Colleagues with PhDs! Reply

Herfs PhD 2016 Alicia en Carike

Yesterday two colleagues in the School of Economics received their PhD degrees at the autumn ceremony.

Dr Carike Claassen received her PhD for the thesis, The state of decoupling before and during the Great Recession, under the guidance of Prof Elsabe Loots (UP), Prof Alain Kabundi (SARB) and Prof Wilma Viviers.

Dr Alicia Fourie worked on the topic, A case study of determining the economic literacy of introductory economics students in South Africa, with Prof Waldo Krugell.

We are really proud of their hard work and dedication and wish them the best with their future research plans.

Autumn graduation ceremony 2016 Reply

Yesterday Master’s degrees were conferred at the Autumn graduation ceremony and the School is proud of the crop of newly minted experts in their fields! Grade Hons

MCom Economics:

  • Hardus Louw: The relationship between the financial sector and economic growth in South Africa (Supervisors: Prof Blaauw & Dr Pretorius).
  • Sandra Makumbirofa: Analysing and forecasting qualified labour demand in the South African hotel accommodation sector (Supervisor: Prof Saayman).
  • Maryke van Zyl: Energy-intensive clusters in the gold mining supply chain: Implications for energy policy (Supervisors: Drs Wait & Rossouw).

MCom International Trade:

  • Johan Malan: An analysis of export and employment opportunities for the South African manufacturing industry (Supervisors: Dr Steenkamp, Prof Viviers & Dr Rossouw).

MCom in Risk Management:

  • Fortue Murambadoro: Dissecting the transmission of financial shocks to household income distribution in South Africa (Supervisors: Dr Rossouw & Prof van Heerden)
  • Margitte van den Berg: Estimating the weights assigned to determinants of emerging market sovereign ratings (Supervisor: Dr Pretorius).
  • Robert Viljoen: The reaction of South African dual-listed stock prices to international public announcements (Supervisor: Prof van Heerden).

 

On exporting, wages and inequality Reply

Carli Neil Marianne

Carli with the supervisors Proff Marianne Matthee and Neil Rankin

Last week colleague and PhD candidate Carli Bezuidenhout presented her ongoing research at the seminar series of the Department of Economics at Stellenbosch University. In a nutshell…

Unemployment and inequality are two of the major challenges facing South Africa, moreover, the economy is struggling to grow. Exporting has always been advocated as a means to create jobs and grow the economy. Indeed, recent research has shown that South African manufacturing exporting firms do employ more people and pay higher wages than non-exporters.

But, we know from the literature that there is a lot of churning in terms of exporter dynamics – this affects wages and employment and we also know that exporters may contribute to wage inequality. We consider these aspects in the South African context by using the newly made available SARS firm-level data.

The preliminary findings suggests that, indeed the South African manufacturing exporters employ more workers and pay higher wages – they create more and better jobs. But some manufacturing exporters’ jobs are better than others – it depends on the destination they serve, the number of products exported, the number of destinations exported to and the export status. There is this hierarchy for exporting firms to be larger (number of employees) and pay more as you export further away. Firms exporting to the International market (to African countries and outside of Africa) pay more than firms exporting only to Africa. Interestingly the inequality within a firm (wages per person) also increase as you export further away. Therefore, some sort of trade-off exists between the levels of wages and inequality.