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An analysis of a relationship between Remuneration and Labour Productivity in South Africa / Johannes Tshepiso Tsoku

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

Identiferoai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:nwu/oai:dspace.nwu.ac.za:10394/16195
Date January 2014
CreatorsTsoku, Johannes Tshepiso
Source SetsSouth African National ETD Portal
LanguageEnglish
Detected LanguageEnglish
TypeThesis

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