GTAP Resources: Resource Display
| GTAP Resource #4687 |
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"The Impact of the 2014 Platinum Mining Strike in South Africa: An Economy-Wide Analysis" by Bohlmann, Heinrich, Peter Dixon, Maureen Rimmer and Jan van Heerden Abstract In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa’s platinum industry. The strike lasted five 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. JEL codes: C68, J52 Keywords: Platinum mining strike, computable general equilibrium, UPGEM |
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- Dynamic modeling - Labor market issues |
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If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Public Access  GTAP Resource 4687 (305.9 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions An earlier version of this paper is available for download via Economic Research Southern Africa as ERSA Working Paper 478 at www.econrsa.org |
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Last Modified: 9/15/2023 2:05:45 PM
