Sources of unemployment in Namibia: an application of the structural VAR approach

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dc.contributor.authorSunde, Tafirenyika
dc.contributor.authorAkanbi, Olusegun A.
dc.date.accessioned2016-06-07T11:06:45Z
dc.date.available2016-06-07T11:06:45Z
dc.date.issued2016
dc.description.abstractThe main purpose of the research was to establish the sources of unemployment in Namibia for the period 1980 to 2013 using the SVAR methodology. Empirical results show that persistently high unemployment is the result of a combination of various shocks as well as the hysteresis mechanism. The impulse response functions and variance decomposition functions agree that labour supply, aggregate demand, and real wages seem to be the critical factors affecting unemployment. Moreover, the price shocks affect unemployment in the long run and productivity shocks explain only a small fraction of the forecast error variance decomposition of unemployment in both the short run and long run. This finding is consistent with the controversy of uncertain effects of productivity shocks on the unemployment rate. Aggregate demand policies, deregulation policies and structural labour market reforms can be useful policy instruments to tackle unemployment in Namibia.en_US
dc.identifier.citationSunde, T., & Akanbi, O. A. (2016). Sources of unemployment in Namibia: An application of the structural VAR approach. International Journal of Sustainable Economy, 8(2), 125-143.en_US
dc.identifier.urihttp://hdl.handle.net/10628/563
dc.language.isoenen_US
dc.publisherInderscience Enterprises Ltd.en_US
dc.subjectunemployment; real wages; price inflation; productivity; structural VAR; stationarity; impulse response; variance decomposition; hysteresis; Namibia.en_US
dc.titleSources of unemployment in Namibia: an application of the structural VAR approachen_US
dc.typeArticleen_US

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