This paper provides estimates of potential output growth in post-apartheid South Africa using both time trend … techniques and a production function approach which indicates a potential growth rate of around 3 percent. The implied output gap … macroeconomic policy. Growth accounting and regression analysis suggest that an increase in trend GDP growth after the end of …

a similar trajectory over time, seem to have a powerful predictive information for the near-term GDP growth (up to four … relatively high predictive power regarding GDP growth, a further deterioration may imply that economic activity is likely to slow …

rates in South Africa and the United States, along with growth rates in both narrow and broad monetary aggregates in South …

-shedding observed during the recent financial crisis. The paper finds that the rapid growth of the real wage, which outpaced the labor … productivity growth in most sectors, played an important role in suppressing employment creation. The paper also finds that while … and thus contribute to a weak link between real wage growth and labor productivity growth in the short term. This finding …