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The Mining Dynamics and Economic performance in South African Mineral Resources Using Quantile Regression

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  • Falakahla, Lwazi

Abstract

The paper analyses the performance of the South African mineral resources such as gold, coal, Platinum Group Metals (PGMs), iron ore, manganese and diamonds, by assessing the dynamics of commodity total production and sales over the period 1990-2018. The empirical evidence is based on Monge-Kantorovich Multivariate Quantile regression. The change in revenue, exchange rates, mining production oil prices, Producer Price Index (PPI) as well as the dummy variable which presents the shock of a global financial crisis, are proposed indicators of the study. The results are nevertheless ambiguous in some sectors. The findings provided that the depreciation of exchange rates is associated with positive and significant increases in total production and sales, particularly in the coal and diamond sectors. In particular, oil prices only contribute unfavorably to coal, PGMs and diamond production. The results might be interpreted to provide some useful implications for minerals and mining policy strategy.

Suggested Citation

  • Falakahla, Lwazi, 2019. "The Mining Dynamics and Economic performance in South African Mineral Resources Using Quantile Regression," MPRA Paper 95284, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:95284
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    File URL: https://mpra.ub.uni-muenchen.de/95284/1/MPRA_paper_95284.pdf
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    References listed on IDEAS

    as
    1. Mehmet Balcilar & Reneé van Eyden & Josine Uwilingiye & Rangan Gupta, 2017. "The Impact of Oil Price on South African GDP Growth: A Bayesian Markov Switching-VAR Analysis," African Development Review, African Development Bank, vol. 29(2), pages 319-336, June.
    2. Koenker, Roger W & Bassett, Gilbert, Jr, 1978. "Regression Quantiles," Econometrica, Econometric Society, vol. 46(1), pages 33-50, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    South Africa; Mining; Gold; Coal; PGM’s; Iron ore; Manganese; Diamonds; Quantile Regression;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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