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Development Economics

The effects of shock in strikes on non-agriculture employment, output, and inflation in South Africa: A structural analysis of Bayesian VAR models

ORCID Icon, , &
Article: 2230726 | Received 16 May 2023, Accepted 24 Jun 2023, Published online: 03 Jul 2023

Figures & data

Figure 1. Number of strikes in South Africa from 1981 to 2018.

Source: International Labour Organization (ILO) Database.
Figure 1. Number of strikes in South Africa from 1981 to 2018.

Figure 2. Descriptive statistics.

Source: Authors.
Figure 2. Descriptive statistics.

Figure 3. Structural analysis of strikes shock to non-agriculture employment, GVA, and inflation.

Notes: Impulse responses were generated using the Ibvar package in R. The dashed lines represent the 90% and 95% confidence bands of the Bayesian credible sets obtained through Gibbs sampling with 1000 draws of ∑. Source: Authors.
Figure 3. Structural analysis of strikes shock to non-agriculture employment, GVA, and inflation.

Figure 4. Inflation shock to GVA, strikes, and non-agriculture employment.

Notes: Impulse responses were generated using the Ibvar package in R. The dashed lines represent the 90% and 95% confidence bands of the Bayesian credible sets obtained through Gibbs sampling with 1000 draws of ∑. Source: Authors
Figure 4. Inflation shock to GVA, strikes, and non-agriculture employment.