This study analyses the relationship between remuneration (real wage) and labour
productivity in South Africa at the macroeconomic level, using time series and econometric
techniques. The results depict that there is a significant evidence of a structural break in 1990.
The break appears to have affected the employment level and subsequently fed through into
employees' remuneration (real wage) and productivity. A long run cointegrating relationship
was found between remuneration and labour productivity for the period 1990 to 2011. In the
long run, 1% increase in labour productivity is linked with an approximately 1.98% rise in
remuneration. The coefficient of the error correction term in the labour productivity is large,
indicating a rapid adjustment of labour productivity to equilibrium. However, remuneration
does not Granger cause labour productivity and vice versa. / Thesis (M.Com.(Statistics) North-West University, Mafikeng Campus, 2014
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:nwu/oai:dspace.nwu.ac.za:10394/16195 |
| Date | January 2014 |
| Creators | Tsoku, Johannes Tshepiso |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
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