Browsing by Author "Baidoo, Emmanuel"

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    An assessment of the benefits of offshore services to South Africa's economic growth
    (University of the Western Cape, 2014) Baidoo, Emmanuel; Loots, Lieb
    Throughout its development, trade has been regarded as a vital component of economic growth and development. Both theoretical and empirical studies consider international trade to be a major determinant of the growth of any economy. International trade in services has been rising ever since trade in services was incorporated into international trade agreements after the Uruguay Round of trade negotiations in 1994. This, coupled with the ever-improving state of technological innovation, has made services trade an important aspect of the development agenda of most countries. However, just like any other endeavour, offshoring of services has both opportunities as well as threats. The study examines two research questions relating to the growth-enhancing impact of South Africa’s exports and imports of services. Firstly, the study examines the contribution of services exports to economic growth in South Africa. Secondly, the study determines the impact that imported services has had on South Africa’s economic growth. In spite of the global rise of trade in services, South Africa’s export of services accounts for only 14 percent of total exports, while the import of services constitutes 20 percent of total imports. Using quarterly time series data for the period 1980 to 2012, the study adopts the ordinary least squares method to estimate the contribution of both exports and imports to output expansion within an aggregation production function setup. The empirical results show that the export of services influences influence South Africa’s economic growth significantly in both the long-run and the short-run. While the relationship is positive in the long-run, it is negative in the short-run. The results also indicate that the import of services significantly and positively affects real output growth in both the long-run and the short-run.
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    Investigating underemployment in South Africa
    (University of the Western Cape, 2018) Baidoo, Emmanuel; Yu, Derek
    Labour economists in South Africa have extensively researched on almost all aspects of the unemployment phenomenon, specifically, the levels and extent of unemployment as well as the causes of unemployment have received a lot of empirical attention. One category of the labour force, namely the underemployed, has mostly been ignored in empirical studies. An investigation into the prevalence and rate of underemployment is essential because unemployment alone underestimates the magnitude of a country’s available excess labour capacity. The study focuses on various conceptual and empirical issues, including the definition of underemployment, the extent of underemployment in South Africa, demographic characteristics of the underemployed, an empirical estimation of the total earnings effect of underemployment, the duration of underemployment, and the possible policy options to tackle underemployment. To achieve its research objectives, the study conducts various descriptive and econometric analyses, using the data from the 1995-2016 labour force surveys and the first four waves of NIDS conducted in 2008-2015.