Policy adjustments could create 1.7 million additional South African jobs, new paper argues
The core requirements for more rapid and sustained growth in South Africa are greater saving, investment and more productive use of capital by better skilled workers, but also reduction in the skill constraint and moderation in unit labour costs, a new working paper by the South African Reserve Bank argues.
Using a dynamic computable general equilibrium model, the paper, Achieving higher growth and employment: Policy options for South Africa by David Faulkner, Christopher Loewald and Konstantin
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