194 KB48 KB200320242014Phiri, Andrewletnik:12številka:4str. 303-324, 415COBISSID:1537126852ISSN:1581-6311ISSN:1854-6935URN:URN:NBN:SI:doc-EHYHGEBUenFaculty of managementManaging global transitionsBaxter-King filterbrezposelnostButterworth high-pass filtereconomic growthfilter Baxter-Kingfilter Hodrick-Prescottgospodarska rastHodrick-Prescott filterJužna Afrikamodel MTARMTAR modelnelinearna povezavanelinearni "unit-root" testinelinearni Grangerjevi testinonlinear co-integrationnonlinear Granger testsnonlinear unit root testsOkunov zakonOkun's lawSouth Africaunemploymentvisokofrekvenčni filter ButterworthNonlinear co-integration between unemployment and economic growth in South Africa|In this paper, a momentum threshold autoregressive (MTAR) model is used to evaluate nonlinear equilibrium reversion between unemployment and economic growth for South African data between the periods 2000-2013. To attain this objective we estimate the first-difference and the gap model variations of Okun's specification. For the latter model variation, we employ three de-trending methods to obtain the relevant "gap" data; namely, the Hodrick-Prescott (HP) filter, the Baxter-King (BK) filter and the Butterworth (BW) digital filter. A common finding from our empirical analysis is that Okun's law holds concretely for South African data regardless of the model specification or the de-trending technique that is used. Moreover, our analysis proves that unemployment granger causes economic growth in the long-run, a result which may account for the jobless-growth phenomenon experienced by South Africa over the last decade or soTEXTznanstveno časopisjejournalsSlovenian National E-content AggregatorNational and University Library of SloveniaUniverza na Primorskem, Fakulteta za management