摘要：This paper attempts to re-examine the issue on whether South Africa is experiencing jobless or job-creating growth. Making use of the structural vector autoregressive (SVAR) technique to characterize the dynamics of employment in response to output shocks, this paper shows that output shocks result in an increase in employment, although the effect is not of the same proportion with the change in employment being less than the change in output. An initial 1% change to economic growth leads to a 0.008% change in employment rate in the same period. The dynamic response of employment rate to change in economic growth indicates a very weak or neutral reaction of employment to economic growth and thus, justifies the hypothesis of jobless growth in South Africa.
