New Growth Theory points to three potential influences on output and productivity growth-investment in human capital, R&D and investment in machinery and equipment (M&E). However, much of the literature focuses on human capital and R&D as sources of growth. Few efforts have been made to estimate...

Significant declines in employment have coincided with trade liberalisation in South Africa stimulating many debates on possible causal relationships between the two. Existing research has, however, focussed on explaining employment trends rather than changes in the relative wage of less skilled...