An Assessment of the Relationship between Employment and Economic Growth in the Western Cape
This paper examines the relationship between employment and economic growth in the Western Cape using quarterly time series data from 2008 to 2023. The correlation coefficient between employment growth and economic growth was estimated at 0.56, which indicates that the two variables have a strong positive correlation. Moreover, the empirical results estimated the employment intensity with respect to economic growth to be 0.52. This signifies that economic growth is a key driver of employment in the Western Cape.
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