South Africa's Unbalanced Growth Fuels Job Losses, Widens Inequality
The article explores why South Africa's economy has unbalanced growth, with a decline in manufacturing and a rise in the service sector. The researchers found that different sectors have varying productivity and demand, leading to changes in employment and output. Sectors like Manufacturing and Construction have high productivity but low demand elasticity, while Agriculture and Mining have low productivity and demand. Sectors like Utilities, Trade, and Communications have high productivity and demand, leading to growth. These factors contribute to the unique economic structure of South Africa.