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The South African Phillips Curve: How Applicable is the Gordon Model?

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  • Marina Marinkov
  • Philippe Burger

Abstract

Is there a Phillips curve relationship present in South Africa and if so, what form does it take? Traditionally the way to estimate the Phillips curve is merely to regress the change in the price level on a measure of the output gap (or the deviation of actual unemployment from the NAIRU). However, Gordon (1990:481-5) […]

Suggested Citation

  • Marina Marinkov & Philippe Burger, 2006. "The South African Phillips Curve: How Applicable is the Gordon Model?," Working Papers 038, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:038
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    More about this item

    Keywords

    Development Economics; economic theory; investment; Labour Market; South Africa;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E39 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Other

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