Pub Date : 2023-02-02DOI: 10.1080/0376835X.2023.2171966
Lauren Veckranges
ABSTRACT The impact of large-scale mining in sub-Saharan Africa on local livelihoods is controversial. Little consensus exists about whether mining is a ‘blessing’ or a ‘curse’ for affected communities. This article estimates the impact of mine proximity on local socioeconomic outcomes. It does so by linking georeferenced survey data to mine locations, to determine whether living near a mine results in systematically better or worse scores on measures of lived poverty, development infrastructure and access to basic household services. The data (from Afrobarometer Round 6) spans 19 countries, 148 large-scale mines, and 4,796 households. The analysis shows that the average effects of proximity to a mine are modest compared with cross-national and urban-rural differences in living conditions. Mining is not consistently a ‘blessing’ or a ‘curse’ for affected local communities in sub-Saharan Africa.
{"title":"Estimating the impact of large-scale mining on local communities in sub-Saharan Africa","authors":"Lauren Veckranges","doi":"10.1080/0376835X.2023.2171966","DOIUrl":"https://doi.org/10.1080/0376835X.2023.2171966","url":null,"abstract":"ABSTRACT The impact of large-scale mining in sub-Saharan Africa on local livelihoods is controversial. Little consensus exists about whether mining is a ‘blessing’ or a ‘curse’ for affected communities. This article estimates the impact of mine proximity on local socioeconomic outcomes. It does so by linking georeferenced survey data to mine locations, to determine whether living near a mine results in systematically better or worse scores on measures of lived poverty, development infrastructure and access to basic household services. The data (from Afrobarometer Round 6) spans 19 countries, 148 large-scale mines, and 4,796 households. The analysis shows that the average effects of proximity to a mine are modest compared with cross-national and urban-rural differences in living conditions. Mining is not consistently a ‘blessing’ or a ‘curse’ for affected local communities in sub-Saharan Africa.","PeriodicalId":51523,"journal":{"name":"Development Southern Africa","volume":"40 1","pages":"1067 - 1085"},"PeriodicalIF":1.4,"publicationDate":"2023-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44871794","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-02DOI: 10.1080/0376835X.2022.2162854
Canisio Mutsindikwa, D. Gelderblom
ABSTRACT This article analyses the strategies Zimbabwean women use to help them manage their small-scale businesses in Harare. Based on three focus groups as well as semi-structured interviews with the same respondents (n = 21), we consider the advantages and disadvantages conferred on the women by their social capital. The women networked to create rotating credit associations (ROSCAs) to generate working capital. They devised several ingenious mechanisms to reduce the risks involved in contributing money to a common fund. They tried to overcome collective action problems by maximising both confidence and trust. Social capital facilitated their agency in a disempowering context while at the same time exposing them to the free riding behaviour of in-laws. Finally, the social networks of these women are not independent of the social networks of other, better-connected women with whom they are in competition, which points to a weakness of social capital and neo-institutionalist perspectives.
{"title":"An analysis of the coping strategies of small-scale female entrepreneurs in Harare, Zimbabwe","authors":"Canisio Mutsindikwa, D. Gelderblom","doi":"10.1080/0376835X.2022.2162854","DOIUrl":"https://doi.org/10.1080/0376835X.2022.2162854","url":null,"abstract":"ABSTRACT This article analyses the strategies Zimbabwean women use to help them manage their small-scale businesses in Harare. Based on three focus groups as well as semi-structured interviews with the same respondents (n = 21), we consider the advantages and disadvantages conferred on the women by their social capital. The women networked to create rotating credit associations (ROSCAs) to generate working capital. They devised several ingenious mechanisms to reduce the risks involved in contributing money to a common fund. They tried to overcome collective action problems by maximising both confidence and trust. Social capital facilitated their agency in a disempowering context while at the same time exposing them to the free riding behaviour of in-laws. Finally, the social networks of these women are not independent of the social networks of other, better-connected women with whom they are in competition, which points to a weakness of social capital and neo-institutionalist perspectives.","PeriodicalId":51523,"journal":{"name":"Development Southern Africa","volume":"40 1","pages":"854 - 866"},"PeriodicalIF":1.4,"publicationDate":"2023-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42112183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-31DOI: 10.1080/0376835X.2023.2168621
M. Sassi, Gopal Trital
ABSTRACT Governments in Sub-Saharan Africa introduced population movement restrictions as a measure to contain the COVID-19 spread. Their evaluation is paramount to help policymakers take evidence-based policy decisions. Rigorous econometric studies in the region are sparse. Our study contributes to covering this gap. Using a Panel Poisson fixed-effects model, we detect the association between the COVID-19 new cases per population and restriction movement policies across 23 Sub-Saharan African countries from February 28, 2020 to August 16, 2020. We control for the interaction of the policies with the spread of the infection, time-variant country-specific characteristics, and the countries’ preparedness level to respond to the pandemic. Our study shows that restrictive and lockdown measures contribute to the dilution of COVID-19 infections compared to a situation of no policies. Such effectiveness would be more substantial if countries intensify movement restrictions at the increasing levels of virus transmission, highlighting the importance of timely testing.
