IMPACT OF FLOATING EXCHANGE RATE ON THE OUTPUT, EXPORT AND EMPLOYMENT IN THE SOUTH AFRICAN BEEF INDUSTRY
The purpose of the study is to analyse the impact of floating exchange rate through the long-run and short-run changes or dynamic relations amongst total production, Volume of exports and total employment from 1995 to 2020, using a time-series analysis. The study adopts the secondary time series da...
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| Format: | Article |
| Language: | English |
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Association of Scientists and Intellectuals of Kosovo
2023-08-01
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| Series: | Prizren Social Science Journal |
| Subjects: | |
| Online Access: | https://prizrenjournal.com/index.php/PSSJ/article/view/419 |
| _version_ | 1797367955596509184 |
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| author | Kingsley THABA Jan HLONGWANE Abenet BELETE Mushoni BULAGI |
| author_facet | Kingsley THABA Jan HLONGWANE Abenet BELETE Mushoni BULAGI |
| author_sort | Kingsley THABA |
| collection | DOAJ |
| description |
The purpose of the study is to analyse the impact of floating exchange rate through the long-run and short-run changes or dynamic relations amongst total production, Volume of exports and total employment from 1995 to 2020, using a time-series analysis. The study adopts the secondary time series data for total production, volume of exports and total employment. Descriptive statistics was adopted to describe the features of the data quantitatively and to profile the beef industry. Unit root test was performed for the integration of variables where data exabits mixture of level and first integration. Bound test shows that variables are somehow associated in the long run due to their short run cointegration. The results from the cointegration test and the ARDL-ECM estimation suggest a long-run effect among total production, volume of exports and total employment. The adjustment term or coefficient of ECT of dependent variables suggests that the past year’s errors are corrected for the current year at a convergence speed of 0.93, 1.72 and 1.06 percentage points, respectively. Furthermore, Causal relation or effect results for beef industry shows that single directional causality effect exists between, or which runs from volume of exports total production output, exchange rate to volume of exports and lastly, causal effect run from volume of exports to total employment. The overall conclusion is that floating exchange rate impact on total production, volume of exports and total employment in the beef industry of the South African red meat industry.
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| first_indexed | 2024-03-08T17:24:37Z |
| format | Article |
| id | doaj.art-5a8b1eb8f5f84d95a63669dd278b4e25 |
| institution | Directory Open Access Journal |
| issn | 2616-387X |
| language | English |
| last_indexed | 2024-03-08T17:24:37Z |
| publishDate | 2023-08-01 |
| publisher | Association of Scientists and Intellectuals of Kosovo |
| record_format | Article |
| series | Prizren Social Science Journal |
| spelling | doaj.art-5a8b1eb8f5f84d95a63669dd278b4e252024-01-02T22:14:37ZengAssociation of Scientists and Intellectuals of KosovoPrizren Social Science Journal2616-387X2023-08-017210.32936/pssj.v7i2.419395IMPACT OF FLOATING EXCHANGE RATE ON THE OUTPUT, EXPORT AND EMPLOYMENT IN THE SOUTH AFRICAN BEEF INDUSTRYKingsley THABA0Jan HLONGWANE1Abenet BELETE2Mushoni BULAGI3University of LimpopoUniversity of LimpopoUniversity of LimpopoTshwane University of Technology The purpose of the study is to analyse the impact of floating exchange rate through the long-run and short-run changes or dynamic relations amongst total production, Volume of exports and total employment from 1995 to 2020, using a time-series analysis. The study adopts the secondary time series data for total production, volume of exports and total employment. Descriptive statistics was adopted to describe the features of the data quantitatively and to profile the beef industry. Unit root test was performed for the integration of variables where data exabits mixture of level and first integration. Bound test shows that variables are somehow associated in the long run due to their short run cointegration. The results from the cointegration test and the ARDL-ECM estimation suggest a long-run effect among total production, volume of exports and total employment. The adjustment term or coefficient of ECT of dependent variables suggests that the past year’s errors are corrected for the current year at a convergence speed of 0.93, 1.72 and 1.06 percentage points, respectively. Furthermore, Causal relation or effect results for beef industry shows that single directional causality effect exists between, or which runs from volume of exports total production output, exchange rate to volume of exports and lastly, causal effect run from volume of exports to total employment. The overall conclusion is that floating exchange rate impact on total production, volume of exports and total employment in the beef industry of the South African red meat industry. https://prizrenjournal.com/index.php/PSSJ/article/view/419Floating Exchange Rate, South African Beef Industry, Total Production Output, Volume of Exports, Total Production. |
| spellingShingle | Kingsley THABA Jan HLONGWANE Abenet BELETE Mushoni BULAGI IMPACT OF FLOATING EXCHANGE RATE ON THE OUTPUT, EXPORT AND EMPLOYMENT IN THE SOUTH AFRICAN BEEF INDUSTRY Prizren Social Science Journal Floating Exchange Rate, South African Beef Industry, Total Production Output, Volume of Exports, Total Production. |
| title | IMPACT OF FLOATING EXCHANGE RATE ON THE OUTPUT, EXPORT AND EMPLOYMENT IN THE SOUTH AFRICAN BEEF INDUSTRY |
| title_full | IMPACT OF FLOATING EXCHANGE RATE ON THE OUTPUT, EXPORT AND EMPLOYMENT IN THE SOUTH AFRICAN BEEF INDUSTRY |
| title_fullStr | IMPACT OF FLOATING EXCHANGE RATE ON THE OUTPUT, EXPORT AND EMPLOYMENT IN THE SOUTH AFRICAN BEEF INDUSTRY |
| title_full_unstemmed | IMPACT OF FLOATING EXCHANGE RATE ON THE OUTPUT, EXPORT AND EMPLOYMENT IN THE SOUTH AFRICAN BEEF INDUSTRY |
| title_short | IMPACT OF FLOATING EXCHANGE RATE ON THE OUTPUT, EXPORT AND EMPLOYMENT IN THE SOUTH AFRICAN BEEF INDUSTRY |
| title_sort | impact of floating exchange rate on the output export and employment in the south african beef industry |
| topic | Floating Exchange Rate, South African Beef Industry, Total Production Output, Volume of Exports, Total Production. |
| url | https://prizrenjournal.com/index.php/PSSJ/article/view/419 |
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