Macroeconomic policy and South African unemployment: establishing an agenda for research

A recent survey of the South African unemployment research (Fourie 2011) reveals, inter alia, that there has been a limited amount of macroeconomic research on SA unemployment (compared to labour market studies, for instance). What there is, is on output elasticities of employment, sectoral shifts in employment, and possible labour-market related constraints on growth – and some work on increases in the long-run equilibrium rate of employment (the so-called NAIRU) after 1994.

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