{"title":"Are population movement restrictions containing the COVID-19 cases in Sub-Saharan Africa?","authors":"M. Sassi, Gopal Trital","doi":"10.1080/0376835X.2023.2168621","DOIUrl":"https://doi.org/10.1080/0376835X.2023.2168621","url":null,"abstract":"ABSTRACT Governments in Sub-Saharan Africa introduced population movement restrictions as a measure to contain the COVID-19 spread. Their evaluation is paramount to help policymakers take evidence-based policy decisions. Rigorous econometric studies in the region are sparse. Our study contributes to covering this gap. Using a Panel Poisson fixed-effects model, we detect the association between the COVID-19 new cases per population and restriction movement policies across 23 Sub-Saharan African countries from February 28, 2020 to August 16, 2020. We control for the interaction of the policies with the spread of the infection, time-variant country-specific characteristics, and the countries’ preparedness level to respond to the pandemic. Our study shows that restrictive and lockdown measures contribute to the dilution of COVID-19 infections compared to a situation of no policies. Such effectiveness would be more substantial if countries intensify movement restrictions at the increasing levels of virus transmission, highlighting the importance of timely testing.","PeriodicalId":51523,"journal":{"name":"Development Southern Africa","volume":"40 1","pages":"881 - 896"},"PeriodicalIF":1.4,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47704718","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-28DOI: 10.1080/0376835X.2023.2171367
D. Okunlola, O. Makinde
ABSTRACT This study examined the influence of COVID-19-induced challenges on pregnancy desire among married/in-union women of reproductive age in Lagos and Kano states, Nigeria. The performance monitoring for action (PMA) data were analysed using descriptive statistics and multilevel regression. About 12% of women desired no pregnancy; 43% would feel happy and unhappy respectively, if pregnancy occurred during the pandemic, while 13.9% would have mixed feelings. COVID-19 concern was associated with no pregnancy desire (OR = 1.14; CI = 1.05–1.24) but negatively associated with feeling happy (RRR: 0.83; CI: 0.71–0.98). Experience of partial household income loss was negatively associated with having mixed feelings (RRR = 0.30; CI = 0.13–0.69). Experience of complete income loss was negatively associated with feeling happy and mixed feelings respectively. In each state, women with COVID-19 concerns and household income loss should be empowered to prevent unwanted pregnancies and their attendant negative reproductive and mental health consequences.
{"title":"COVID-19 challenges and pregnancy desire among married/ in-union women in Kano and Lagos States, Nigeria","authors":"D. Okunlola, O. Makinde","doi":"10.1080/0376835X.2023.2171367","DOIUrl":"https://doi.org/10.1080/0376835X.2023.2171367","url":null,"abstract":"ABSTRACT This study examined the influence of COVID-19-induced challenges on pregnancy desire among married/in-union women of reproductive age in Lagos and Kano states, Nigeria. The performance monitoring for action (PMA) data were analysed using descriptive statistics and multilevel regression. About 12% of women desired no pregnancy; 43% would feel happy and unhappy respectively, if pregnancy occurred during the pandemic, while 13.9% would have mixed feelings. COVID-19 concern was associated with no pregnancy desire (OR = 1.14; CI = 1.05–1.24) but negatively associated with feeling happy (RRR: 0.83; CI: 0.71–0.98). Experience of partial household income loss was negatively associated with having mixed feelings (RRR = 0.30; CI = 0.13–0.69). Experience of complete income loss was negatively associated with feeling happy and mixed feelings respectively. In each state, women with COVID-19 concerns and household income loss should be empowered to prevent unwanted pregnancies and their attendant negative reproductive and mental health consequences.","PeriodicalId":51523,"journal":{"name":"Development Southern Africa","volume":"40 1","pages":"1053 - 1066"},"PeriodicalIF":1.4,"publicationDate":"2023-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48346551","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-24DOI: 10.1080/0376835X.2022.2162857
Anmar Pretorius, D. Blaauw, Rinie Schenck, Lizette Grobler
ABSTRACT The concept of circular economy includes three aspects from a human perspective, namely Reduce, Reuse, and Recycle. Studying human behaviour is important in understanding and evaluating the possible success of any of the three elements. We explored the link between household waste practices and local governments’ ability to provide proper waste management, as stipulated in the South African Constitution, as well as the factors linked to different waste management practices through a cross-case analysis using a mixed-method research design. Households in Calvinia, Philippolis and Polokwane handle waste differently due to different levels of municipal waste services rendered and the availability of local recycling options. Most households in all three towns indicated their willingness to take part in recycling. Surprisingly, the level of household income has no statistically significant impact on waste behaviour. On the other hand, the one factor that does impact on waste behaviour is the inclusion of recycling projects in school curricula.
