact of the 2014 platinum mining strike in South Africa : an economy-wide analysis
| 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.contributor.email | heinrich.bohlmann@up.ac.za | en_ZA |
| 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 |