Effect of Unemployment and Inflation on Economic Growth in South Africa

نویسندگان

چکیده

The key macroeconomic objectives being pursued by any developing country are low unemployment, inflation, and sustainable growth. main aim of this study was to analyze the effect unemployment inflation on economic growth in South Africa for period 1994 2018, using quarterly data. results unit root test Augmented Dickey Fuller Phillips Perron tests showed that all variables have a levels became stationary after first differencing. Johansen co-integration outcomes there is long-run relationship among variables, Vector error correlation model confirmed negative impact Furthermore, White Heteroskedasticity, Jarque -Bera Serial LM reveal no problem data distribution or serial respectively. government should implement workable pricing regulations enforce them maintain stable price levels. also through Department Higher Education Training, establish structure connects educational system with industries Africa, allowing development skills at tertiary level increasing employment.

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ژورنال

عنوان ژورنال: International Journal of Economics and Financial Issues

سال: 2023

ISSN: ['2146-4138']

DOI: https://doi.org/10.32479/ijefi.13447