{"title":"Towards a circular economy: A cross-case analysis of recycling in three South African towns","authors":"Anmar Pretorius, D. Blaauw, Rinie Schenck, Lizette Grobler","doi":"10.1080/0376835X.2022.2162857","DOIUrl":"https://doi.org/10.1080/0376835X.2022.2162857","url":null,"abstract":"ABSTRACT The concept of circular economy includes three aspects from a human perspective, namely Reduce, Reuse, and Recycle. Studying human behaviour is important in understanding and evaluating the possible success of any of the three elements. We explored the link between household waste practices and local governments’ ability to provide proper waste management, as stipulated in the South African Constitution, as well as the factors linked to different waste management practices through a cross-case analysis using a mixed-method research design. Households in Calvinia, Philippolis and Polokwane handle waste differently due to different levels of municipal waste services rendered and the availability of local recycling options. Most households in all three towns indicated their willingness to take part in recycling. Surprisingly, the level of household income has no statistically significant impact on waste behaviour. On the other hand, the one factor that does impact on waste behaviour is the inclusion of recycling projects in school curricula.","PeriodicalId":51523,"journal":{"name":"Development Southern Africa","volume":"40 1","pages":"944 - 960"},"PeriodicalIF":1.4,"publicationDate":"2023-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41483997","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-18DOI: 10.1080/0376835X.2022.2163228
T. J. Friderichs, G. Keeton, M. Rogan
ABSTRACT Human capital (HC) has increasingly been identified as a driver of economic development, with the potential to reduce income inequality, which, in South Africa, originates in the labour market. HC is, however, a complex concept to measure. This study uses Fields’ regression-based decomposition method to analyse the relationships between income inequality and HC in South Africa. The Fields method allows for the analysis of the impact of several factors contributing to HC on the distribution of a measure of income. Data from the National Income Dynamics Study (NIDS) wave 1 (2008) and 5 (2017) are used. The findings suggest that increasing educational attainment, through improved school quality for all, would likely play a key role in reducing income inequality in South Africa. Furthermore, the large role of education attainment in explaining household income inequality supports the use of education attainment as a proxy for HC in South Africa.
