- Title
- The effect of technological innovation on employment: the case of manufacturing sector in South Africa
- Creator
- Matjiwa, Keaobaka Onicca
- Subject
- Manufacturing industries -- Technological innovations -- South Africa
- Date Issued
- 2021-12
- Date
- 2021-12
- Type
- Master's theses
- Type
- text
- Identifier
- http://hdl.handle.net/10948/54058
- Identifier
- vital:46209
- Description
- The role of technological innovation in the growth of an economy and the production of goods and services motivated this research. Technology is expected to boost production and relieve workers of the stress of doing repetitive tasks. It can also have a long-term impact on economic activity by increasing manufacturing efficiency and lowering production costs, which can be translated into lower prices for the goods and services demanded. The main objective of the study is to examine the relationship between technological innovation and employment, using a case study of the manufacturing sector in South Africa, making use of the Tobit regression model estimation technique. Annual secondary time series data spanning the period of 1970 to 2019 was employed. Earlier studies conducted in South Africa measured the relationship between employment in the manufacturing sector and technological innovation using different methodologies, including estimating procedures, model specifications and time frames. In this study the Tobit model estimation technique is utilised. The Tobit model results showed that there is a negative and significant relationship between variables used as proxies for technological innovation and employment in the manufacturing sector. That means an increase in technological innovation by 1 point will decrease employment in the manufacturing sector in South Africa by 0.52 points. Furthermore, the results reveals that there is relationship among control variables under the study. Based on the findings, the study therefore recommends that the government and policy makers formulate and adjust economic development policies that will produce the needed economic growth to secure employment in the midst of technological advancements in the manufacturing sector, through SETAs, TVETs and other Higher education institutions by interacting with the industry to develop curriculum and offer qualifications that enhance skills complementary to technological use, such as robotics, servicing of technology, software engineering, big data analytics and so forth.
- Description
- Thesis (MCom) -- Faculty of Business and Economic Sciences, 2021
- Format
- computer
- Format
- online resource
- Format
- Format
- 1 online resource (x, 161 pages)
- Publisher
- Nelson Mandela University
- Publisher
- Faculty of Business and Economic Sciences
- Language
- English
- Rights
- rights holder
- Rights
- All Rights Reserved
- Rights
- Open Access
- Hits: 508
- Visitors: 523
- Downloads: 91
Collections
NMU School for Economics, Development and Tourism
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Matjiwa, KO.pdf | 3 MB | Adobe Acrobat PDF | View Details Download |