{"title":"Decomposing the impact of human capital on household income inequality in South Africa: Is education a useful measure?","authors":"T. J. Friderichs, G. Keeton, M. Rogan","doi":"10.1080/0376835X.2022.2163228","DOIUrl":"https://doi.org/10.1080/0376835X.2022.2163228","url":null,"abstract":"ABSTRACT Human capital (HC) has increasingly been identified as a driver of economic development, with the potential to reduce income inequality, which, in South Africa, originates in the labour market. HC is, however, a complex concept to measure. This study uses Fields’ regression-based decomposition method to analyse the relationships between income inequality and HC in South Africa. The Fields method allows for the analysis of the impact of several factors contributing to HC on the distribution of a measure of income. Data from the National Income Dynamics Study (NIDS) wave 1 (2008) and 5 (2017) are used. The findings suggest that increasing educational attainment, through improved school quality for all, would likely play a key role in reducing income inequality in South Africa. Furthermore, the large role of education attainment in explaining household income inequality supports the use of education attainment as a proxy for HC in South Africa.","PeriodicalId":51523,"journal":{"name":"Development Southern Africa","volume":"40 1","pages":"997 - 1013"},"PeriodicalIF":1.4,"publicationDate":"2023-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45119330","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-13DOI: 10.1080/0376835X.2023.2165042
I. Adam, F. Dayour, A. Kimbu
ABSTRACT Understanding the causal influence of financial anxiety on future work commitment with social support and socio-psychological wellbeing as mediators amongst crisis-induced redundant tourism employees remains limited. Using data collected from 547 COVID-19-induced redundant tourism employees, this paper examines the influence of financial anxiety on future work commitment with social support and socio-psychological wellbeing as mediators. The findings reveal that financial anxiety has a negative influence on social support and social and psychological wellbeing. Social support has a negative influence on social wellbeing, while social support has a positive influence on future work commitment. Both social and psychological wellbeing has a negative influence on future work commitment. Meanwhile, the influence of financial anxiety on future work is fully mediated by social support and socio-psychological wellbeing. Insurance uptake and establishment of welfare funds amongst tourism employees can be used to buffer the effects of financial anxiety on future work commitment.
{"title":"Crisis-induced financial anxiety, social support, socio-psychological wellbeing, and commitment to work in the tourism sector","authors":"I. Adam, F. Dayour, A. Kimbu","doi":"10.1080/0376835X.2023.2165042","DOIUrl":"https://doi.org/10.1080/0376835X.2023.2165042","url":null,"abstract":"ABSTRACT Understanding the causal influence of financial anxiety on future work commitment with social support and socio-psychological wellbeing as mediators amongst crisis-induced redundant tourism employees remains limited. Using data collected from 547 COVID-19-induced redundant tourism employees, this paper examines the influence of financial anxiety on future work commitment with social support and socio-psychological wellbeing as mediators. The findings reveal that financial anxiety has a negative influence on social support and social and psychological wellbeing. Social support has a negative influence on social wellbeing, while social support has a positive influence on future work commitment. Both social and psychological wellbeing has a negative influence on future work commitment. Meanwhile, the influence of financial anxiety on future work is fully mediated by social support and socio-psychological wellbeing. Insurance uptake and establishment of welfare funds amongst tourism employees can be used to buffer the effects of financial anxiety on future work commitment.","PeriodicalId":51523,"journal":{"name":"Development Southern Africa","volume":"40 1","pages":"1014 - 1037"},"PeriodicalIF":1.4,"publicationDate":"2023-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47999704","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-12DOI: 10.1080/0376835X.2022.2162856
Miracle Ntuli, Prudence Kwenda
ABSTRACT This study examines differences in depressive symptoms between informal and formal workers in South Africa during the COVID-19 lockdown period. The analysis focuses on the June to October 2020 period, which was characterised by the easing of lockdown regulations from level 3 to level 1. Using the NIDS-CRAM wave 2 and 3 survey data, the study estimates a standard logit and a fixed effects logit model to account for worker’s unobserved heterogeneity. Results show that the likelihood of experiencing depressive symptoms increased across all workers between June and October. However, there were no statistically significant differences between informal and formal workers’ mental health over this period. Additional results show that workers living in urban areas and households suffering from hunger had a higher risk of experiencing depressive symptoms. Based on these results, the study recommends for government strategies that curb the rise in depressive symptoms among all workers.
{"title":"Analysis of depressive symptoms between formal and informal workers in South Africa during COVID-19 crisis","authors":"Miracle Ntuli, Prudence Kwenda","doi":"10.1080/0376835X.2022.2162856","DOIUrl":"https://doi.org/10.1080/0376835X.2022.2162856","url":null,"abstract":"ABSTRACT This study examines differences in depressive symptoms between informal and formal workers in South Africa during the COVID-19 lockdown period. The analysis focuses on the June to October 2020 period, which was characterised by the easing of lockdown regulations from level 3 to level 1. Using the NIDS-CRAM wave 2 and 3 survey data, the study estimates a standard logit and a fixed effects logit model to account for worker’s unobserved heterogeneity. Results show that the likelihood of experiencing depressive symptoms increased across all workers between June and October. However, there were no statistically significant differences between informal and formal workers’ mental health over this period. Additional results show that workers living in urban areas and households suffering from hunger had a higher risk of experiencing depressive symptoms. Based on these results, the study recommends for government strategies that curb the rise in depressive symptoms among all workers.","PeriodicalId":51523,"journal":{"name":"Development Southern Africa","volume":"40 1","pages":"928 - 943"},"PeriodicalIF":1.4,"publicationDate":"2023-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42852977","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-08DOI: 10.1080/0376835X.2022.2163225
Hellen Venganai, Frank Mupoperi
ABSTRACT When disasters happen in the world, government departments and NGOs collaborate to support survivors through various interventions. Whether these interventions respond to the gendered impacts of these disasters is an area that has not been given adequate research attention. This paper provides a gendered analysis of the interventions targeted at Cyclone Idai survivors in Zimbabwe’s Chimanimani District. It draws from data generated through focus group discussions, in-depth interviews, and key-informant interviews with cyclone survivors and representatives from government agencies and NGOs that provided humanitarian assistance in Chimanimani District. The study revealed that the interventions were implemented without comprehensively integrating gendered issues due to the absence of a clear gender responsive national policy framework for disaster management in Zimbabwe. The study recommends gender sensitive training to those who assist in distributing humanitarian assistance and the need to address gender-skewed responses caused by treating gender as synonymous with women.
{"title":"A gendered analysis of Cyclone Idai disaster interventions in Chimanimani district, Zimbabwe","authors":"Hellen Venganai, Frank Mupoperi","doi":"10.1080/0376835X.2022.2163225","DOIUrl":"https://doi.org/10.1080/0376835X.2022.2163225","url":null,"abstract":"ABSTRACT When disasters happen in the world, government departments and NGOs collaborate to support survivors through various interventions. Whether these interventions respond to the gendered impacts of these disasters is an area that has not been given adequate research attention. This paper provides a gendered analysis of the interventions targeted at Cyclone Idai survivors in Zimbabwe’s Chimanimani District. It draws from data generated through focus group discussions, in-depth interviews, and key-informant interviews with cyclone survivors and representatives from government agencies and NGOs that provided humanitarian assistance in Chimanimani District. The study revealed that the interventions were implemented without comprehensively integrating gendered issues due to the absence of a clear gender responsive national policy framework for disaster management in Zimbabwe. The study recommends gender sensitive training to those who assist in distributing humanitarian assistance and the need to address gender-skewed responses caused by treating gender as synonymous with women.","PeriodicalId":51523,"journal":{"name":"Development Southern Africa","volume":"40 1","pages":"867 - 880"},"PeriodicalIF":1.4,"publicationDate":"2023-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49474831","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-06DOI: 10.1080/0376835X.2022.2163226
Mduduzi Biyase, Carolyn Chisadza
ABSTRACT The aim of this study is to examine the financial development-inequality nexus in South Africa from 1980 to 2017, specifically if financial deepening reduces income inequality. The initial results indicate a positive association between financial deepening and income inequality. On further exploration, we find evidence that the Greenwood and Jovanovich hypothesis holds for South Africa. We observe an inverted non-linear relationship between financial deepening and income inequality in the long-run. The results suggest that at early stages of financial development, income inequality increases, but gradually starts to decrease as the financial sector becomes more established in the long-run. The findings highlight the need for policymakers to focus on inclusive financial sector reforms in the early stages of financial development.
{"title":"Symmetric and asymmetric effects of financial deepening on income inequality in South Africa","authors":"Mduduzi Biyase, Carolyn Chisadza","doi":"10.1080/0376835X.2022.2163226","DOIUrl":"https://doi.org/10.1080/0376835X.2022.2163226","url":null,"abstract":"ABSTRACT\u0000 The aim of this study is to examine the financial development-inequality nexus in South Africa from 1980 to 2017, specifically if financial deepening reduces income inequality. The initial results indicate a positive association between financial deepening and income inequality. On further exploration, we find evidence that the Greenwood and Jovanovich hypothesis holds for South Africa. We observe an inverted non-linear relationship between financial deepening and income inequality in the long-run. The results suggest that at early stages of financial development, income inequality increases, but gradually starts to decrease as the financial sector becomes more established in the long-run. The findings highlight the need for policymakers to focus on inclusive financial sector reforms in the early stages of financial development.","PeriodicalId":51523,"journal":{"name":"Development Southern Africa","volume":"40 1","pages":"961 - 978"},"PeriodicalIF":1.4,"publicationDate":"2023-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42299195","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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